Thursday, October 20, 2011

Wikimart will receive an additional $ 7 million investment

American fund Tiger Global continues to invest in the Russian marketplace, which positions itself as a 'Russian Amazon ". In May last year Wikimart received from the investor's $ 5 million, which were aimed mainly at staff recruitment and internet marketing. After the second round of investment share of Tiger Global exceed 50%. Wikimart - an additional channel for online sales for retailers. Marketplace receives from 3% to 30% on each transaction. According to Vedomosti newspaper, in December 2010 sales by Wikimart reached $ 2,5 million on the trading floor were more than 2 thousand vendors.

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