Chip Shot: Intel Capital invests in Russian Fashion Ecommerce

Intel Capital has led a $38 million investment round in Moscow-based KupiVIP Holding, an operator of popular Russian fashion ecommerce websites. The company operates, the largest online Russian shopping club that offers over 1,500 brand name designer fashions and accessories at up to 90% off through daily flash sales. KupiVIP also operates which provides a wide assortment of fashion products, as well as white label ecommerce services to global fashion brands to help them operate online stores in Russia. Intel Capital’s investment in KupiVIP follows the organization’s 2011 investment in Sapato, another leading ecommerce retailer in Russia specializing in footwear, which was recently acquired by Ozon.