While planning for a European trip, Alexander Artyukhin spotted a gap in the market for independent travel planning services. As a result he set up his own startup aimed at helping clients organize the details of their trips abroad, from hotel bookings and tickets to local recommendations. As the Russian entrepreneur was setting out on a …
Going it alone: Startup offers independent travel at the click of a mouse Read More
After his departure last month from the position of CEO at VKontakte (VK.com), the social networking site he founded, Pavel Durov announced on Facebook that he has established his “temporary HQ” in an undisclosed “Central European” country. Durov is now working on a new mobile social network, which should launch in autumn of this year. With …
Russia’s search giant Yandex has teamed up with Moscow’s Higher School of Economics (HSE) in order to launch a new computer science faculty at the university. From September 2014 students will be able to enrol in ‘Applied Mathematics and IT’ and ‘Software Engineering’ courses at the faculty, which will offer 180 free places. According to the faculty’s …
Yandex opens new faculty at Moscow’s Higher School of Economics Read More
Earlier this month Yandex, the Russian search giant, released an update of its Russian travel industry report with a focus on the flight tickets market. The report includes a wide range of topics including: Consumer interest and growth in the air ticket, hotel and packaged tour markets Overall interest and conversion growth in the flight ticket …
Bulgaria, Russia and Turkey most demanded flight directions among Yandex users Read More
The Russian government is to get its own search engine. Rostelecom, the national telecom operator, is planning to launch the new service, called Sputnik, within a matter of weeks, the Russian business daily reported last week. Sputnik first came to the public’s attention in October of last year, when it became clear that Rostelecom was actively trying …
Move over Yandex – State owned telecom to launch its own search engine Read More
With a few ill-chosen remarks, Russian President Vladimir Putin has crashed the share price of his country’s largest Internet company, the Google-beating search engine company Yandex. At the time of this writing, Yandex NV, the Dutch-registered parent company of Russia’s search giant, was 16 percent down on Nasdaq. All Russian shares were doing badly because …
Netology, a major Russian online education platform featuring interactive video courses, announced last week that it had completed a Series A round of financing from InVenture Partners, a $100-million Russian venture fund. The amount of the transaction was not disclosed, but the company stated that the investor had secured a minority stake based on a $5.6 …
E-learning platform Netology raises Series A funding round from InVenture Partners Read More
Russian seach giant Yandex has completed the sell-off of its Facebook shareholding. Commenting on Yandex’s Form 20-F annual report for foreign private issuers, the Russian business daily Vedomosti estimated that a 142,479 share package sold in two chunks over the past 12 months may have brought the Russian Internet company $8.1 million – a fairly …
Dreamroomer, which won the Startup Battle at TechCrunch Moscow in December 2013, has raised investment from San Francisco fund 415x Inc. The project has created a service that aims to turn the property rental market on its head by helping landlords to find tenants, instead of vice versa. Property owners add their apartment to DreamRoomer’s …
TechCrunch Moscow winner Dreamroomer attracts US investor Read More
Three weeks after Russia asserted that Crimea and the city of Sebastopol have become part of its territory, Facebook and Russian-language social network Vkontakte still categorize the inhabitants of these regions as being located in Ukraine. Meanwhile, two other major social networks, Odnoklassniki (Classmates) and Moi Mir (My World), have already classified them as being part …
Last month St. Petersburg startup FlexyMind closed its second round of funding with an investment from RWM Capital, a Russian fund management firm, for further development of its educational gaming apps for mobile devices, reported Marchmont News. Neither the amount of the transaction nor the startup’s valuation were disclosed. Near-term plans for the young company …
St. Petersburg educational gaming app publisher FlexyMind secures Series A funding round Read More
Movie theaters around Russia have begun screening new film “Startup”. Russia’s answer to U.S. box-office hit “The Social Network”, the movie tells the story of a pair of Moscow students in the mid-90s who create an internet search engine that becomes one of the largest in the world. Startup is the first Russian film about …
Telling the Yandex story: ‘Startup’ gets off the ground Read More
