A “unified end-to-end system for intercepting and tracing vehicles” is being deployed on the roads of a huge region of Russia: the Central Federal District (CFD), which spans across 650,200 square kilometers. Dubbed ‘Web’ (Паутина), this software platform is connected with road traffic operational services, allowing the authorities to trace and analyze “the movements of …
Emerge, a major conference held last week to highlight the startup and venture scene of the ‘New East,’ has published a selection of 100 promising startups from the region. Touted as having a unicorn potential, these startups were selected according to a variety of criteria — in particular, company maturity (up to three years of age), …
Startup report highlights 100 “unicorns-to-be” from Eastern Europe Read More
The Russian venture scene is tiny, but vigorous: several new funds were announced over the past few weeks, targeting a variety of sectors and geographies, sometimes with very specific approaches.. 10 billion rubles for Russian tech startups One of these new funds was announced by TealTech Capital, a PE/VC firm owned by Yury Alasheev, Andrey Ivashchenko and Andrey …
Earlier this month Russian delivery service Broniboy raised 100 million rubles ($1.35 million at the current exchange rate) at a 3 billion ruble valuation ($40 million), reports Rusbase. This fast-growing company, which already operates in six Russian cities including Moscow, raised 130 million in a previous round, and plans to attract an additional 800 millions rubles next year. …
Moscow Exchange has taken control of Inguru, a major marketplace for insurance and banking products. As a result of the transaction, Moscow Exchange has got a 70% stake in the company, and could increase it to 100% over a period of five years. The financial terms of the transaction have not been disclosed, but Moscow …
Moscow Exchange acquires banking and insurance marketplace Read More
BBC has launched a radio series on “The Real Internet Giants” covering leading tech scenes across the world. Following China, the second instalment of the series looks at Russia. This episode uncovers who the movers and shakers of Russia’s internet landscape really are, finds out where the country is leading on cyber innovation and consider …
The Moscow Department of Transport has launched a car-sharing platform, which it says is similar to US service Turo. Currently in test mode with 100 participants, the app is available on the App Store and Google Play. Dubbed Ruli (‘Drive’), this new service allows individuals to rent their car when lying idle on parking lots. Through the …
Car-sharing service “for the people” launches in Moscow and St. Petersburg Read More
Sber and Mail.ru Group are not on the brink of divorce, said Sber’s chairman Herman Gref in a media interview last week, dismissing repeated rumors and reports. Gref conceded that “complex problems” do occur with Mail.Ru, since their respective ecosystems partly intersect, but “we have very good relations and do find solutions.” There is less …
Sber chairman concedes “complex problems” with Mail.Ru, but dismisses divorce rumors Read More
Digital Primorye, a smart city solution provider launched by the Far East High Technology Fund (FEHTF) and VessoLink Group, is working on some 30 projects to develop digital services and high tech systems in such sectors as transport, public utilities, education, health care, and more.. These projects are taking shape in Primorye, a Far Eastern Russian region that …
Private-public partnership launches $69 million smart city program in Russia’s Far East Read More
Two acquisitions were announced yesterday in the Russian fintech space. Yandex, the NASDAQ-listed digital major, agreed to fully purchase Acropol Bank. The deal, which is still subject to regulatory approval, amounts to 1.1 billion rubles (approximately $14.7 million). “The strategic rationale for the transaction is to obtain a banking license required to develop the Yandex fintech vertical and launch comprehensive …
Russia’s CS Group and Philax have just unveiled their first B450 motherboard, ready to take AMD Ryzen CPUs, making “at least” 40,000 motherboards and 50,000 monitors. Russia wants to lessen its reliance on securing products internationally, so making them in-house is the first step with the introduction of the new B450-based motherboards and 50,000 monitors …
GrainRus, a Russian importer and producer of raw materials for the brewing and dairy industry, has become a limited partner (LP) of a Hong Kong and US-based foodtech fund. Lever VC was launched in 2018 to invest in the alternative protein space. Its team includes early investors in Beyond Meat, Impossible Foods, Memphis Meats and other …
Russian agroindustrial major GrainRus invests in international foodtech fund Read More
