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Files under: News
Posted by: admin @ 17:13 [4. 02. 13]
 The French venture capital firm has invested $3 million in TrendsBrands, a Russian online retailer of designer clothes. TrendsBrands existing Russian investors Kite and ru-Net put $1 million more into the round that valued the business at some $8 million to $10 million post-money, according to newspaper . In 2011, the two firms invested $1 million in TrendsBrands that generated sales turnover of some $10 million last year.
Launched in June 2011, sells both Russian and western designer clothes using concept of “high fashion, low price”. It also operates two stores in Tsvetnoy Central Market, a shopping center in Moscow downtown. Referred by some as a copycat of , a British fashion online retailer, TrendsBrands is headed by CEO Anastasia Sartan.
According to a recent report from Morgan Stanley, the Russian e-commerce market will increase from $12 billion in 2012 to $36 billion in 2015.
In Russia, Ventech has invested in online hotel booking service , social games publisher and women-centric online portal .
Tags: Anastasia Sartan, Asos Russia, Kite ru-net TrendsBrands, TrendsBrands, TrendsBrands 3m, TrendsBrands 4m, TrendsBrands CEO, TrendsBrands.ru, Ventech, Ventech Russia, Ventech TrendsBrands
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