Digital services & Apps

Russian firm Okko outshines iTunes to dominate dynamic local paid VOD market

November 17, 2014

A local player is leading the Russian paid video-on-demand (VOD) market, having recorded dynamic growth throughout 2014. Okko (formerly Play) offers a smart TV digital service that has taken a commanding lead in the paid segment, recording revenue twice the size of direct competitor iTunes in H1 2014, according to the latest research by J’son …

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Microsoft scraps Russian schools tablet program over Rotenberg blacklisting

November 3, 2014

Microsoft has suspended plans to provide tablets to Russian schools under a deal expected to benefit a textbook publisher headed by Kremlin ally Arkady Rotenberg, citing “concerns” over Western sanctions, a news report said. According to an agreement signed in late September, Microsoft would “provide free of charge, to [publisher] Prosveshcheniye, the same type of technical assistance that [it] provides at no cost to thousands of schools and publishers worldwide,” Microsoft said …

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Almaz Capital, Fastlane Ventures and e.Venture inject $2 million in CarPrice.ru

October 28, 2014

Last week online car sales and valuation service CarPrice.ru received $2 million in seed investment. The principal investors were Almaz Capital, Fastlane Ventures, e.ventures along with several other Russian and foreign funds. The company was founded very recently, in June of this year, by Edward Gurinovich, Oskar Hartmann, Alexander Danilov and Artem Bolshakov.

IIDF supports online project to turn “angry citizens” into “satisfied citizens”

December 26, 2018

Earlier this month the IIDF (FRII in Russian, a major fund launched last year to support Russian Internet startups), announced an investment of 44 million rubles (approximately $1.1 million) in Intelligent Social Systems. This company develops IT projects for facilitating effective interaction between the public and state agencies and commercial organisations. Its first project was “Angry Citizen,” …

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Yandex announces Q3 2014 financial results

October 23, 2014

Amsterdam and Moscow – Yandex (Nasdaq:YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the third quarter ended September 30, 2014. “Q3 was another strong quarter notable for an acceleration in growth of our owned and operated properties and excellent cost control,” said Arkady Volozh, …

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St. Petersburg international conference to address e-governance challenges across Europe and Asia

October 23, 2014

The international conference “Electronic Governance and Open Society: Challenges in Eurasia” (EGOSE 2014) will take place in St. Petersburg, Russia, on November 18-20, 2014. The EGOSE 2014 aims to address the main issues of concern within the Information Society, e-government, e-governance, and e-democracy. The conference provides a platform for networking and collaboration between e-governance experts in the …

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Runa Capital invests in global social learning network Brainly

October 17, 2014

Brainly, a global social learning network designed to allow students to help each other with schoolwork, has completed a $9 million Series A funding round with the participation of several major venture funds. Among them are General Catalyst Partners, who led the round, Runa Capital, a venture firm operating globally from its offices in Moscow …

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Report: Russian digital TV market rapidly maturing

October 14, 2014

Russia is undergoing continued digital development, with growth across all pay-TV platforms as well as increasing uptake of smart TVs, according to the latest research by J’son & Partners Consulting, a leading Russian tech consulting agency. Improved telecoms infrastructure in rural and urban areas, increasingly affordable pricing, and a greater variety of digital offerings are …

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E-commerce leader Ulmart acquires satellite TV distributor No Limit Electronics

October 3, 2014

Ulmart, the leading Russian e-commerce company, whose sales exceeded $1 billion last year, is in the process of acquiring Satellite Company, which operates No Limit Electronics, a leading distributor and retailer of digital TV equipment. Satellite Company, which expects a turnover of around $375 million this year, has been valued “somewhere between $200 million and …

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AmazingHiring attracts $500,000 from Ukrainian fund SMRK and Russo-Austrian angel investor Igor Ryabenkiy

October 2, 2014

AmazingHiring, a Moscow-based service for finding IT professionals, has attracted $500,000 in a second seed round, with equal contributions brought in by SMRK, a Kiev-based venture fund, and Altair, the seed-stage fund backed by Russo-Austrian serial investor Igor Ryabenkiy. The startup is developing a search engine and browser plug-in for Chrome that recruiters can use to search …

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Telecom regulator Roskomnadzor wants Google, Facebook and Twitter to register

October 1, 2014

The Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has informed Facebook, Gmail and Twitter that they must register in Russia as “organizers of distribution of information,” according to Russian legislation. “We informed them and one way or another we will force them to follow the law,” …

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Yandex launches home service marketplace

July 14, 2016

Yandex, the Russian search giant, has launched an online marketplace for household services. The new platform encompasses a variety of services ranging from appliance repairs and installations, to home cleaning, computing assistance and courier services. The marketplace lists service providers’ information, including their prices and client reviews. Consumers can leave their feedback and also rate the quality of …

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