Corporate

Ikea launches second startup accelerator program in Russia

July 19, 2017 July 20, 2017

Following the first edition in late 2015, Ikea is launching its second ‘Mega Accelerator’ in Russia. Startups are expected to help “transform the MEGA shopping malls into spaces for meetings and relaxation, improve customer experience and optimize business processes.” Owned, developed and managed by Ikea, MEGA is a leading chain of shopping centers across Russia. These malls attract some 275 …

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Yandex acquires regional car classifieds sites from Hearst Shkulev Digital

July 11, 2017 July 11, 2017

Auto.ru, one of the leading online auto classifieds sites in Russia, and its owner Yandex, have agreed a “strategic partnership,” with Hearst Shkulev Digital, a leading publishing house in Russia, as reported by the Russian business daily Kommersant last week. As part of the deal, Yandex is acquiring HSD’s car classifieds sites across Russian regions. These include E1.Auto …

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Russian fund makes 1,600% ROI from Chinese acquisition deal

May 30, 2017 May 31, 2017

Russia’s VTB Capital Asset Management claims to have made a 1,600% return on investment (“up to 15 times”) as a result of the recent acquisition of Grid Dynamics, a provider of advanced software development services, by China’s Automated Systems Holdings Limited (ASL). Launched in 2006, Grid Dynamics has asserted itself as a major international provider of technology …

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Sberbank acquires medical appointment startup DocDoc to build “a full-fledged e-health platform”

May 26, 2017 May 28, 2017

Sberbank, Russia’s national savings bank, has acquired a controlling stake (79.6%) in DocDoc.ru, a startup that helps users find doctors and set up medical appointments across 14 Russian cities. The details of the deal have not been disclosed, but the bank has specified that the remaining shares belong to the founding and top management teams — which …

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AstraZeneca partners with Skolkovo startups in the field of cancer research

May 23, 2017 May 23, 2017

Skolkovo, the international tech hub under completion on the outskirt of Moscow, has signed a strategic partnership agreement with the multinational pharmaceuticals giant AstraZeneca to carry out joint scientific research and educational activities in Russia. The UK-headquartered corporation considers cooperating with Skolkovo startups working in the field of cancer research. According to the Skolkovo Foundation, …

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PepsiCo launches international acceleration program in Moscow

May 16, 2017 May 16, 2017

Multinational beverage and snack maker PepsiCo has announced the launch of a corporate accelerator for local and international startups in Russia. While PepsiCo LAB targets essentially food and beverages projects, its three-month program is also open to startups offering innovative solutions in the fields of CRM, human resource management, sales performance, data mining and analysis, and operation automation. …

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Corporate fund Lanit Ventures invests across the IT spectrum

May 8, 2017 May 8, 2017

Lanit Ventures, a $10 million VC fund set up last year as part of the Lanit group, is actively supporting start-up teams in a variety of fields, Kommersant reported last week. According to the business daily, the new fund is backed by the shareholders of Lanit, a major systems integrator established as early as 1989. The new fund …

Corporate fund Lanit Ventures invests across the IT spectrum Read More

Raiffeisenbank launches pilot projects with three Russian startups

May 3, 2017 May 3, 2017

In late April the finale of GenerationS, a major corporate-oriented accelerator program, took place at the Stadium Live concert hall in Moscow. Three winners shared 15 million rubles (some $263,000 at the current exchange rate) in prizes while 19 other teams received prizes worth over 100 million rubles (1.75 million) from the accelerator’s partners. One of …

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Russian warehouse operator plans to launch “Uber for cargo carriers”

April 26, 2017 November 12, 2020

Multinational Logistics Partnership (MLP), a major operator in the Russian warehouse real estate industry, intends to launch an interactive transportation management system for cargo transportation in Russia. The project is expected to start operations in the course of this year. Dubbed ‘TransCord,’ the system will track information about registered carriers and cargoes. An advanced selection algorithm automatically will identify …

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Startup investment in Central and Eastern Europe: A ground-breaking research

April 17, 2017 October 12, 2017

Already recognized for their engineering excellence, several countries of Central and Eastern Europe (CEE) are now emerging on the global startup scene. Thus for the past couple of years Belarus, Estonia, Russia, Ukraine and some other countries of the region have seen their local companies assert themselves on the international market, raise considerable funding and/or be acquired …

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Corporate venturing and innovation: An invitation to major event in London (May 23-24)

April 3, 2017 April 5, 2017

The GCV Symposium has asserted itself as the leading global event for corporate venturing professionals, attracting more than 400 business leaders every year. This year, in partnership with EWDN and Marchmont News, a special Eastern Europe Session will highlight the growing connections between corporations and startups in these countries — from incubation, to investment, to acquisition, to other forms …

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Russian OTA Onetwotrip secures $3 million from Bank Saint Petersburg

April 3, 2017 April 3, 2017

Moscow-based online travel agency Onetwotrip.com has raised $3 million from Bank Saint Peterburg, the Russian business daily Vedomosti learned last week from company CEO Mikhail Sokolov. The company had previoulsy raised significant amounts from Swedish fund Vostok New Ventures — $4 million in 2015, $2.5 million in H1 2016, and $5.8 million agreed in December 2106. A major Russian bank, Bank …

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