Russian oil oligarch Leonard Blavatnik's Access Industries has contributed to a $130 million (£83 million) funding in the country's online fashion and beauty retailer Lamoda.
The cash-for-equity investment is the largest fund raising in a Russian ecommerce site to date. It exceeds 2011's $100 million fund raising by Ozon, the largest Russian online retailer and which sells books, music, DVDs and electronics.
US investment firm Summit Partners and German retailer Tengelmann also contributed to the fund raising. Blavatnik, the London-based US citizen, sold his stake in Russian oil giant TNK-BP in March for $7 billion. Access Industries also completed a purchase of Warner Music Group in 2011.
Lamoda will use the money to expand in Russia and establish its next-day delivery service. Other earlier investors in the firm include Germany's Rocket Internet, JPMorgan Chase and Swedish investment firm AB Kinnevik.
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