OZON Holdings Limited, a Russia-based e-commerce group, completed a $150m funding round.
Backers included “Sistema” JSFC and Mobile TeleSystems OJSC, which have each acquired a 10.8% stake for US$ 75m in OZON Holdings Limited. As a result, two representatives from Sistema and MTS are expected to join OZON’s board of directors.
The company intends to use the proceeds to further expand delivery infrastructure across Russia, the product assortment of OZON.ru and Sapato.ru, and continue to grow OZON.travel in OTA space.
Led by Maelle Gavet, CEO, OZON Holdings is comprised of five companies, including OZON.ru, OZON Travel, O-Courier, Sapato.ru and OZON Solutions. The company is also backed by Baring Vostock, Index Ventures, ru-Net, Rakuten, Intel Capital, Holzbrink and Cisco.
FinSMEs
01/05/2014