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Last week Estonian startup Fits.me has closed 5,5 million Euro round of investment (the first 1,5 million Euro was announced in early 2012). TechCrunch has details. The really interesting part is that the company now allows users of websites such as Thomas Pink try the garments on virtually by choosing their dimensions and size of the particular piece to see an image of how such garment would look on them.
Another important piece of news is that Amazon has finally entered Russian market. For now it appears as if it plans to sell electronic books via its Kindle division. Russia due its physical size and mediocre postal delivery network is a challenging market for any ecommerce business. The leading Russian ecommerce business Ozon, which has raised $121 million in funding, has its own product delivery capabilities, as does Russia’s leading online shopping club KupiVIP. More here.
Russian payment transfer business QIWI, which operates a diverse net of payment kiosks plans to raise $216 million on NASDAQ at a valuation of nearly a $1 billion, according to Reuters. Selling shares n the companies are its founder Andrey Romanenko and Mail.ru Group.
Arctic Startup published a detailed overview of the Baltic startup scene here, naming major investors and up-and-coming teams in each of the three countries.
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