Open Oil Market

Open Oil Market is a marketplace for petroleum products. There you can buy petroleum products in the amount of 5000 to 40,000 liters with delivery and pickup. All applications are issued in your personal account or in the mobile application. There you can also get information on the status of the order, primary and closing documents. Also, customers are available installments at 0% for 30 days and loans for the purchase of fuel. The funds are provided. banks Russia

History

2024: Announcement of 1 billion rubles pre-IPO

In April 2024, the company "UK Open Oil Market" announced plans to attract 1 billion rubles for its marketplace for the sale of petroleum products Open Oil Market. We are talking about the procedure for the preliminary placement of shares under a closed subscription (pre-IPO) with the support of the Skolkovo Foundation.

According to the founder and general director of Open Oil Market, Sergei Tereshkin, all the funds raised will be used to develop the business. In particular, about 453 million rubles will be allocated for sales and opening branches, 73 million rubles for marketing, 472 million rubles for product development and 260 million rubles for administrative expenses.

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Фото: Unsplash

The funds raised are also planned to be spent on the development of client service and the refinement of the digital platform, added Irina Belova, product director of UK Open Oil Market. According to her, in each Russian region it is planned to expand the supplier base. In addition, it is planned to create a large logistics unit - to build a carrier base, he added.

As part of the deal, a return on investment from the Skolkovo fund is possible, said Andrei Zverev, head of the department for investment in university startups of the Skolkovo fund. According to him, the university startup program provides for the opportunity for private investors to return 50% and more than 100% of the amount of personal income tax paid by the investor over the previous three years.^[1]

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