Intel Capital and Runa Capital invest in Eruditor, Russia’s leader in online marketplaces for freelancers and businesses in healthcare, beauty, tutoring.
RUSSIA, October 16, 2012 – Intel Capital, Intel’s global investment and M&A organisation, today announced it has led $4M investment round in Moscow-based Eruditor, an online marketplaces provider for freelancers and businesses. Runa Capital joined Intel Capital in the financing round. Eruditor will use the investment to expand its team and grow existing and new verticals.
“Bringing businesses and freelance professionals online, and offering them a complete infrastructure for marketing their activities is a major enabler of entrepreneurship and online commerce,” said Arvind Sodhani, President of Intel Capital and Executive Vice President of Intel. “we look forward to applying our expertise and global network to help Eruditor take advantage of the great opportunities the Russian and CIS markets have to offer.”
Christian Morales, Vice President, Intel and General Manager of Intel Europe, Middle East and Africa added: “Intel is commitment to improving education globally and this is an important market for us. Eruditor’s tutoring vertical unites over 90 thousand education professionals in Russia and CIS and helps students find best match to address their educational needs, including through online tutoring platform Tutorion. We are very pleased to be contributing to this goal by investing in Eruditor and improving the educational landscape in Russia and CIS”.
Eruditor Group is a fast growing e-commerce company, which was established in Moscow in 2005 and became the leader in marketplaces across a variety of domains, including health, beauty, tutoring, sport instructors, etc. Eruditor offers comprehensive search, reviews and rating system to enable finding for most suitable service provider. Eruditor currently operates under several brands including Infodoctor, Kracemasters and Vash Repetitor, offering its services to professionals and businesses in all major cities of Russia, Ukraine and Kazakhstan.
“Eruditor team is excited to have Intel Capital and Runa as our investors,” said Egor Rudi, CEO and co-founder of Eruditor. “I look forward to growing our business together to reach new customers and geographies and applying our investors expertise in scaling e-commerce companies in Russia and globally.”