Ozon is one of the first e-commerce companies in Russia , sometimes referred to as "the Amazon of Russia." Established in 1998 as an online bookstore, Ozon was one of the three biggest online retail platforms in the country by 2019. It was named as the #3 most valuable Russian internet company of 2020 by Forbes .
31-400: Ozon may refer to: Ozon (company) , Russian e-commerce company Places [ edit ] Ozon, Ardèche , a commune in the department of Ardèche, France Ozon, Hautes-Pyrénées , a commune in the department of Hautes-Pyrénées, France People [ edit ] François Ozon , a French film director and screenwriter Titus Ozon
62-446: A Romanian soccer player of the second half of 20th century Other [ edit ] Ozon Radio (disambiguation) , various radio stations Obóz Zjednoczenia Narodowego , a Polish political party See also [ edit ] Ozone Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Ozon . If an internal link led you here, you may wish to change
93-424: A cashback feature. Ozon has been operating a marketplace platform for third-party sellers since 2018. In June 2020, the marketplace had more than 13,000 sellers who accounted for more than 85% of the assortment on the site. In November 2021 “Ozon” announced the opening of pilot pickup mini-points, at least 15 square meters each, in small Russian towns from the beginning of 2022. In August 2022, Ozon announced
124-534: A large increase in the available assortment, the volume of orders more than doubled in 2019 to 32.2 million. In early 2019, the company launched a service called Ozon.Invest that grants loans to small and medium-sized businesses that sell their products on the Ozon marketplace. Ozon was also the first online retailer in Russia to launch consumer loans for multi-category online purchases, as well as its own debit card with
155-455: A network of over 16,000 pickup points, including automated parcel lockers across Russia, . The use of brick-and-mortar pickup points where customers can pick up their orders arose out of a lack of reliable third-party delivery services in many parts of Russia. In 2019, Ozon launched an express grocery delivery service in Moscow, and rolled out its contactless home delivery service, which became
186-399: A popular option during the coronavirus pandemic in the spring of 2020. In March 2020, Ozon announced plans to spend more than $ 300 million to expand its logistics in advance of a potential IPO . In October 2021, “Ozon Express” brand launched in Moscow inhouse ready-to-serve food production with one hour delivery with up to 30 dishes by the end of 2021. “Ozon Express” culinary production
217-408: A series of Russian chief executive officers, in 2005 Ozon appointed Bernard Lukey, who had advised the company on behalf of Baring Vostok . In 2011 Maelle Gavet became the new chief executive officer of Ozon. During her tenure, the firm worked to popularize e-commerce in the mainly cash-based Russian retail market. Gavet stepped down as chief executive officer in 2015; her deputy Danny Perekalsky
248-509: Is an associate of Putin and the FSB. Calvey maintained the charges were baseless, supported by a BBC investigation, and said the real reason for the arrest was Calvey was suing Avetisyan in a separate case in London, and winning, and Avetisyan used his connections with the FSB to have Calvey arrested in Russia. Avetisyan stood to gain 10s of millions if Calvey was convicted, and Calvey faced 10 years in
279-860: Is best known for its early stage investment in Russian search engine, Yandex , acquiring a 35.7% stake in the business in 2000. At the time of the Yandex IPO, Baring Vostok is estimated to have generated value of approximately $ 4 billion, representing a return on its original $ 5 million investment in excess of 800x. Among Baring Vostok's other investments are Volga Gas, Borjomi Mineral Water , Ozon.ru, Burren Energy , CTC Media , Centre of Financial Technologies, Enforta, ER-Telecom, 1C, Burren Energy, Novomet, Kaspi Bank, Orient Express Bank, Europlan, Novomet, Karo, Avito.ru, Tinkoff.ru, EMC and Golden Telecom , Verticali and marketing platform "Mindbox". Baring Vostok Capital Partners origins date back to 1994 with
310-411: Is expected to be available in other regions of Russia. In December 2021, "Ozon" announced to be ready to launch by the end of the year 2021 the 15-minutes delivery of groceries and pre-prepared food in 30 districts of Moscow by virtue of company`s darkstores. Ozon reported record sales growth during the coronavirus pandemic , as quarantine measures in Russia drove more people to shop online. During
