Digital services & Apps

On-demand ride service Gett receives $100 million loan from Russia’s Sberbank

November 12, 2020

Today Gett announced that it has received a $100 million loan facility from Sberbank CIB, the corporate and investment banking branch of Russian national savings Sberbank. This funding comes on top of $540 million previously raised by the company since 2010, according to Sberbank CIB.  The last round of financing took place in May 2016, with Volkswagen Group …

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Russia set to become Blablacar’s largest market in 2017

November 12, 2020

Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …

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Social media use: Instagram in Russia

November 29, 2016

Instagram in Russia has taken off with a far more impressive impact as a foreign app compared to the slow entrance of Facebook and others . The app has become an increasingly popular photo sharing social media app worldwide. Instagram is yet another way to connect with friends, follow celebrities, get fitness and beauty advice, …

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Russian online rental service launches in Ukraine

November 17, 2016

In early November The Locals, a Russian online platform for apartment rentals, made its debut in Ukraine — just days after Yandex.Taxi, another service from Russia, entered the market. Launched in 2010, the service covers Russian cities Moscow, Saint Petersburg and Kazan. Following the extension to Kyiv (Kiev), The Locals is planning launch in Warsaw and Tel Aviv “in a couple of …

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Flint Capital leads $20 million round for Job Today

November 15, 2016

Flint Capital has led a $20 million round of funding for Job Today, a Luxembourg startup which operates jobs marketplaces in London and Spain. Also involved in the round are Accel Partners, Mangrove Capital Partners, and Channel 4’s Commercial Growth Fund, Business Insider reported last week. Launched in Russia in 2013, Flint initially targeted domestic startups. Since then, …

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Yandex.Taxi launches in Ukraine

March 2, 2017

In late October Yandex, the Russian search giant, launched taxi booking service Yandex.Taxi in Ukraine. The service – which operates exclusively in partnership with taxi companies – is available exclusively in Kyiv (Kiev), but Yandex plans to expand it beyond the Ukrainian capital. “Our next targets are Odessa, Kharkov (Kharkiv) and Dnipro [previously known as Dnepropetrovsk or …

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Intento aims to build “the Google for IM and chat bot content”

July 13, 2020

As instant messengers (IM) are getting increased traction — even more than the classic Internet and social networks for certain user categories — Intento offers a new way to explore their content, which is generally ignored by traditional search engines. The startup claims to have developed “the only automatic crawl-and-search engine indexing the content of …

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Mail.ru Group acquires Rocket Internet’s Russian food delivery business for $100 million

November 3, 2016

Today Mail.ru Group, a leading, LSE-listed Russian Internet company, announced the acquisition Delivery Club, the number one food delivery company in Russia owned by Rocket Internet’s Foodpanda. The Russian group is acquiring 100% of Delivery Club for $100 million in an all cash transaction, with 90% of the amount to be paid in November and the remaining part …

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Russian fund IIDF teams up with billionaire Arkady Rotenberg to invest up to $50 million in edtech startups

April 27, 2017

The Russian textbook publishing house Prosveshchenie (‘Enlightenment’ in English) has agreed with the Internet Initiatives Development Fund (IIDF, or FRII in Russian)  to jointly launch an accelerator for edtech startups. The publishing house — of which Russian billionnaire Arkady Rotenberg is chairman and a shareholder — intends to invest up to 3 billion rubles (approximately $48 million …

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Report: Russia’s online economy accounts for nearly 2.5% of GDP

October 13, 2016

The Russian online economy reached 1.94 trillion rubles (roughly $31 billion at the average exchange rate) in 2015, according to “The Runet Economy,” a study released last month by the Russian Association for Electronic Communications (RAEC). This amount is equal to 2.4% of Russia’s gross domestic product, slightly more (0.2 percentage points) than in 2014. Due …

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UK edtech startup receives Russian money to “bring VR and AR to chemistry education”

February 26, 2019

UK-based education service MEL Science announced today the completion of its Series A funding round with Sistema VC injecting $2.5 million in the company. MEL Science claims that its subscription service, which features nearly 40 interactive chemistry sets, is “changing science education” by “incorporating for the first time the virtual reality (VR) and augmented reality (AR) into a single …

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Yandex launches global partnership program to preinstall its apps in Android-powered devices

October 12, 2016

Yandex, the Russian search giant, is launching today a global partnership program for Android handset manufacturers and telecom operators, covering 15 countries. The move is coming as Yandex is seeking ways to get more traction in mobile, where it is loosing its leadership to Google on the Russian market. Manufacturers of Android handsets and telecom operators are …

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