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Ozon is one of the first e-commerce companies in Russia, sometimes referred to as "the Amazon of Russia." Established in 1998 as an online bookstore, Ozon was one of the three biggest online retail platforms in the country by 2019. It was named as the #3 most valuable Russian internet company of 2020 by Forbes.

Ozon is part of Ozon Group, which also owns the online travel booking platform Ozon. Travel and a stake in Russia's largest digital bookstore Litres. The current chief executive officer of Ozon is Alexander Shulgin, who joined the company after serving as chief financial officer and later chief operating officer of Yandex.

In October 2020 it was reported that Ozon plans to hold an IPO in the United States that could value the company at $3-5 billion. In November 2020, Ozon went public on the Nasdaq in an IPO that valued the company at $6.2 billion.

On August 3rd 2022 a large fire destroyed approx 50,000SQM of warehouse (Approx 1/3rd of the building) including the contents of the building the external walls and roof. At least one person died and 13 were injured in the fire. The emergencies ministry initially said the fire had spread to an area of 35,000 square metres but later revised this to approx 50,000SQM. A fire-pumping station, an Mi-8 helicopter, two Ka-32 helicopters, 150 firefighters and 40 other pieces of equipment were deployed to the scene, it said.

Ozon developed its own fulfillment infrastructure to deliver orders in Russia's 11 time zones. In 2018 the company had seven fulfillment centers in the Moscow region as well as St. Petersburg, Tver, Kazan, Ekaterinburg, Rostov-On-Don and Novosibirsk. It more than doubled its fulfilment capacity in 2019 to almost 200,000 sqm, as well as investing in its last-mile delivery infrastructure.

The company operates its own delivery logistics platform and has a network of over 16,000 pickup points, including automated parcel lockers across Russia, . The use of brick-and-mortar pickup points where customers can pick up their orders arose out of a lack of reliable third-party delivery services in many parts of Russia. In 2019, Ozon launched an express grocery delivery service in Moscow, and rolled out its contactless home delivery service, which became a popular option during the coronavirus pandemic in the spring of 2020.

In March 2020, Ozon announced plans to spend more than $300 million to expand its logistics in advance of a potential IPO.

In October 2021, “Ozon Express” brand launched in Moscow inhouse ready-to-serve food production with one hour delivery with up to 30 dishes by the end of 2021. “Ozon Express” culinary production is expected to be available in other regions of Russia.

In December 2021, "Ozon" announced to be ready to launch by the end of the year 2021 the 15-minutes delivery of groceries and pre-prepared food in 30 districts of Moscow by virtue of company`s darkstores.

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