Published: April 27, 2011
Russian e-commerce business attracts three new investors.
KupiVIP, a Russian online retailer, has raised US$55mn to develop the company.
Along with existing investors including Accel Partners and Mangrove Capital Partners, the fund raising attracted three new investors: Balderton Capital, Bessemer Venture Partners and Russia Partners.
Last year the company raised US$20mn funding from its initial investors. Its 2010 revenue grew by 600% on the previous year.