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Magnit

1 Disclosed Funding Rounds $2,450,000,000

0 Participating Investments


Food and Beverage, Consumer Goods, Retail

Magnit retail chain is a food retailer that specializes in providing high-quality convenience goods.

Krasnodar, Krasnodar, Russian Federation, Europe (RU)

Organizations in Krasnodar in Food and Beverage,
Organizations in Krasnodar in Consumer Goods,
Organizations in Krasnodar in Retail,
Organizations in Krasnodar in Food and Beverage,
Organizations in Krasnodar in Consumer Goods,
Organizations in Krasnodar in Retail,
Organizations in Russian Federation in Food and Beverage,
Organizations in Russian Federation in Consumer Goods,
Organizations in Russian Federation in Retail,
Organizations in Europe in Food and Beverage,
Organizations in Europe in Consumer Goods,
Organizations in Europe in Retail

Investors in Krasnodar in Food and Beverage,
Investors in Krasnodar in Consumer Goods,
Investors in Krasnodar in Retail,
Investors in Krasnodar in Food and Beverage,
Investors in Krasnodar in Consumer Goods,
Investors in Krasnodar in Retail,
Investors in Russian Federation in Food and Beverage,
Investors in Russian Federation in Consumer Goods,
Investors in Russian Federation in Retail,
Investors in Europe in Food and Beverage,
Investors in Europe in Consumer Goods,
Investors in Europe in Retail

Founded date 01, 1994

Founders Sergey Galitsky

Operating Status Active

Funding Stage IPO

Last Funding Type Post-IPO Equity

Company Type For Profit


Twitter Link

LinkedIN Link

Wikipedia Link

Magnit retail chain is a food retailer that specializes in providing high-quality convenience goods. The mission of "Magnit" retail chain is to improve consumer welfare providing them with high-quality convenience goods at reasonable prices. The target audience of the company are customers with different income, the company is operating in four different formats: convenience store, hypermarket, "Magnit Family" store and cosmetics store. "Magnit" is the leader by the number of food stores and their geographical coverage. The company's chain of stores included 8093 stores as of December 31, 2013, of which: 7200 convenience stores, 161 hypermarkets, 46 "Magnit Family" stores and 686 "Magnit" Cosmetic stores. "Magnit" retail chain operates in 1868 locations in Russia. The vast covering territory lies west and east from Pskov to Nizhnevartovsk, north and south from Arkhangelsk to Vladikavkaz. The majority of stores are located in Southern, North Caucasian, Central and Volga Federal Districts. There are "Magnit" stores in Northwestern, Ural and Siberian Districts. The company opens its stores both in cities and small locations. Approximately two-thirds of stores are located in towns with the population less than 500 000 people. High-performance logistics enables efficient delivery of goods to the stores network. The company has developed the distribution network of 22 distribution centres for more effective storage of goods and optimization of their transportation to the stores. It also owes the large fleet of 5577 vehicles which ensures an on-time goods delivery to all stores.

Date Round Raised Lead
February, 16, 2018 Post-IPO Equity $2,450,000,000 VTB Bank

Magnit Investors (1)

Investor Lead? Round Participating Raise Date Partners
VTB Bank Yes Post-IPO Equity $2,450,000,000 February, 16, 2018 -------