Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Direct Group

eVenture Teams With Direct Group to Launch Online Shoe Retailer

Posted Thu, 12/08/2010 - 23:09

Germany's eVenture Capital Partners has teamed up with Russia's Direct Group to invest in the fledgling Sapatu.ru, an online shoe retailer just getting under way. The investment, which is believed to be in the neighbourhood of USD 1 million, is part of the partner's goal to build Russia's number one online shoe store in the midst of a market estimated to be worth USD $15 billion annually.

Accel Partners Leads $20m Funding Round for KupiVIP.ru

Posted Wed, 03/02/2010 - 12:38

KupiVIP.ru, the Russian online shopping club led by CEO Oskar Hartmann, recently concluded a third round of new funding to the tune of USD 20 million. U.S.-based Accel Partners led the round and was joined by previous investors Arlan, Direct Group, Mangrove Capital Partners, and Oliver Jung. KupiVIP.ru has managed to raise a total of USD 31 million after its first to rounds brought in USD 3 million and USD 8 million, respectively. The new funding will be used to improve logistics and operational infrastructure.

KupiVIP Has New Minority Investor in Direct Group

Posted Wed, 01/07/2009 - 21:32

KupiVIP.ru, the Russian online shopping club has a new minority investor in Direct Group, the market expansion firm headed by Pascal Clément. As part of the deal, whose financial details have not been disclosed, Clément will be given a seat on KupiVIP.ru’s Board. Direct Group plans to bring the same industry expertise it utilized in previous portfolio company Ozon.ru, to the table at KupiVIP.ru, hoping to gain up to 3% of the market within the next few years. Other KupiVIP.ru investors include Mangrove Capital Partners, Arlan and ABRT Fund.