Digital services & Apps

Ukrainian fund puts $1 million in Russian-founded edtech startup

December 4, 2019

A Kyiv (Kiev)-based venture fund, Genesis Investments , has just injected $1 million in Russian-founded edtech startup IntellectoKids.  The news was reported earlier this week by Rusbase, which cited exchanges with the startup’s press service. The details of the transaction were not disclosed.  Founded in 2016, IntellectoKids presents itself as a media, entertainment and education platform for parents and …

Ukrainian fund puts $1 million in Russian-founded edtech startup Read More

Russia mandates pre-installed Russian-made apps on all smartphones, tablets and computers

March 17, 2021

Russia will soon force tech companies to pre-install Russian-made government-approved applications and software onto new smartphones, tablets, PCs and other devices. The measures — dubbed the “law against Apple” due to the U.S. iPhone maker’s refusal to sell products loaded with third-party apps — sailed through the Russian parliament and was rubber-stamped by President Vladimir Putin Monday. …

Russia mandates pre-installed Russian-made apps on all smartphones, tablets and computers Read More

Sberbank extends ownership and partnership with Mail.Ru

November 22, 2019

Yesterday Sberbank, the state-controlled financial giant, and LSE-listed Mail.Ru Group signed binding agreements concerning their JV partnership in the fields of food delivery and taxi hailing. As previously announced: The deal puts Mail.Ru’s Delivery Club and CitiMobil businesses, plus Sberbank’s own FoodPlex arm into a single joint venture. The two partners will invest “up to …

Sberbank extends ownership and partnership with Mail.Ru Read More

Yandex proposes sweeping governance and ownership restructure; draft bill on foreign ownership put on hold

December 9, 2019

Yandex, the NASDAQ-listed Russian Internet leader, is planning a major overhaul of its governance structure, answering a long-standing government pressure over its governance and ownership. Under the plans announced yesterday, Yandex will create a new “Public Interest Foundation” which will control Yandex’s so-called golden share,  providing veto power over significant ownership transactions.  Since 2009, this golden …

Yandex proposes sweeping governance and ownership restructure; draft bill on foreign ownership put on hold Read More

Andrey Andreev sells Badoo, Bumble to Blackstone at $3 billion valuation

January 21, 2020

Andrey Andreev, the Russian-born online dating tycoon, has sold his business MagicLab to Blackstone, one of the world’s leading investment firms. The deal valued the company “at approximately $3 billion,” the firm stated, without providing any more details. MagicLab touts itself as the company that “invented how people meet in the modern, mobile age,” “connecting and transformed …

Andrey Andreev sells Badoo, Bumble to Blackstone at $3 billion valuation Read More

Russian ticket marketplace Eticket4 raises $1 million

November 8, 2019

The Russian p2p ticket marketplace Eticket4 has agreed a $1 million investment deal with a group of individual investors, including David Izraelov and other unnamed business angels. The capital injection will be made in several stages based on a $2.8 million company valuation, reports VC.RU. Earlier this year, in July, the startup sold 13% of its stock …

Russian ticket marketplace Eticket4 raises $1 million Read More

Yandex.Taxi completes acquisition of food delivery startup

November 12, 2020

Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber last year, has completed the acquisition of Partiya Edy  (‘The Party of Food’). Yandex.Taxi had acquired a 83.3% stake in this startup in October 2018. The remaining 16.7% stake has been transfered to Yandex.Taxi for an undisclosed amount. Created in 2014, Partiya Edy …

Yandex.Taxi completes acquisition of food delivery startup Read More

Russian agroindustrial group launches international foodtech fund

November 12, 2020

Last month Efko, an agroindustrial group founded in 1994 in the Belgorod region, launched a $50 million corporate venture fund, Firrma.ru reported.  Dubbed ‘Fuel for Growth,’ the new fund will target early-stage foodtech startups — those that can potentially disrupt the food industry, promote a healthy lifestyle, support the ecology or food security.  According to Efko …

Russian agroindustrial group launches international foodtech fund Read More

Yandex shares plummet as Russia considers limits on foreign ownership

October 11, 2019

Shares in Russian tech giant Yandex have plummeted after reports the Kremlin is backing plans to limit the stakes of foreign owners in Russian “online information resources.” Yandex shares fell by 17% in the first minutes of trading on the Nasdaq exchange in New York on Friday, wiping more than $1 billion from the company’s …

Yandex shares plummet as Russia considers limits on foreign ownership Read More

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

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 …

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

Russian authorities bet on new equipment to enforce ban on Telegram

September 16, 2019

In the Siberian region of Tyumen, mobile operators are about to test special equipment to enforce the authorities’ ban on Telegram. As reported by Reuters, cited by the Russian media, this equipment has been provided by Roskomnadzor, the state telecom and Internet regulator.  The tests are to be conducted this month in real conditions, the …

Russian authorities bet on new equipment to enforce ban on Telegram Read More

US digital media company acquires Russian AI-driven content personalization technology

August 29, 2019

US digital media company PressReader has acquired News360, a Russian-founded, California-based provider of content personalization and publisher analytics tools. The amount of the deal, announced last week, has not been disclosed. Founded in Moscow in 2010, News360 has developed a technology that “analyzes and attributes content from any given news story to more than a …

US digital media company acquires Russian AI-driven content personalization technology Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.