Russian Furniture E-Commerce Company Mebelrama Raises $10 Million
One of the portfolio companies in the startup incubator company Rocket Internet called Mebelrama has raised $10 million. Mebelrama is a furniture and household goods e-commerce company. This round of funding will go towards expanding their goods. They will also move to a new warehouse and build their distribution beyond Moscow.
The company is expecting their revenue to increase to around $500 million by 2015. This is Mebelrama’s second round of funding received from Rocket Internet.
The company officially launched in September 2011 and they raised between $4 and $6 million in the same year. Another Rocket Internet company called Lazada raised $26 million earlier this week.