341-806: Is known as GP Investments , a leading private equity firm in Brazil. Collectively, the firms represent over $ 12 billion in capital commitments as of the end of 2014. With offices in Moscow , the firm has raised over $ 3.7 billion across five investment funds . The firm’s name vostok is the Russian word for "east". Additionally, the Vostok spacecraft was the first manned spacecraft, operated by Russian cosmonaut Yuri Gagarin . The firms founder Michael Calvey and five colleagues were arrested in February 2019 for allegedly defrauding Russian businessman Artem Avetisyan who
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#1732793645126372-401: Is part of Ozon Group, which also owns the online travel booking platform Ozon. Travel and a stake in Russia's largest digital bookstore Litres. The current chief executive officer of Ozon is Alexander Shulgin, who joined the company after serving as chief financial officer and later chief operating officer of Yandex . In October 2020 it was reported that Ozon plans to hold an IPO in
403-637: Is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States . The Baring Vostok Private Equity Funds invest across a broad range of industries including oil and gas, consumer products, media and technology, telecommunications and financial services. The Investment Advisor of the Funds, Baring Vostok Capital Partners ( Guernsey ) several times since 2005 has been voted “Russian Private Equity Firm of
434-419: The Russian conglomerate Sistema and the Russian mobile operator MTS in 2014. MTS and Baring Vostok invested another $ 92 million into Ozon in 2018. In 2019, Boguslavsky sold his share in Ozon to the company's main shareholders, Baring Vostok and Sistema, for $ 70 million. In 2019 Ozon secured a $ 150 million round of financing with the participation of U.S. venture capital firm Princeville Capital, in what
465-594: The United States that could value the company at $ 3-5 billion. In November 2020, Ozon went public on the Nasdaq in an IPO that valued the company at $ 6.2 billion. Following the Russian invasion of Ukraine in February 2022, Nasdaq suspended trading in the company's securities and then announced its intention to delist. Ozon unsuccessfully appealed twice, and in October 2023 announced a voluntary delisting. Ozon.ru
496-660: The Western Baring Vostok Group , UFG and Rex Capital, purchased a controlling stake in the company for $ 3 million. In 2000, Baring Vostok became a controlling shareholder after investing $ 3 million into the company. In 2007, Ozon raised $ 18 million in a funding round led by the Geneva-based Index Ventures . In 2011, Ozon attracted $ 100 million in investment from Japanese e-commerce company Rakuten , Boguslavsky's ru-Net and others, followed by another $ 150 million funding deal with
527-667: The Year” by the readers of Private Equity International and Private Equity Online. The sub-advisor of BVCP has a branch office in Moscow with a team of 40 experienced investment professionals. From its founding in 1994 through 2004, the firm was a subsidiary of Baring Private Equity International which was an affiliate of Barings Bank . In addition to Baring Vostok, the affiliates of BPEP International include Baring Private Equity Asia as well as Baring Private Equity Partners India, founded in 1984. BPEP International's Latin America affiliate
558-586: The buyout of the management company, in 2005, the Baring Vostok Private Equity Fund III was raised with total committed capital of $ 413 million. In February 2007, the firm completed fundraising for its fourth private equity fund. Baring Vostok raised $ 1.1 billion of investor commitments for its main fund Baring Vostok Private Equity Fund IV. Together with a parallel fund, Baring Vostok Fund IV Supplemental Fund, which raised over $ 300 million of capital, Baring Vostok's fourth fund
589-425: The crisis, the company capped prices on the most sought-after goods to prevent price gouging by marketplace sellers and expanded its contactless home delivery service to limit the spread of infection. In July 2020, Ozon and four other Russian retailers commissioned a monument to delivery workers who continued to work during lockdown in Moscow. Baring Vostok Capital Partners Baring Vostok Capital Partners
620-452: The fire. The emergencies ministry initially said the fire had spread to an area of 35,000 square metres but later revised this to approx 50,000SQM. A fire-pumping station, an Mi-8 helicopter, two Ka-32 helicopters, 150 firefighters and 40 other pieces of equipment were deployed to the scene, it said. Ozon offers more than 9 million products across more than 20 product categories including clothing, groceries, home goods and electronics. After
651-656: The formation of the First NIS Regional Fund. The fund was a joint venture between Baring Asset Management and Sovlink, a Russian-American merchant bank. Baring Bank’s ties to Russia traced back several centuries and Barings was the primary international bank for the Russian Emperors. The First NIS Regional Fund was originally managed by a team of investment professionals from Barings and Sovlink including current Baring Vostok senior partner Michael Calvey. With $ 160 million of investor commitments,
