The online lodging service Airbnb has seen rapid growth in Russia as the country’s economic recession forces more Russians to look for ways to supplement their incomes, the Bloomberg news agency reported Tuesday. The Russian business of San Francisco-based Airbnb has doubled during the past year, propelling Moscow into the world’s top 10 cities with …
Naspers announced today a $1.2 billion transaction to become the largest shareholder in Russia’s leading online classifieds site Avito.ru — just weeks after the company aired its IPO plans. After buying shares from existing shareholders, Naspers will increase its stake from 17.4% to 67.9% on a fully diluted basis. Kinnevik is selling its entire 31% stake to the …
Naspers acquires controlling stake in Avito.ru in one of Europe’s largest startup exits Read More
Avito, Russia’s leading online classifieds site, is preparing for an IPO, co-founder and CEO Jonas Nordlander stated last week. Avito is “in the preparation for the simple reason that we want to have options if it at some point makes sense for the business and shareholders to go public,” Bloomberg quoted him as saying. Avito …
Avito acquires delivery service aggregator CheckOut and prepares for IPO Read More
Russian online classifieds site Prodai.ru has raised half a million US dollars from an unnamed investor from the wood industry, online publication Rusbase reported earlier this month. The funding will be used for expansion across Russia, with the Siberian regions of Kemerovo, Novokuznetsk and Chita targeted in the short term, Valery Vorobyev, the site’s founder, told …
Online classifieds service Prodai.ru secures $500,000 from wood industry businessman Read More
Russian entrepreneurs have launched something similar to Handy, the U.S. home-cleaning service. In the past year, Qlean has attracted more than $327,000 in investment, and in the near future the young ambitious service plans to expand to Asia. The founders of Qlean take their inspiration from the success of the world-renowned car service, Uber. “We …
Russian Internet group Mail.ru said on Thursday the sale of its recruitment site might not be completed after the company saw an economic downturn constrain ad spending. The company expects revenue growth of 7-12 percent after 14.8 percent last year that included the results of the VKontakte social network on a pro forma basis, it said in a statement.
Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market. The deal included both the sale of existing shares and a subscription for new shares. The amount of the investment and the size of the …
Elbrus Capital acquires minority stake in realty classifieds group Cian Read More
Phenomen Ventures, a $300 million international venture fund launched last year by Russian businessman Dmitry Falkovich, has invested in Helpling, the online marketplace for household cleaners backed by Germany’s Rocket Internet. The deal is part of a Series A round of 13.5 million euros ($16.8 million), which has also involved Mangrove Capital, Point Nine Capital …
Last month international online recruitment service Zartis.com announced the launch of its platform in Moscow. Zartis provides employers with access to pre-screened IT professionals in an online marketplace making it quicker and cheaper for companies to hire tech talent. The service, which started in Ireland, is available in Dublin, London, Berlin and now Moscow – …
International online recruitment service Zartis launches in Russia Read More
Mail.ru Group, a leading, LSE-listed Russian Internet group, is to sell 100% of shares in HeadHunter (hh.ru) to a consortium of investors led by direct investment fund Elbrus Capital. The deal, which is worth a total of 9.85 billion rubles (a little less than $210 million at the current exchange rate), is still “subject to third-party approval,” the group announced. It expected to …
Mail.ru group to sell headhunter business to investor consortium led by Elbrus Capital Read More
Last week online car sales and valuation service CarPrice.ru received $2 million in seed investment. The principal investors were Almaz Capital, Fastlane Ventures, e.ventures along with several other Russian and foreign funds. The company was founded very recently, in June of this year, by Edward Gurinovich, Oskar Hartmann, Alexander Danilov and Artem Bolshakov.
AmazingHiring, a Moscow-based service for finding IT professionals, has attracted $500,000 in a second seed round, with equal contributions brought in by SMRK, a Kiev-based venture fund, and Altair, the seed-stage fund backed by Russo-Austrian serial investor Igor Ryabenkiy. The startup is developing a search engine and browser plug-in for Chrome that recruiters can use to search …
