Russian users prefer installment plans for online shopping

Users will most often take online loans to pay for household goods, educational services, and appliances, a Yandex.Checkout study reveals. An average one-time loan taken by a Russian customer amounts to about USD 350 (26 thousand rubles) and has a term of up to 6 months. The study covers payments made using the installments service... Continue Reading →

Russian marketplace Joom recruits French brands

Joom is a Russia-based marketplace, which can easily be compared to Wish, another popular online platform featuring millions of mostly Chinese-made products. Joom, founded in 2016, already offers 10,000 products from France and sees this market as a testing ground for scaling up sales of higher-value items that are made outside of China, Reuters writes. ‘If... Continue Reading →

Online car orders are taking off in Russia

Russian BMW aficionados can now pre-order online the brand’s new flagship BMW X7 – a model which will be made available at dealers only next spring. Buyers may go online to specify the desired type and features of the car, choose the nearest dealer, and pre-pay 150,000 rubles (a little less than $2,300 at the current exchange... Continue Reading →

Yandex and Sberbank launch two marketplaces, aim for e-commerce leadership

As the Russian e-commerce market is entering a new growth and concentration cycle, the joint venture formed by Yandex and Sberbank launched two online marketplaces over the past few weeks. One of them, dubbed ‘Beru’ (“I’ll take it”), became fully operational in early November, after five months of beta testing. The platform features “over 1,000 retailers and 600... Continue Reading →

Odnoklassniki launches marketplace in Kazakhstan

Odnoklassniki (OK), a major Russian language social network owned by Mail.Ru Group, has launched a marketplace in Kazakhstan in a bid to challenge Chinese and US global e-commerce giants. The OK marketplace intends to make available no less than 30 million items, including fashion items, electronics goods, home appliances, cosmetics, car spare parts and other... Continue Reading →

Russian business analytics startup raises $4 million to expand internationally

iTech Fund II and Skolkovo Digital (two funds managed by iTech Capital and Skolkovo Ventures, respectively), have jointly invested $4 million in Roistat, a Russian business analytics startup. The deal was reported by Rusbase, which cites exchanges with iTech Capital. Its terms were not disclosed. Founded in 2014 by German Gavrilov and Evgeniy Udodov, Roistat collects data from... Continue Reading →

Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly

Moscow-based grocery delivery service Golama has attracted 150 million ruble (approximately $2.3 million) in equity funding from an unnamed individual investor, according to media reports. The funding will be spent on expanding Golama’s network of partners, which include retail chains and stores, and its goods and services offer. Golama told Russian online tech resource Rusbase that the round was... Continue Reading →

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