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#1732793645126682-580: The fund ultimately returned $ 620 million to investors over the life of the fund. In 1997, Baring Vostok Capital Partners, became an affiliate of Baring’s BPEP International. Following the collapse of Barings Bank, the ownership of BPEP International was assumed by the Dutch bank ING Group . In 2001, the firm completed fundraising for the Baring Vostok Private Equity Fund. With $ 205 million of investor commitments, Baring Vostok’s
713-641: The launch of an ad service for the sale of goods from individuals. The pilot region was the Rostov region. Ozon developed its own fulfillment infrastructure to deliver orders in Russia's 11 time zones . In 2018 the company had seven fulfillment centers in the Moscow region as well as St. Petersburg , Tver , Kazan , Ekaterinburg , Rostov-On-Don and Novosibirsk . It more than doubled its fulfilment capacity in 2019 to almost 200,000 sqm, as well as investing in its last-mile delivery infrastructure. The company operates its own delivery logistics platform and has
744-455: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Ozon&oldid=980621971 " Categories : Disambiguation pages Place name disambiguation pages Disambiguation pages with surname-holder lists Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Ozon (company) Ozon
775-618: The notorious Matrosskaya Tishina where Sergei Magnitsky died in custody. Later the shareholders entered into a settlement agreement and publicly stated that their shareholder dispute was not related to the criminal investigation. After signing the settlement agreement, Baring Vostok returned 2.5 billion rubles to Vostochny Bank. In August 2021, the court found the top managers of Baring Vostok guilty of embezzling Vostochny Bank's funds and sentenced them to suspended sentences. Since inception, Baring Vostok has invested over $ 2.4 billion in 67 companies. Baring Vostok founded by Michael Calvey
806-423: The same period in the previous year. According to Daniil Fedorov, Ozon's chief financial officer at the time, the coronavirus pandemic created a new habit of shopping online among Russian consumers. On August 3, 2022, a large fire destroyed approx 50,000SQM of warehouse (Approx 1/3rd of the building) including the contents of the building the external walls and roof. At least one person died and 13 were injured in
837-499: Was appointed successor. Since 2017 the chief executive officer of has been Alexander Shulgin, the former chief financial officer and chief operating officer of the Russian tech company Yandex . In April 2022, Mr. Shulgin bowed out as CEO and member of the board of directors of Ozon due to international sanctions during the Russo-Ukrainian War . In 1999, ru-Net Holdings, founded by Leonid Boguslavsky along with
868-821: Was at the time the largest private equity fund in Eastern Europe. In October 2012, the Baring Vostok Private Equity Fund LP V was raised with total committed capital of $ 1.15 billion, which was, at the time, the largest amount raised for a deal of this kind in Russia. On 2 September 2019, the Russian Commercial Court of the Amur Region , Russia, ordered the seizure of the 41.6% share of equity in Vostochny Bank controlled by Baring Vostok. The seizure
899-469: Was established in 1998 as an online bookseller by the Russian software house Reksoft . The company soon expanded its assortment to CDs and DVDs before going on to sell a wide range of goods from clothing to electronics. In 2012, it acquired the shoe seller Sapato.ru and sold it in 2015 to the online fashion retailer KupiVIP. In 2014, it acquired a stake in Litres, a major Russia's e-book marketplace. After
930-440: Was reported to be one of the largest Russian tech investment deals involving Western backers since 2014. Ozon reported a "hypergrowth" stage in 2019 as sales for the year increased by 93% to $ 1.1 billion and the volume of orders more than doubled to 32.2 million. Company turnover by gross merchandise volume ( GMV ) grew 188% year on year in the second quarter of 2020 and reached RUB 77.4 billion by H12020, an increase of 152% from
961-666: Was the first foreign private equity fund raised in the aftermath of the 1998 Russian financial crisis . In May 2004, BPEP International completed a management buyout from ING Group , which resulted in Baring Vostok's partners purchasing ownership of its management company. At the same time, the firm's affiliates in Asia, India and Latin America completed similar buyouts of their respective firms. These companies subsequently continued their affiliation although each firm retained full ownership of their respective businesses. Following