Corporate

Mail.Ru Group invests in four Russian gaming companies

December 12, 2018

LSE-listed Mail.Ru Group has invested in four Russian gaming companies via Mail.Ru Games Ventures (MRGV), the dedicated investment division it launched last year. As reported by the Russian media, these companies are Moscow-based Game Garden (Farmdale, Fairy Kingdom), Mobirate (Parking Mania, Dead Ahead, Rovercraft) from Ulyanovsk, Siberia, Red Brix Wall (Battle Arena: Heroes Adventure) and Zillion Whales (Mushroom Wars), both based in St. Petersburg. Each of …

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Ozon needs “more than $200 million” to remain in the running for e-commerce leadership

December 3, 2018

Ozon, one of the leading Russian e-commerce companies, intends to raise several hundreds of million USD in equity next year to support new investments in logistics and IT. As these plans were aired in the Russian media by the company’s general director Alexander Shulgin, an unnamed source told Kommersant that Ozon wants to raised “more …

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Sistema Asia injects additional capital in Indian fitness startup HealthifyMe

November 22, 2018

Just nine months after the completion of a $12 million Series B round, HealthifyMe, a leading e-health and fitness platform in India, has raised an additional $6 million as an extension of that round. As reported by the Indian media, the round has involved Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, …

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Renova subsidiary acquires digital mining solution provider Vist Group for $30 million

November 19, 2018

Zyfra, a Renova subsidiary that develops IIoT and AI industrial solutions, is to fully acquire Vist Group, a 28-year-old developer of solutions for digital mining, metal and other enterprises. Zyfra will spend 2 billion rubles (around $30 million at the current exchange rate) on the acquisition, according to Vedomosti, which cites exchanges with representative of both companies. Implemented …

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Skolkovo develops R&D and venture projects with Chinese players

October 27, 2018

Earlier this month, as the Open Innovations forum gathered thousands of Russian and foreign participants on the outskirts of Moscow, the Skolkovo Foundation signed agreements with Chinese players. As reported by Skolkovo news portal Sk.ru, the Russian tech hub agreed with Chinese telecoms giant Huawei to set up a joint innovations center. The R&D effort …

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Mail.Ru Group and top Western business angels invest in wholesale food supply startup Foodza

November 12, 2020

Foodza, a startup that organizes direct supplies of fresh fruit and vegetable to retail stores, restaurants and cafés, recently secured $1 million in a round of funding led by Mail.Ru Group. Among the other participants in the deal are Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov; FJ Labs, the investment …

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Alfa Group invests in the embryonic Russian insurtech market

October 25, 2018

One of Russia’s first sizable insurtech projects is set to emerge soon, with millions of US dollars being invested in an online-only insurance offer. Dubbed ‘Mango,’ the platform will sell its own products and those of traditional insurance companies through a “technologically advanced marketplace,” CEO Viktor Lavrenko told Russian daily RBC earlier this month. “Our …

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Kremlin requests big corps to contribute to giant state-directed tech investment plan

November 12, 2020

Following a Kremlin initiative, 15 big Russian corporations from the metallurgical, chemical and oil industries are likely to become unenthusiastic high tech and social investors. This past July, the Kremlin administration  announced its intention to take 500 billion rubles (some $7.7 billion at the current exchange rate) out of the corporations’ “superprofits.” These corporations include Alrosa, Evraz, Magnitogorsk Iron …

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Alleged threats on Yandex’s independence scare international investors and Russian IT community

October 23, 2018

Sberbank, Russia’s leading banking institution, has reportedly approached Yandex founder Arkady Volozh regarding the potential acquisition of a controlling stake in the Russian search company. Yandex is listed on both the Moscow exchange and the NASDAQ. The state-controlled bank would consider the acquisition of an at least 30% stake, Russian business publications Vedomosti and The Bell reported yesterday, …

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Severstal Ventures backs international fund to invest in intelligent systems and automation solutions

November 12, 2020

Severstal Ventures, an investment vehicle created earlier this year by the Russian steel and mining giant Severstal, has backed the first round of the Chrysalix RoboValley fund (Chrysalix RBV GP Ltd), along with other corporations. The amount of Severstal Ventures’ contribution has not been disclosed officially, but in an exchange with Russian business daily Vedomosti, …

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Sberbank, Rambler & Co and UCS join forces to create multifunction food service platform

October 12, 2018

Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, GHP Group, a wealth management and financial advisory, are joining forces to create a multi-function platform for the Russian restaurant and food delivery market. Also taking part in the venture are Grigory Gurevich and Evgeny Malakhov, who are the founders of restaurant automation software …

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VKontakte develops object recognition and artificial intelligence tools to boost social commerce

October 2, 2018

VKontakte (VK), Russia’s leading social network and a property of Mail.Ru Group, is developing a technology for object recognition in photos and video recordings, with a special button to purchase the corresponding products in just one click. The project was unveiled at a recent meeting with investors and analysts, the TASS news agency reported last …

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