Digital services & Apps

Russian censor cites Google for including banned content in search results

Roskomnadzor, the Russian Internet and telecom regulator, has submitted an administrative protocol citing Google for censoring its search results in Russia insufficiently. The news agency Interfax cited Roskomnadzor as saying that its most recent test of the search engine in May indicated that “more than a third of the links included in the unified registry …

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Russian ticket marketplace Eticket4 secures funding from Hong Kong

The Russian p2p ticket marketplace Eticket4 has sold 13% of its stock to Hong Kong-based GTSystem International in exchange for a $325,000 capital injection. The whole project was estimated at $2.5 million, Russian business daily Kommersant reported, citing exchanges with company founder Daniil Kruchinin. According to the official company register, the deal took place on July 4. Kruchinin …

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Tealsy online food products platform attracts investment from Baring Vostok

Baring Vostok, a major Moscow-based international PE firm, has acquired 5% stake in Tealsy, Russian business daily Kommersant reported last week. The financial details of the deal were not disclosed.  This Moscow-based startup brings together e-shoppers, retail networks and suppliers by proving a single online platform where they can meet one another to trade food products. Tealsy …

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Reuters: Western intelligence hacked Yandex to spy on accounts

Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018, deploying a rare type of malware in an attempt to spy on user accounts, four people with knowledge of the matter told Reuters. The malware, called Regin, is known to be used by the “Five Eyes” intelligence-sharing alliance of …

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Skolkovo teams up with global companies to launch healthcare innovation center

Skolkovo, a major international tech hub on the outskirts of Moscow, is planning to launch a center for innovations and IoT in healthcare in the fall of 2019. The center will focus on pivotal issues like reducing mortality rates, combating cancer and chronic diseases, and bringing digital technologies in healthcare in Russia. The priority goal …

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Russian money fuels UK sharing economy startups

While the UK has traditionally been a key destination for Russian tech entrepreneurs and investors, two recent deals involving sharing-economy startups are confirming that even Brexit uncertainties are not stopping the trend. Thus, Impulse VC has just led a $6 million Series A round for London-based GuestReady. This three-year-old service lets shared-economy hosts manage their business …

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Yandex acquires e-ticketing system to double its market share

In a move to increase its share of the Russian e-ticketing market, Yandex, the NASDAQ-listed Russian Internet giant, has acquired the exclusive rights to the e-ticketing system called TicketSteam. The financial details of the deal,  reported by business daily Kommersant, were not disclosed. According to InterMedia news agency director Yevgeny Safronov, Yandex’s share of the e-ticketing market …

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E-grocery service Golama to receive $7.7 million from state investor

Golama, a leading e-grocery delivery service based in Moscow, will receive 500 million rubles (about $7.7 million at the current exchange rate) from a state investor after just one year of operations. The investment will be provided by Veb Ventures (previously known as VEB Innovations), a venture fund launched by Vnesheconombank in 2011 to support innovative …

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Russia requires Yandex, Tinder to make user content available to law enforcement agencies

Update June 7 – According to media reports, Yandex and the authorities reached an agreement on how to apply the legislation as for providing law enforcement bodies with access to encrypted user content. Yandex, the Russian digital giant, received a request from Russian secret service, the FSB, to grant them access to encrypted user content …

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Russian medical insurance startup attracts $3 million for international expansion

Earlier this month Moscow-based startup BestDoctor, which offers high-tech insurance products for individuals and businesses, attracted $3 million in a Series A round of funding.  The round was lead by three international venture firms with Russian roots: Target Global, Ascent and AddVenture. (The two latter already invested in BestDoctor in previous rounds.) A group of business angels also participated …

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Yandex launches AI-powered smart home gadgets and video stream features

Today Yandex, the NASDAQ-listed Russian Internet giant, announced two high-tech, AI-related novelties. The company unveiled what it touts as “Russia’s first smart home ecosystem.” It is powered by Alice, the smart assistant which Yandex launched two years ago and made the news in sometimes surprising ways.  “Alice can now turn on lights, adjust a thermostat, control …

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Tinkoff Bank positions itself on Russia’s $15 billion online travel market

Tinkoff Bank, a tech-friendly Russian bank, has launched an own-branded online travel agency. The offer includes air and railway tickets, packaged tours, hotels and car rentals. Since April 2018, the bank has put around $2 million to develop this travel service platform, the press service told us. However, the platform worked so far “as a …

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