Digital services & Apps

Russia’s Sistema Asia Fund invests in Indian startup offering “world’s first AI coach”

February 20, 2018

Earlier this month HealthifyMe, which presents itself as India’s leading e-health and fitness platform, announced the completion of a $12 million series B round of funding led by Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema. The round also involved Silicon Valley-based Samsung NEXT, Singapore’s Atlas Asset Management and …

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MTS acquires two event ticketing companies, aims for market leadership

February 19, 2018

Last week MTS, a leading Russian mobile operator, announced the acquisition of a 100% share in Ticketland.ru and a 78.2% share in Ponominalu.ru, two leading event ticket operators in the Russian market. MTS says it expects to establish itself as a leading ticket operator in Russia. The deal “will allow the company to broaden its …

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Telegram has raised an initial $850 million for its billion-dollar ICO

February 21, 2018

It looks like Telegram’s billion-dollar ICO has reached its first milestone after the chat app company raised an initial $850 million, according to a filing. A document submitted to the SEC earlier this week states that the money was raised “for the development of the TON Blockchain, the development and maintenance of Telegram Messenger and the other purposes.” …

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Rosy 2017: Increased market share, revenues and profit for Yandex

February 16, 2018

Yesterday Yandex, the NASDAQ-listed Russian search giant, announced its financial results for the Q4 and FY 2017. The last quarter of the year saw the company’s revenues reach 27.9 billion rubles ($483.7 million), up 26% from Q4 2016, while its adjusted net income jumped to 5.2 billion rubles ($91.1 million), up 62% year-on-year. (The inflation rate in …

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Qiwi co-founder invested $17 million in Telegram’s presale; skeptics say “ICO numbers out of whack”

February 26, 2018

Sergey Solonin, co-founder of Qiwi, a major NASDAQ-listed Russian e-payment operator, confimed that he personally invested Telegram’s ICO private presale. The Russian businessman revealed this investment informally during the Russian Investment Forum, an international business event which is taking place these days in Sochi on the Black Sea. [Update Feb. 26: Among the other Russian …

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Telemedicine becomes legal, attracts more investment in Russia

February 9, 2018

A new telemedicine law came into effect on January 1, allowing Russian citizens to benefit from a range of e-healthcare services. Signed by President Vladimir Putin in July 2017, the legislation makes legal remote professional communication between doctors, as well as communications between doctors and patients or their legal representatives, as reported by the news …

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Yandex and Uber complete merger in Russia and neighboring countries

February 27, 2018

Yandex, the NASDAQ-listed Russian search giant, and Uber announced today the completion of the merger of their respective ride-sharing and food delivery businesses in Russia and neighboring countries. The deal, announced in July last year, was approved by the Russian antimonopoly authority in November. At closing, Uber invested $225 million and Yandex invested $100 million …

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Russian authorities order messaging apps to hide cooperation with law enforcement

February 6, 2018

Messaging services in Russia have been banned from disclosing any cooperation with law enforcement agencies, according to a new government decree issued last month. The decree orders messengers to “ensure the non-disclosure of any information regarding specific facts and contents” when cooperating with the authorities, as reported by The Moscow Times. The messengers are also required …

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WSJ: “Nasdaq-listed Yandex is Russia’s Uber and Google combined”

February 1, 2018

“Stock investors can’t invest in Uber, but they can invest in Nasdaq-listed Yandex, owner of Russia’s top ride-hailing platform,” writes WSJ reporter Stephen Wilmot, referring to the Yandex.Taxi platform. The Russian search engine recently agreed with Uber to merge their respective taxi-hailing and food delivery services in Russia and neighboring countries – a move that has provided …

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Yandex.Taxi and Uber.EATS launch dedicated food delivery subsidiary

January 23, 2018

Yandex.Taxi — the taxi service of Yandex which is in the process of merging its activities with Uber in Russia and neighboring countries — intends to group the food deliver services under its control in a dedicated subsidiary, ‘Yandex.Eda.’ The new company will be part of the holding structure which will be formed as the result of …

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Online education platform Skyeng attracts investment from PE giant Baring Vostok at $100 million valuation

January 23, 2018

Baring Vostok has invested an undisclosed amount in online education platform Skyeng, with specializes in English teaching. Confirming the deal, a Baring Vostok representative told Russian business daily Kommersant that the fund acquired a minority stake. Skyeng, a Moscow-based startup launched in 2012, claims to have generated 725 million rubles (around $12.5 million) in revenue last …

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