Cisco begins VC investing in Russia, announces deal: $18M in e-commerce site, Ozon
Cisco Systems has started a venture capital initiative in Russia, and the giant San Jose, Ca. networking company announced its first deal: Russian e-commerce site, Ozon.
Cisco hired a full-time investment manager, based in Moscow, the company said in a statement sent to VentureBeat yesterday.
It said it has made an investment in Russian e-commerce site, Ozon.ru, alongside Index Ventures, a venture firm which led the $18 million investment in the company. Index calls the site the… Continue Reading