iGooods, a Saint Petersburg supermarket delivery service, has attracted 123 million rubles (roughly $1.9 million at the current exchange rate) in exchange for a 24.6% stake in the company. The news was reported by Russian business daily Vedomosti this Monday.
The investors included Moscow-based venture fund SOL Ventures, ex-partners at the venture fund Quadriga Capital Russia, Christoph Weise, Petra Weise, and Reinhard Kohleick, as well as Olga Mescherina, the fund’s investment officer. Also participating in the round was the company’s earlier investor Andrey Brovtsinov, and several business angels.
The startup will use the money to strengthen its activities in the home town and expand to Moscow. The company is also planning to upgrade it website and fuel its advertising efforts.
iGooods allow people to order online any goods from offline outlets and receive them at home. An iGooods “personal buyer” will make the purchases physically, then a courier will deliver them to the customer’s home. The purchases are paid on delivery, as is often the case in Russian e-commerce.
Photo credit: iGooods
The iGooods service is free, meaning that customers pay the same price as that they would pay in the outlet, according to the company.
Founded in 2014, the startup claims to have generated 53 million rubles in revenues (roughly $850,000) in 2017. It cooperates with such major retail outlets as Metro, Lenta, Karusel, Prisma and Spar.
