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Renaissance Capital: In conversation with Alexander Shulgin, CEO of Ozon

As part of Renaissance Capital’s 25th Annual Russia Investor Conference we hosted Alexander Shulgin, the CEO of Ozon, for a brief interview.

Ozon is one of the leaders in the Russian rapidly developing e-commerce market. The company had a successful IPO on NASDAQ last year and became of the most exciting stocks in the Russian tech sector. Ozon has almost doubled in value since its listing but continues to surprise to the upside in terms of its growth and aims to at least double GMV in 2021.

Among other things, Alexander talked about the key developments in the business since the IPO, utilisation of the company’s strong balance sheet and investments in infrastructure and technology, competitive dynamics, benefits of vertical integration, including fintech solutions, the current state of SMEs in Russia, the impact of a third wave of COVID-19, competition for IT talents and Ozon’s position in the battle of ecosystems.

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