Russian citizens will soon be able to buy various goods using QR code-based shop-windows, the business daily Vedomosti reported last week. Russian Railways and the Moscow subway are said to be among the first agencies slated to install such windows on their premises. The former is also planning to put advertisements with QR codes into …
The US-based Internet company ReachLocal, which specializes in context advertising tools, has launched a Russian subsidiary, Digit.ru reported this Monday. In its first year on the Russian market the company expects to post €10 million in revenue, said Nataliya Matusova, general manager of ReachLocal’s Russian branch, at a press-conference in Moscow. Although its Moscow subsidiary was …
Context ads managing service ReachLocal enters Russian market Read More
Leading Russian Internet group Mail.Ru Group announced yesterday that it has poured $1.5 million into the Israeli visual search developer Cortica. The funding is part of a larger round led by other undisclosed investors; it brings the total amount attracted by Cortica to more than $12.5 million. The investment in Cortica allows Mail.Ru Group to …
Mail.Ru Group invests $1.5m in visual search provider Cortiсa Read More
HSE Inc., the startup incubator of Moscow’s Higher School of Economics, has concluded the 2012-2013 season of its Iron Entrepreneur business game for aspiring entrepreneurs from Russia, Ukraine, Belarus, and Kazakhstan. In the finals, 91 participants had two days to develop business solutions based on Qmodule, a wireless technology that allows users to control different objects. …
Moscow-based social network advertising platform Hiconversion announced last week that it has received about 9.1 million rubles (almost $300,000) in seed funding from serial angel investor Igor Ryabenkiy and the Moscow Seed Fund, Moscow City’s venture investment arm. Ryabenkiy contributed some 3 million rubles, while the fund provided the other 6 million. The company’s total …
HSE-backed startup Hiconversion lands $300,000 in funding Read More
Moscow-based e-learning startup YaKlass has announced that it has secured a seed funding round from Latvia’s Data Pro Group, Russia’s Vesna Investment and entrepreneur Nikita Khalyavin, CNews.ru revealed last week. The amount of the investment has not been disclosed, but CEO Valeriy Nikitin told East-West Digital News that it valued YaKlass at $2 million.
RT-Invest, the investment arm of the Russian Technologies State Corporation, has launched a closed private equity fund called “RT-Invest Global Technology I.” The new fund is in fact a sub-fund of the $400 million Global Technology Fund, explained RT-Invest PR representative Victoriya Mikhalchenko in an exchange with East-West Digital News. It was created to invest …
RT-Invest launches later-stage IT fund for Russian and foreign companies Read More
Last week the Russian search giant launched an Android app for its Yandex.Music service. The news from Yandex came just one day after an Android app with similar features was officially announced by Mail.Ru Group — Yandex’s arch-rival on the Russian Internet scene — for its Moi Mir social network. The search giant claims its …
Yandex and Mail.Ru Group tap into Android music apps Read More
Luxoft, a major offshore software developer headquartered in Moscow, announced yesterday that it has filed a registration statement for a proposed initial public offering of its Class A ordinary shares. The book-running managers in the operation will be UBS Limited, Credit Suisse, J.P. Morgan, VTB Capital, and Cowen and Company. According to the filing, Luxoft …
Russian offshore software developer Luxoft heading toward New York IPO Read More
The Grishin Robotics investment company, established by Mail.ru Group CEO Dmitry Grishin, announced yesterday that it has invested $500,000 in Swivl, a robotic video platform for iOS devices. This funding round brings the total capital attracted by Swivl to $1.625 million. California-based Swivl produces robotic docks compatible with the iPhone and iPad that can play …
Grishin Robotics invests $500,000 in Swivl video docking station Read More
Last week, PayPal received its license as a “Non-Credit Banking Institution” (NCBI) from the Central Bank of Russia. The international online payment giant is now allowed to work in accordance with the country’s law on payments, which was enacted in 2011. The first step of the approval procedure was completed in March. “PayPal Russia is now preparing its …
PayPal receives license from Russian central bank; plans official launch “later in 2013” Read More
Cisco Systems has launched manufacture of its 2600 series access point in Tver, a city 160 km from Moscow, Digit.ru reported last week. Production is being carried out by Jabil Circuit, a contract manufacturer whose plant in Tver has been used by Cisco since November 2011 to assemble IPTV set-top boxes.
