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

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.