Russia: Instamart secures $1.6m investment from Mail.Ru Group

Russia: Instamart secures $1.6m investment from Mail.Ru Group

A cashier displays Indian rupee banknotes inside a bank in Jammu Photo: Reuters

Moscow-based Instamart, which organises food deliveries from offline retail outlets, has closed a 100 million rubles ($1.64 million) investment from Mail.Ru Group and Ilya Yakubson. This brings the aggregate equity funding raised by the company to $2.1 million.

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