Earlier this week Mail.Ru Group, a leading, LSE-listed Russian Internet group, and Rambler&Co, Russia’s fourth Internet group in terms of audience, announced the acquisition of Am.ru by Mail.Ru Group. The deal, an all-cash acquisition of $10 million, is expected to be closed imminently. The Am.ru team, including its founder Oleg Golubtsov, will join Mail.Ru Group to develop the business further. Am.ru is …
Three media investors — Astremedia (Spain), German Media Pool VC and RTL Germany — have inked a media-for-equity deal worth $35 million with Job Today, reports TechCrunch. Launched in 2015 by two Russian entrepreneurs, Eugene Mizin and Polina Montano, Job Today has developed a job finder app which currently operates in four cities of Spain and the UK. The startup, which claims to …
Avito.ru, Russia’s leading classifieds platform, saw its revenues reach $54.4 million in Q4 2016, up 54% from Q4 2015, says the recent activity report by Swedish investment company Vostok New Ventures, formerly known as Vostok Nafta Investment. According to the report, in Q4 2016 the company’s adjusted EBITDA margin reached 47% ($25.3 million), compared to 42% …
Russian online classifieds giant Avito delivers 75% revenue growth in 2016 Read More
In early November The Locals, a Russian online platform for apartment rentals, made its debut in Ukraine — just days after Yandex.Taxi, another service from Russia, entered the market. Launched in 2010, the service covers Russian cities Moscow, Saint Petersburg and Kazan. Following the extension to Kyiv (Kiev), The Locals is planning launch in Warsaw and Tel Aviv “in a couple of …
Flint Capital has led a $20 million round of funding for Job Today, a Luxembourg startup which operates jobs marketplaces in London and Spain. Also involved in the round are Accel Partners, Mangrove Capital Partners, and Channel 4’s Commercial Growth Fund, Business Insider reported last week. Launched in Russia in 2013, Flint initially targeted domestic startups. Since then, …
Flint Capital leads $20 million round for Job Today Read More
BlaBlaCar, the Paris-based global ridesharing giant, will now take a fee from passengers for every booking in Russia and neighboring countries. Since the company launched in the area in 2014, passengers had enjoyed free access to book their trips. They only had to pay cash to the driver to share riding costs. Blablacar says that its approach is to …
French unicorn Blablacar is said to have raised €21.3 million euros from Baring Vostok, a leading Russian private equity firm. The news was reported this morning by Maddyness, an authoritative French tech blog. When contacted by East-West Digital News, Baring Vostok and Blablacar declined to comment on this information, but Maddyness told us that they had access to official …
Blablacar reported to have raised €21.3 million from Baring Vostok Read More
Russian service marketplace YouDo.com announced today the completion of a $6.2 million Series C financing round, led by Sistema Venture Capital. Existing investors Flint Capital, United Capital Partners and QIWI shareholder Sergey Solonin also took part in the round. The terms of the deal have not been disclosed. Launch in 2012, YouDo’s platform matches those …
Russian service marketplace YouDo raises $6.2 million to go global Read More
Russian search giant Yandex and private equity fund Baring Vostok Capital Partners have invested $5.5 million in DOC+, acquiring a minority stake in the company. The deal was revealed last week by Russian business publication RBC, based on exchanges with the startup’s co-founder Victor Belogub, and confirmed by the investors. The deal was led by Baring Vostok. …
Yandex and Baring Vostok invest $5.5 million in house-call doctor service Read More
According to the research company Bersin, the international market for interactive instruments used to evaluate job seekers is estimated to be worth $2 billion a year. The market recently welcomed the arrival of a new member, Skillaz, created by a former Kaspersky Lab collaborator, Andrei Krylov, and Grigory Dudash, a former employee of Nival, which is the company behind …
A Russian video interview service hopes to shake up the HR market Read More
Mail.ru Group, a leading LSE-listed Russian Internet group, has completed at last the sale of HeadHunter (hh.ru) to a consortium of investors led by Elbrus Capital. Russian business daily Vedomosti learned from unnamed sources that Goldman Sachs was part of the consortium, but the bank declined to confirm this information. The transaction, which is worth a …
Moscow based fund Guard Capital has invested $4 million in DocDoc.ru, a startup that helps users find doctors and setup medical appointments across 15 Russian cities. The terms of the transactions have not been disclosed, but in an exchange with Rusbase.com, Guard Capital Investment Director Vladimir Grigorashenko indicated that the last tranche of the investment had been provided in …
Russian medical appointment startup secures $4 million from local fund Read More
