Lamoda, a Russian online fashion site, announced it has received a new $130 million investment led by Access Industries, Summit Partners and Tengelmann Ventures, reported TechCrunch. This round of funding represented the largest investment to date for a Russian eCommerce site.
A Blavatnik representative commented, “Lamoda is a dynamic e-commerce company with strong growth and an experienced management team.”
The Samwer Brothers-backed Lamoda told TechCrunch it would use the funding to further expand the company across Russia and into other markets such as Ukraine.
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