News.
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KupiVIP.ru, Russia’s leading ecommerce player, completes record $55m funding
KupiVIP, Russia’s leading online shopping club, today announced the completion of a $55 million Series C funding – a record transaction for a Russia... Full Article -
FT - Russian online group secures $55m injection
A group of well-known European and US venture-capital funds has made a $55m investment in KupiVIP, a Russian online shopping club, in what they clai... Full Article -
WSJ - KupiVIP Looks to Open Up E-Commerce to Russians
Today’s announcement that Russia’s largest high-end online auction and shopping club, KupiVIP, has attracted $55 million of fresh venture capital fu... Full Article -
From Russia With Money: How Flash Sales Startup KupiVIP Is Riding The Middle Class Wave
From a slow start in the aftermath of the Soviet Union, Russia is now Europe’s biggest internet market with 53 million users (compared to number-two Germany at 51 million), and figures from GP Bullhound and comScore indicate that it is also growing the fastest, at 14 percent (other European countries are at less than six percent it says).
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