Mobile network operator MTS and holding company Sistema will each take a 10.8% share in Ozon, which is also set to form a sales partnership with MTS.
Russia-based e-commerce company Ozon Holdings has closed a $150m funding round from diversified holding company Sistema and mobile network operator Mobile Telesystems (MTS).
The two investors each took a 10.8% stake in Ozon for $75m. A representative from each company will join Ozon’s board, and MTS plans to collaborate with Ozon through a sales partnership.
Ozon secured $100m from Japan-based conglomerate Rakuten, Ru-Net, Index Ventures and Alpha Associates in a previous round in 2011, and has now raised about $270m…
