About LitRes
LitRes is a company based in Moscow (Russia) founded in 2005.. LitRes has raised $5 million across 2 funding rounds from investors including Ozon. LitRes has completed 1 acquisition, including EDRK. LitRes operates in a competitive market with competitors including De Marque, RIDI, Open Road Integrated Media, BiblioOnDemand and Rawialkotob, among others.
- Headquarter Moscow, Russia
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Funding Insights of LitRes
LitRes has successfully raised a total of $5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - LitRes | Valuation |
investors |
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| Jun, 2014 | Amount | Series A - LitRes | Valuation | Ozon |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LitRes
LitRes has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ozon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-category consumer products are offered via an online marketplace.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LitRes
LitRes has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include EDRK. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Self-publishing platform for book publishers & authors
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LitRes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Litres Comparisons
Competitors of LitRes
LitRes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as De Marque, RIDI, Open Road Integrated Media, BiblioOnDemand and Rawialkotob, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital book reading solutions for e-books and audiobooks are provided.
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| domain | founded_year | HQ Location |
E-book store and digital reading services are operated by RIDI.
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| domain | founded_year | HQ Location |
Digital content marketing and advertising services are provided.
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| domain | founded_year | HQ Location |
Platform providing eBooks and audiobooks to universities,public libraries and other institutions
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| domain | founded_year | HQ Location |
Provides a distribution platform for digital content, including ebooks and audiobooks.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Litres
Frequently Asked Questions about LitRes
When was LitRes founded?
LitRes was founded in 2005 and raised its 1st funding round 9 years after it was founded.
Where is LitRes located?
LitRes is headquartered in Moscow, Russia.
Who is the current CEO of LitRes?
Sergey Anuriev is the current CEO of LitRes.
Is LitRes a funded company?
LitRes is a funded company, having raised a total of $5M across 2 funding rounds to date.
What does LitRes do?
LitRes, founded in 2005 is one of the leading retailers of ebooks in Russia. It is the winner of Runet Award 2014. It has a collection of more than 750,000 e-books in Russian and foreign languages, among which about 25 000 are free books. Each month, the company provides a new catalog of more than 2000 books. LitRes deals with the largest publishing houses in Russia (Eksmo, AST, Ripol Classic, myth, Azbuka-Atticus, Peter et al.) and many leading authors.The company has also developed an ebook reading applications LitRes.
Who are the top competitors of LitRes?
LitRes's top competitors include De Marque, RIDI and Open Road Integrated Media.
How many acquisitions has LitRes made?
LitRes has made 1 acquisition, including EDRK.
Who are LitRes's investors?
LitRes has 1 investor. Key investors include Ozon.
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