The key asset of this business is a technology platform that tracks daily changes in the number of orders, reviews, and other metrics to more than 1 million products at Alibaba. Based on their dynamics, the platform also determines the quality of the product. By narrowing down the assortment of Alibaba by more than 100 times and receiving simultaneously large volume discounts when ordering from the same suppliers, the platform allows Russian users to choose quality goods and order them directly from a Chinese vendor.
Business: More than $3M revenue, zero profit, more than 5000 orders per month.
Deal: $5M cash-in to scale business in Russia.
Deal Industry: Internet
Deal Type: Venture investment