East West Digital News 23 May 2012
HomeMe.ru, a website offering furniture and some home accessories, announced last week it has raised $5 million in a Series A round of financing from Russian venture funds AddVenture and ABRT, as well as from Mangrove Capital Partners, a fund headquartered in Luxembourg.
Launched in early 2012, HomeMe.ru currently has an assortment of 2,000 stock keeping units (SKUs) in the lower to medium price segments, founder Oleg Pai told East-West Digital News.
Using the existing delivery and assembly capacities of Pai’s other furniture businesses, HomeMe.ru serves Moscow and its surroundings. As early as next year, the company plans to deploy in five more large Russian cities, including St. Petersburg.
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