KupiVIP Raises $55 Million of Series C Funding
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Moscow, Russia – KupiVIP, an online shopping club in Russia which provides online sales in designer brands and fashion accessories with discounts of up to 70% off boutique prices has raised $55 M of series C funding, a record breaking funding in the russian e-commerce. The venture capital funding came from new backers Balderton Capital, Bessemer Venture Partners and Russia Partners. Existing investors including Accel Partners and Mangrove Capital Partners also participated in the funding.
The funding will be used to fund more goods and more discounted designer fashion and luxury brands. KupiVIP is dubbed as the Amazon in Russia due to its rapid growth and seed funding.
Funding Total: $55,000,000
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|Investors: Balderton Capital, Bessemer Venture Partners, Russia Partners, Accel Partners, Mangrove Capital Partners|