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Online retailer Ozon.ru secures USD 100M in funding round

Monday 12 September 2011 15:39 CET | News

Russian-based online retailer Ozon.ru has secured USD100 million in funding round from Japanese online retailer Rakutena and investment companies ru-Net, Index Ventures and Alpha Associates, online media outlet themoscowtimes.com reports.

With the new influx of capital, Ozon.ru will build logistics centres and equipment. The company will also increase its inventory and expand its range of products.

Founded in 1998, Ozon sells books, movies, music and Software to customers in 56 different countries.


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Keywords: Ozon.ru, online retailer, funding round
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce