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Russia's Ozon Targets Expansion Following Funding Boost

Published on Apr 1 2020 12:59 PM in Technology tagged: Trending Posts / Russia / Paywall / Ozon / Princeville Capital

Russia's Ozon Targets Expansion Following Funding Boost

Russian e-commerce firm Ozon plans to expand its fulfilment centres, grow its last-mile infrastructure and unveil a new range of products and services following the announcement that it has raised $150 million (€137 million) in its latest round of financing.

The firm raised $50 million from Princeville Capital, a US-based investment firm, it said, as well as $100 million from existing investors – funds advised by Baring Vostok Capital Partners and Sistema PJSFC.

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