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Files under: News, Web 2.0
Posted by: admin @ 08:28 [20. 12. 10]
 The leading Russian online shopping club KupiVIP.ru was founded in late 2008, less than one year after its German counterpart, brands4friends went live. Online auction and shopping giant, eBay has entered the online shopping club market by acquiring brands4friends, which has 3.5 million members, for $200 million.
The deal will imply that the Russian online shopping club, KupiVIP.ru, which has some 3 million members (up from 1.3 million in January 2010), should be valued at over $200 million, if it were to get acquired.
KupiVIP.ru was founded by Oskar Hartmann in 2008. The company raised over $31 million in several rounds of venture capital funding from Accel Partners, Mangrove Capital, ABRT and Arlan as well as several European ‘angel’ investors Oliver Jung and Klaus Hommels. The leading European early-stage venture capital investor Mangrove Capital Partners also invested in brands4friends.
  
Tags: brands4friends, brands4friends kupivip, eBay brands4friends, ebay brends4frends, eBay Russia, KupiVIP CEO, KupiVIP founder, KupiVip funding, KupiVIP.ru, onlin shopping club Russia, Oskar Hartmann, Russian shopping club
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