E-commerce company Ozon has invested an undisclosed amount in e-book retailer LitRes, which previously secured funding from RITF.
Ozon Holdings, one of Russia’s most established e-commerce players, has announced that it acquired a stake in LitRes, the leader in Russia’s fast growing – though still embryonic – domestic e-book market.
Neither the size of the stake nor the amount of the transaction has been disclosed.
Ozon presented the deal as a way “to further develop its digital content offer, to strengthen LitRes’s leading position on its market, and to consolidate efforts to develop a legal e-book market in…
