Thursday, June 9, 2011

Sapato.ru, The ?Zappos Of Russia?, Raises $12 Million From Intel, Others

Sapato.ru, a Russian online shoe retailer, this morning announced that it has secured $12 million in additional capital from Intel Capital, with existing investors Direct Group, eVenture Capital Partners and Kinnevik participating. The round brings Sapato.ru's total of funding to approximately $20 million. The investments will be used for expanding the assortment range, marketing and to improve customer service through enhancement of the startup's CRM platform.

Soft Cell Beyoncé Nelly Furtado Leeann Tweeden Bali Rodriguez

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