Reksoft E-commerce Spin-off Closes $100 mln Funding

Reksoft E-commerce Spin-off Closes $100 mln Funding, Reksoft spin-off and Russia’s leading online retailer, has announced that it has completed a $100 million funding round. This is the largest private investment the Russian e-commerce market has seen to date., developed and launched by Reksoft in 1998, is today the leading e-retailer in Russia with a turnover of $137 (FY 2010) and 5.2 million registered users. Ozon established itself early on as Russia’s first e-commerce site and, like Amazon in the US, over the years built a leading position in the dynamic Russian market. will use the newly-raised funds to further develop its fulfilment and distribution operations. Investments will also be directed to the development of its travel division,’s growth mirrors Russia’s accelerated path towards digitalization and the fast development of Russian e-commerce market. With about 60 million Internet users, Russia is Europe’s second-biggest Internet market after Germany and still has just 43 percent penetration.

Reksoft is proud of its’ spin-off success and congratulates the team that participated in’s coding, testing and business development from its inception to the present day.

Source: Reksoft
TAGS: Reksoft
CATEGORY: Outsourcing News

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