Digital services & Apps

Mail.Ru Group’s new browser “focuses on user security and privacy”

November 12, 2020

Half a year after it stopped supporting its first, not-so-successful browser Amigo, Mail.ru Group announced earlier this month the launch of a new browser christened ‘Atom.’ While Amigo had been perceived as excessively intrusive due to the way it had been promoted by Mail.Ru’s partners, Atom “focuses on user security and privacy,” claims the LSE-listed …

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Mail.Ru Group invests in online IT education platform

July 11, 2020

Mail.Ru Group, the LSE-listed Russian Internet giant, is investing is Skillbox, an e-learning platform for digital and IT specialties. The transaction was revealed yesterday by business daily Vedomosti, based on exchanges with representatives of both companies. The group has acquired a 3.6% stake for an undisclosed amount as part of a plan to ultimately acquire …

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Twitter targeted by lawsuit for non compliance with Russian data-localization law

February 25, 2019

Roskomnadzor, the Russian telecom and Internet regulator, initiated today a lawsuit against Twitter for failing to provide information about its compliance with the Russian data-localization law. The US microblogging platform is now facing an administrative fine of 5,000 rubles ($764 at the current exchange rate). Ultimately Twitter, should it violate the law, could be blocked …

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Facebook and Google’s Russian rivals: Why are they winning?

February 20, 2019

In March 2018, the users or Yandex, Russia’s most popular search engine, noticed a peculiar feature: if you typed “govno” – Russian for “sh*t” – in the Yandex.Maps search (who does that?!) the first address Yandex gives you is Moscow, Balchug Street, 7 – the headquarters of Google Inc. in Russia. Hours later Yandex explained …

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“Exceptional performance” for Yandex in 2018: Revenues reached $1.84 billion, net income soared 44%

March 5, 2019

This past Friday Yandex, the NASDAQ-listed Russian search company, announced its unaudited financial results for Q4 2018 and FY 2018. The last quarter of the year saw the company’s revenues reach 38.8 billion rubles ($559.1 million), up 39% from Q4 2017, while its adjusted net income jumped to 6.9 billion rubles ($100 million), up 32% …

“Exceptional performance” for Yandex in 2018: Revenues reached $1.84 billion, net income soared 44% Read More

HeadHunter invests in AI-powered recruitment solution developer

February 15, 2019

HeadHunter has acquired a 25% stake as a result of a capital injection into Skillaz, a developer of advanced recruitment solutions. The news was reported earlier this week by business daily Vedomosti, which cited exchanges with an official company HeadHunter representative. The funding will be used for recruitment and company development purposes. Neither the amount nor other …

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Google agrees with Russian authorities to filter censored content

February 11, 2019

Google has “established a constructive dialogue” with Roskomnadzor, the Russian telecom and Internet regulator, to delete from search results websites that are banned in Russia, the Russian media reported, citing the Roskomnadzor press office. While refusing to connect to Federal State Information System (FGIS), Roskomnadzor’s registry of banned sites, the US company began deleting blacklisted links …

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Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly

November 12, 2020

Moscow-based grocery delivery service Golama has attracted 150 million ruble (approximately $2.3 million) in equity funding from an unnamed individual investor, according to media reports. The funding will be spent on expanding Golama’s network of partners, which include retail chains and stores, and its goods and services offer. Golama told Russian online tech resource Rusbase …

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Gazprom Media and US investor back catering startup from Moscow

February 13, 2019

Gazprom-Media, Russia’s largest Russian media holding and a subsidiary of Gazprom, has led a $2 million funding round for Catery. This Moscow-based catering startup, launched in 2016, organizes deliveries to corporate clients. It operates in Moscow, St. Petersburg, Kazan, Rostov-upon-Don and Nizhny Novgorod, based on partnerships with more than 500 restaurants. According to a Catery …

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Naspers takes full control of Avito, Russia’s leading classifieds site

February 15, 2019

Naspers’s classifieds business, OLX Group, announced Friday that it took full control of Avito.ru, Russia’s number one classifieds site, boosting its stake from 70.4% to 99.6%. Among the minority shareholders exiting the company is Swedish investment  firm Vostok New Ventures (VNV, previously known as Vostok Nafta Investment),  which will get gross proceeds of $540 million from …

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Giant US investment firm OppenheimerFunds invested again in Yandex in 2017 and 2018

January 21, 2019

Since late 2017, OppenheimerFunds, a family of major investment funds, has invested again in NASDAQ-listed Yandex, according to the latest filing submitted to the US Securities and Exchange Commission. The US investment firm reportedly boosted its stake in the Russian company from 1.8% to 6.41% or 18.365 million shares as of December 31, 2018. Yandex stock is …

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State fund of funds RVC to launch $100 million edtech fund

December 24, 2019

RVC, the state-owned fund of funds dedicated to innovation, intends to launch an investment fund to support innovation in the field of education technologies in Russia. With a considerable target amount – 6.9 billion rubles (roughly $100 million at the current exchange rate) – and a 10-year duration, the fund is being created in the framework of …

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