KupiVIP, The Gilt Groupe of Russia, Raises Another $38M Led By Intel For Its Fashion-Forward E-Commerce Juggernaut

In the same week that Fab snapped up UK design site Llustre and set its sights on more European expansion, some growth news from another big online fashion commerce player: KupiVIP, the Gilt Groupe of Russia, has raised another $38 million in funding to help fuel a business that CEO and co-founder Oskar Hartmann told TechCrunch is on track to make $200 million in net sales this year, on revenues of $300 million. The round was led by Intel Capital, with participation from new investors Acton Capital Partners and the European Bank of Reconstruction, as well as existing investors Balderton Capital and Accel Partners, and will be used to expand the company's business in Russia and the CIS. That will include the launch of more websites to complement KupiVIP's flash sales site, luxury goods site, full-price sales site, and white-label business; as well as expanding its logistics business.

current time a thousand words my sisters keeper kirby sarah palin muhammad ali cbi