Russia eCommerce Company Ozon completes US IPO

Russia eCommerce Company Ozon completes US IPO

 

Our affiliated partner Princeville Global has invested in Ozon since Aug 2019. Ozon completed its US IPO on 25 Nov 2020 with fund raised at USD 990 million.

Ozon is a leading multi category eCommerce player and the largest independent eCommerce logistics provider in Russia, with a market cap of USD 7 billion. The COVID-19 accelerates the change of consumption habit from offline to online. Ozon’s gross merchandise value (GMV) and revenue rose by 142% and 70% year on year during the first nine months of 2020.

Princeville Global is a strategic partner of VMS Group, invests in growth-stage technology companies around the world.

If you would like to hear the latest updates on the Firm and the Fund, please feel free to contact our Investor Relations team at IR@VMSIG.COM.