42244 13 3 econsultancy_xml <p>Giuseppe Zocco of <a href="http://www.indexventures.com/cgi-local/ivw_home.cgi">Index</a> believes Russian etailing is ripe for investment: </p> <blockquote> <p> <em>“The OZON.ru team has done a terrific job in building the leading e-commerce site in Russia, and we believe it has the assets to become one of the most important European companies in this space.</em> </p> <p> <em>“This investment in OZON.ru demonstrates our strong belief that Russia has the market, technology and entrepreneurs to create world-class startups and we aim to continue investing in this geography.”</em> </p> </blockquote> <p>Internet use and broadband penetration is growing fast in Eastern Europe and Russia. </p> <p>According to a <a href="/blog/1003-uk-broadband-connections-up-by-a-third">recent Point Topic survey</a>, broadband connections in the region grew by 14.2% in Q4 2006, the highest increase of anywhere in the world. </p> <p>Russia, Poland and Romania added a combined 2.8m new broadband subscribers in the three months.</p> <p>The Russian e-commerce market is also growing fast – a recent report by Russian search portal <a href="http://www.yandex.com/">Yandex</a> showed that the market grew by 42% last year - a much higher growth rate than the EU's overall 25%. </p> <p>Founded in 1998, Ozon.ru is the most popular e-commerce site in Russia, with over 120,000 unique visitors daily. </p> <p>The investment also follows the launch of Index Ventures' fourth technology fund, which we <a href="/blog/832-interview-saul-klein-venture-partner-at-index-ventures">interviewed</a> venture partner Saul Klein about in February.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph>Giuseppe Zocco of <Link URL="http://www.indexventures.com/cgi-local/ivw_home.cgi" Window="New">Index</Link> believes Russian etailing is ripe for investment: </Paragraph> <Block> <Paragraph> <Quote>“The OZON.ru team has done a terrific job in building the leading e-commerce site in Russia, and we believe it has the assets to become one of the most important European companies in this space.</Quote> </Paragraph> <Paragraph> <Quote>“This investment in OZON.ru demonstrates our strong belief that Russia has the market, technology and entrepreneurs to create world-class startups and we aim to continue investing in this geography.”</Quote> </Paragraph> </Block> <Paragraph>Internet use and broadband penetration is growing fast in Eastern Europe and Russia. </Paragraph> <Paragraph>According to a <Link URL="/blog/1003-uk-broadband-connections-up-by-a-third" Window="New">recent Point Topic survey</Link>, broadband connections in the region grew by 14.2% in Q4 2006, the highest increase of anywhere in the world. </Paragraph> <Paragraph>Russia, Poland and Romania added a combined 2.8m new broadband subscribers in the three months.</Paragraph> <Paragraph>The Russian e-commerce market is also growing fast – a recent report by Russian search portal <Link URL="http://www.yandex.com/" Window="New">Yandex</Link> showed that the market grew by 42% last year - a much higher growth rate than the EU's overall 25%. </Paragraph> <Paragraph>Founded in 1998, Ozon.ru is the most popular e-commerce site in Russia, with over 120,000 unique visitors daily. </Paragraph> <Paragraph>The investment also follows the launch of Index Ventures' fourth technology fund, which we <Link URL="/blog/832-interview-saul-klein-venture-partner-at-index-ventures" Window="New">interviewed</Link> venture partner Saul Klein about in February.</Paragraph> </FormattedContent> 2007-04-02T18:09:00+01:00 1 1 econsultancy_xml <p> <strong>Rusian book, music and game retailer Ozon.ru has landed £9.1m in an investment round led by Index Ventures, and also involving Holtzbrinck Ventures and Cisco Systems.</strong> </p> <p> <a href="http://www.ozon.ru/">Ozon.ru</a> intends to use the capital to develop its logistics, expand product lines and establish new distribution centres across Russia.</p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Rusian book, music and game retailer Ozon.ru has landed £9.1m in an investment round led by Index Ventures, and also involving Holtzbrinck Ventures and Cisco Systems.</Emphasis> </Paragraph> <Paragraph> <Link URL="http://www.ozon.ru/" Window="New">Ozon.ru</Link> intends to use the capital to develop its logistics, expand product lines and establish new distribution centres across Russia.</Paragraph> </FormattedContent> false 1016 <p>Related Econsultancy reports include our <strong><a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a></strong>, <strong><a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a></strong> and <strong><a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a></strong>. See also the <strong><a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a></strong>.</p> <p>Related Econsultancy reports include our <strong><a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a></strong>, <strong><a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a></strong> and <strong><a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a></strong>. See also the <strong><a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a></strong>.</p> 363010 Index invests in 'Russian Amazon' false 2007-04-03T10:01:00+01:00 index-invests-in-russian-amazon 2009-04-30T02:09:49+01:00 2009-10-13T08:58:05+01:00 758