MainMarket in Brief

Rusbase

KazanExpress to Raise Investments from AliExpress Russia, Heads to Moscow

October 22, 2021, 15:00 (UTC+3)|
65

The KazanExpress marketplace plans to attract investments from AliExpress Russia and enter new regions, including Moscow.

By the end of this year, the AliExpress Russia trading platform will increase its controlling stake in the KazanExpress marketplace. At the same time, the attraction of funds will not affect the independence of the company.

It is expected that the new investment round will allow the marketplace to "become the leader in the number of orders among Russian sites by 2024." At the same time, KazanExpress plans to enter Moscow, St. Petersburg, Siberia, and southern regions. The construction of a new logistics complex with an area of ​​more than 1 million square meters has already begun. meters. KazanExpress currently owns pick-up points in 91 cities in 18 regions of Russia.


Connect with

Linar Khusnullin, General Director of KazanExpress


Earlier, AliExpress Russia has already invested billions of rubles in the marketplace, having received 30% of the company. The expansion of the company's ecosystem can also be traced. In particular, the launch of express delivery of groceries and goods, virtual kiosks and functionality for the self-employed. As for the IPO, the placement of shares is possible next year.

Original (in Russian)

Share:

Learn more about Moscow IT Market by subscribing to our newsletters

By clicking the button you agree to Privacy Policy

Unless otherwise stated, the content is available under Creative Commons BY 4.0 license

Supported by the Moscow Government