East-West Digital News 25 October 2012
KupiVip Holding, the owner of the largest online fashion shopping club in Russia, has raised $12 million from Warsaw-headquartered MCI Management, a multi-stage technology private equity group operating in Central and Eastern Europe.
The investment will be used for various purposes, KupiVip stated, from “further development of order fulfillment capacities to business growth, with the launch of new websites.”
Since its foundation, the KupiVip holding has attracted total investments of nearly $140 million, including the present round, from leading Russian and foreign investors. In June of this year, the company completed a $38 million Series D funding deal.
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