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Glossybox Gets Funding From Access Industries

Files under: News
Posted by: admin @ 14:18 [8. 03. 12]

Samwer brothers’ Rocket Internet-launched Glossybox has raised funding from Access Industries of Len Blavatnik. As a result, Access Industries obtained a 7% stake in GlossyBox. Its shareholders include Rocket Internet (57.5%), Kinnevik (24%), and Holtzbrinck Ventures (5%).

Similar to BirchBox in the U.S. and JolieBox in France, Glossybox sends its subscribers a box with samples of beauty products for EUR 10 per month. There is Glossybox for men. Glossybox is yet to be launched in Russia.

Access Industries recently invested in Rocket Internet-launched startups Pinspire (which is similar to Pinterest) and shopping club Westwing. The Russian-American industrialist Len Blavatnik is #72 on Forbes billionaires list with a net worth of $11.9 billion.

In 2011, Access Industries invested in Russian daily deal service Vigoda.ru and mobile taxi service GetTaxi.

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