E-Commerce

OneTwoTrip raises $4 million in funding from Vostok New Venture

November 19, 2015 November 12, 2020

OneTwoTrip, the Russian travel booking website operating in Russia, Europe and CIS, has secured $4 million in fresh funding from Vostok New Ventures. The deal was disclosed in the nine-months report of the Swedish fund. Launched in 2011, the startup offers online booking of flight tickets and hotels. The startup raised $25 million in two rounds from Phenomenon Ventures and Skype …

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Consumers accessing foreign foods online in Russia

November 5, 2015 November 6, 2015

How Russians prepare their food may change in the near future, as a result of a loophole in the restrictions against imported foods in the country. Consumers can access foreign foods online in Russia, offering a small but significant opening in the embargo against foreign groceries. However, it remains to be seen whether this will result …

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Russian online retailers allowed to sell goods through AliExpress

October 26, 2015 February 12, 2016

AliExpress, the Chinese B2C marketplace which last year became number one online retailer in Russia, will allow Russian vendors to sell their goods through its platform starting from Nov. 11, news agency RBC reported last week. Nearly 20 Russian retailers will be available on AliExpress at start, said Mark Zavadsky, GM of Alibaba Russia. These companies include marketplace Wikimart.ru, online retailers …

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Russians may order embargoed food products through foreign online stores, say customs authorities

October 21, 2015 February 12, 2016

Russian citizens are allowed to buy embargoed products from foreign online stores, the Federal Customs Service (FCS) has stated in a written answer to an inquiry from customs broker Unitrade on behalf of cross-border e-commerce platform Shopfans. In 2014, following the sanctions applied by western countries against a number of Russian individuals and businesses, Russia …

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Russian players are welcome to trade in China, say Chinese e-commerce platforms

October 19, 2015 February 12, 2016

Earlier this month in Moscow East-West Digital News with is partners industry association NAMO, Chinese platform OSell and US publication Internet Retailer held the first China-Russia E-Commerce Summit. The conference started with a presentation of the key figures and trends of this fast-growing market. Last year Chinese online retailers and marketplaces accounted for at least …

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Cross-border e-commerce players from across the world to meet in Barcelona on Oct. 29-30

October 15, 2015 February 12, 2016

An exclusive, 2-day e-commerce conference, Club Ecommerce’s Cross Border Summit 1to1 brings together industry practitioners from across the world each year in Barcelona. Online retailers, solution providers, other market players and experts will exchange best practices and knowledge and talk with potential partners from dozens of countries. If you are a solution provider, you will meet and network with major international online retailers! (apply here) …

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Ru-Net invests in Delhi-based startup PepperTap as Russian players eye Indian market

October 13, 2015 February 12, 2016

Is India – following Singapore and South Korea – becoming one of Asia’s top destinations for Russian investors? Exemplifying this growing interest in the Indian market, Ru-Net, a Moscow-based venture fund, took part last month in a $36 million funding round for Delhi-based grocery delivery startup PepperTap. Also participating in the round were e-commerce marketplace Snapdeal, which led it, JAFCO and …

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Facing China slowdown, Alibaba and JD find solace in Russia

October 9, 2015 February 12, 2016

Russia’s plunging currency hasn’t weaned consumers off foreign goods. Instead, cash-strapped shoppers are turning to online retailers for imported smartphones, jewelry and clothes, giving an unexpected boost to Chinese e-commerce giants Alibaba Group Holding Ltd. and JD.com Inc. Alibaba’s AliExpress site posted a 40 percent increase in Russian visitors to 22 million in July compared with a year earlier, according to …

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Indian food delivery service Inner Chef secures $1.7 million from Ukrainian, Russian and local investors

October 7, 2015 February 12, 2016

Inner Chef, an Indian adaptation of the US service Blue Apron, has raised $1.7 million from Kiev, Ukraine-based fund TA Ventures and several business angels. These include Boris Ryabov, managing partner of Russia-based venture fund Bright Capital, as well as Indian entrepreneurs Phanindra Sama, Vijay Shekhar Sharma, Anupam Mittal Vishal Gondal and others. Inner-Chef was launched …

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Avito acquires delivery service aggregator CheckOut and prepares for IPO

October 5, 2015 February 12, 2016

Avito, Russia’s leading online classifieds site, is preparing for an IPO, co-founder and CEO Jonas Nordlander stated last week. Avito is “in the preparation for the simple reason that we want to have options if it at some point makes sense for the business and shareholders to go public,” Bloomberg quoted him as saying. Avito …

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H&M to open online store in Russia

September 28, 2015 February 12, 2016

Swedish clothing brand H&M said it would launch an online store in Russia this fall to boost already rising sales in the country. In a report of its results over the first 9 months of this year, Stockholm-based H&M said year-on-year sales in Russia had risen by 15 percent to 2.6 billion Swedish krona ($312 million). …

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US brand Vans launches online retail store in Russia

September 25, 2015 February 18, 2016

Earlier this month Californian brand Vans launched an online retail store in Russia to make its collections — including “California,” “Classic,” “LXVI,” “OTW,” “Surf” and “Pro Skate” — more readily available to local consumers. Also displayed on Vans.ru are items co-branded with Disney, Eley Kishimoto and Antihero. So far Vans had 17 offline stores and outlets in …

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