RDIF, Elbrus Capital, and Some SWFs Invest in VseInstrumenti.ru

Posted on 02/01/2022

The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), Elbrus Capital Fund III, and some Middle Eastern sovereign wealth funds including Mubadala Investment Company and Bahrain Mumtalakat Holding Company made an investment in VseInstrumenti.ru, a Russian online hypermarket specializing in DIY tools and materials. Investors became shareholders of VseInstrumenti.ru in late 2021.

VseInstrumenti.ru is the largest online retailer of DIY goods in Russia and one of the leaders in the Russian DIY market. VseInstrumenti.ru currently provides customers with access to products from several thousand global manufacturers and offers a unique technology platform for the traditional DIY market, which allows for the convenient and quick purchase of materials and tools via its website and mobile application. Currently, the company serves more than 3 million private, and 240,000 corporate customers, with its fulfillment infrastructure including more than 470 pick-up points in more than 200 cities throughout the country.

VseInstrumenti.ru will use the funds raised from investors to develop its fulfillment infrastructure and increase its range of products, which now includes more than 600,000 items. The funds will also be invested into the further expansion of its network of pick-up points in Russia.

Viktor Kuznetsov is the founder of the online hypermarket VseInstrumenti.ru. Elbrus Capital Funds are leading private equity funds focused on investments in Russia and the CIS. Elbrus Capital Funds have invested in over 25 platforms across different industries, including the leading players in the digital area (HeadHunter, CIAN Group, Banki.ru, Aviasales), FMCG (Great Beer Holding), outsourcing and logistics (DPD Russia, PickPoint, OSG Records Management), healthcare (Active Component, National Medical Network) and others.

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