Intel Corporation : Chip Shot: Intel Capital invests in Russian Fashion Ecommerce
06/21/2012| 04:35pm US/Eastern
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Intel Capital has led a $38 million investment round in
Moscow-based KupiVIP Holding, an operator of popular Russian
fashion ecommerce websites. The company operates KupiVIP.ru, the largest online
Russian shopping club that offers over 1,500 brand name
designer fashions and accessories at up to 90% off through
daily flash sales. KupiVIP also operates ShopTime.ru which provides a wide
assortment of fashion products, as well as white label
ecommerce services to global fashion brands to help them
operate online stores in Russia. Intel Capital's investment
in KupiVIP follows the organization's 2011 investment in
Sapato, another leading ecommerce retailer in Russia
specializing in footwear, which was recently acquired by
Ozon.
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