The computer chip giant’s venture arm was joined by Acton Capital Partners and the European Bank for Reconstruction and Development, as well as existing shareholders Accel Partners and Balderton Capital.
KupiVIP has now raised a total of $124m from investors since its launch in 2008.
The online shopping club has more than eight million users across a trio of websites, and is planning to list on the New York Stock Exchange within the next two years.
Intel Capital Russia investment director Igor Taber said, “Russia is now the largest internet market in Europe and KupiVIP is well positioned to take full advantage of this opportunity.”
Intel Capital’s Asia Pacific managing director Sudheer Kuppam said $17m would be earmarked specifically for South East Asia due to its high growth.
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