Investment company Zoom Capital established by businessmen Vadim Kurin and Gregory Berenstein, invested $30M in an online store All Instruments. The total cost of the company, thus, was estimated at $120M and that is the annual turnover of the company. The money was given in exchange for a blocking stake.
All Instruments intends to spend the bulk of the investment on the optimization of logistics, and on further technological development and expansion of the regional retailer network.
Online store All Instruments was opened in 2007. 15 people had worked for the company at that time. The first retail store was opened in Moscow two years after the launch. There will be several more offline stores in the future. You can order online everything for the construction and repair, store assortment includes more than 25K items of different products from more than 300 domestic and foreign manufacturers.
Our goal is to become a leader of the online market and achieve a turnover of $1B by 2015. We plan to spend $100M on business development in three years and it will be funds of investors and the company founders, - the founder and CEO of All Instruments Viktor Kuznetsov said.
Investment company Zoom Capital invests in projects in IT, consumer market and financial services.