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Russian Online Shopping Club Secures $8 Million VC Funding

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This is turning into a genuine investment trend across Europe: online shopping club has managed to raise $8 million (£5.49 million) in second round funding from VC firm Mangrove Capital Partners, Arlana and ABRT, as Yakov reports. The Privat Trade-owned company has grown to 200,000 registered users since its launch last October and raised $3 million (£2.8 million) first round funding from the same investors.

It is the latest online shopping club to win big funding, following German fashion shopping club Brands4Friends which <a href="" title="received