Digital services & Apps

GroozGo: 3rd investment in a row in Russian online cargo transportation projects

Illustrating the growing traction of the online cargo transportation market, Moscow-based logistics services provider KPD-Cargo has acquired a majority stake in online trucking service GroozGo for $2.1 million. Reported earlier this month, the deal move came just two months after a competing Russian project was announced, and almost simultaneously with another funding round for Deliver, which attracted …

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Telegram app agrees to register in Russia, but not to share private data

Pavel Durov, founder of the Telegram messaging app, agreed on Wednesday for his firm to be registered in Russia after coming under pressure from the authorities to do so, but said it would not share confidential user data with anyone. Russia’s communications regulator Roskomnadzor had threatened to block the messaging app if it did not …

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Almaz Capital and Sistema VC invest $4 million in US mobile travel service

Almaz Capital, an international venture fund with Eastern-European roots, and Sistema VC, the venture arm of the Russian conglomerate Sistema, have invested $4 million in a US mobile travel app called FinalPrice. With FinalPrice’s iOS mobile app, users “get access to the secret cache of ultra-low prices on flights, hotels, and car rentals” for $99 per …

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Augmented-reality platform allows VK users to create interactive masks

Vkontakte (VK), Russia’s leading social network, has launched an open AR platform that enables users to create their own interactive masks. “Unlike other social networks where you can only choose from a ready-made pack provided by developers, VK masks can be created by anyone and uploaded to the VKmasks community,” stated Mail.Ru Group, the Russian Internet …

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Russian online travel market reached $11.2 billion in 2016

In the span of six years — from 2010 to 2016 — the volume of the Russian e-travel market grew tenfold, hitting 740 billion rubles last year (nearly $11.2 billion at the average exchange rate), according to research agency Data Insight cited by Hotelier.pro. Online sales of transportation services have been the main growth driver, while …

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Runa Capital invests in French startup SimpliField to “reinvent retail”

Runa Capital, a venture fund with Russian roots operating globally, has just participated in a $4 million seed round for  SimpliField. Based in Lille and Paris, France, this startup has developed a SaaS solution which it claims can change “the way retailers sell and deliver great customer experience.” The French investment fund CapHorn also took …

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Yandex and Baring Vostok invest $5 million in house-call doctor service

The Russian house-call doctor service DOC+ is announcing the completion of a $5.5 million Series B round involving Yandex, the Russian search giant, and Baring Vostok Capital Partners, a major Moscow-based investment fund. The two investors had already injected $5 million in the startup less than one year ago. The company’s first funding, in 2015, amounted to …

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Telegram introduces payment via chatbots

Telegram, the international messenger launched by Pavel Durov in 2013, is now bringing support for payments via chatbots,  nearly two years after introducing them. “Imagine a world where you can order pizza, pay for a pair of shoes, hire a cab, or refill your subway pass — all in a few button taps on Telegram,” suggests Telegram …

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