Data & Reports

Moscow ranks 9th in StartupBlink’s global startup ecosystem ranking

May 27, 2020 June 24, 2021

StartupBlink has just released the 2020 edition of its Startup Ecosystem Rankings Report, which encompasses 1,000 cities and 100 countries across the world. StartupBlink’s algorithm analyzes tens of thousands of data points. Data is coming from the company’s community of 50,000 members as well as from such partners as CrunchBase, SEMrush, Meetup, and Coworker. The ranking …

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Survey: 3 VC investors in 4 in Eastern Europe did not cancel or renegociate their deals amid the pandemic

May 11, 2020 May 11, 2020

Last month ProVenture, a Telegam channel dedicated to venture and startup activity, surveyed venture investors from Belarus, Russia and Ukraine. Fifty two investors, 29 private VC fund managers, 5 private PE fund managers and 8 business angels took part in this online poll. ProVenture founder and Da Vinci Capital investment director Denis Efremov shared the main results of the survey with East-West Digital News. Almost all respondents did feel an …

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Russian venture market reached record $868 million in 2019

April 13, 2020 April 16, 2020

DSight, a business intelligence agency focusing on the Russian venture market, has just released the English version of its latest yearly report. Russian venture investments amounted to at least $868 million in 2019 (excluding exits), up 13% year-on-year, says the report. Although this performance remains very modest by international comparison (USA: $136 billion, UK: $14.3 billion, Germany: $6.6 billion), it …

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Illegal copies on Telegram account for more than half of Russia’s book market, claims industry association

February 5, 2020 February 9, 2020

Some 200 Telegram channels distribute illegal copies of books, accounting for a total audience is 2 million people. This estimate was provided by according to Maxim Ryabyko, Head of the Russian Association of Internet Rights Protection (AZAPI), in an exchange with business daily Vedomosti. Pavel Durov’s instant messenger is now one of the largest sources …

Illegal copies on Telegram account for more than half of Russia’s book market, claims industry association Read More

Russian chatbot market takes off, banks and retailers among early adopters

December 30, 2019 December 30, 2019

The Russian chatbot market is set to increase three-fold in 2020, reaching or exceeding 4 billion rubles (around $65 million at the current exchange rate), says a report by industry association Neuronet. This market already grew three-fold this year to around 1.5 billion rubles ($24 million). While banks, financial and insurance companies were initially the main …

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Cross-border payments and commerce report 2019–2020

December 16, 2019 December 16, 2019

ThePaypers, a major online publication dedicated to the payments and related industries, has just released its ‘Cross-Border Payments and Commerce Report 2019 – 2020.’ Available for download free of charge, this 144-page document depicts the major trends driving growth in cross-border payments, cross-border commerce, and marketplaces. It is intended for international retailers, global shipping companies, …

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Russian crowdfunding market stumbles in 2019

November 18, 2019 January 14, 2020

The Russian crowdfunding market has contracted by more than 40% in 2019, figures from the Central Bank have shown. In the first nine months of the year, 5.2 billion rubles ($81 million) had been raised through crowdfunding on Russian platforms, compared to more than 8 billion rubles in the same period of 2018, Russian business …

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Russian venture market grows but remains modest by international standards

November 5, 2019 November 6, 2019

Venture investment volume in Russia reached almost half a billion US dollars ($493.6 million) in the six first months of this year, according to Dsight. This Moscow-based venture analytics and business intelligence agency released last week the English version of its latest industry report. While still modest by international standards (US venture deals accounted for …

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Building a mobile app in Eastern Europe is seven times more cost-effective than in the US

October 29, 2019 October 29, 2019

The average cost to develop a mobile app in Eastern Europe is $23,000 versus $171,450 in the US, according to SmartBrain (also known as Rubrain), a San Francisco-based marketplace for IT contractors. The company analyzed data from more than 400 deals between Eastern European contractors and international startups and found out that developing a new app …

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Report: CIS region to make multi-billion investment in 5G; 54 million connections expected by 2025

October 23, 2019 October 23, 2019

Russia will lead the Commonwealth of Independent States (CIS) in the commercialisation of 5G services, with the region’s other markets all launching 5G networks by 2025, according to the GSMA’s Mobile Economy: Russia & CIS 2019 report, which was published on Oct. 10 at the Mobile 360 Series – Eurasia event in Moscow. The CIS region will have around 54 million …

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Russia’s oil and gas majors generate 50 times as much in revenue as top tech companies

September 30, 2019 October 6, 2019

Last week RBC, a major business publication, released its ranking of Russian companies by revenue and profit with 34 economic sectors covered. Unsurprisingly the three top companies in this ranking – Gazprom, Lukoil and Rosneft – are from the oil and gas industry. They are followed by Sberbank, the state-controlled financial giant, and Russian Railways. …

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Market experts: More than a third of all phone calls in Russia are now made via messengers

September 19, 2019 September 19, 2019

Instant messengers are the most popular type of smartphone apps in Russia, says a new study by Deloitte cited by Kommersant. While Russians now tend to make online rather than traditional phone calls, 53 % of the study’s respondents say they’ve started using these Internet services more often in the past year. Evolutions in the …

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