Digital services & Apps

Russia’s prosecutor writes to Apple and Google CEOs, foreign affairs ministry summons US ambassador over “election interference”

September 18, 2021

In the run-up to Russia’s Sept. 17-19 parliamentary elections, as the authorities have been purging the field of almost all genuine opposition politicians, the battle against dissent is also raging online. In recent weeks, among other measures, the authorities barred dozens of websites linked to jailed Kremlin critic Alexey Navalny, including his main website navalny.com. They had Yandex …

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Cian, Delimobil target New York IPOs this autumn

November 9, 2021

Russian car-sharing major Delimobil and online real estate classifieds leader Cian are considering US IPOs this autumn, hoping to raise around $350 million each, according to “financial market sources” cited by Reuters on Tuesday.  Delimobil, which announced a $75 million private equity round this past June, is now eyeing a $350 million listing on the New York Stock Exchange and a …

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Russian search engine delists Navalny’s tactical voting site after ban

September 12, 2021

Russian tech firm Yandex said on Tuesday it had removed jailed Kremlin critic Alexei Navalny’s tactical voting website from its search engine to comply with a government ban ahead of a parliamentary election this month. Navalny and his allies want to use the website and a separate app, dubbed ‘Smart Voting,’ to organise a tactical …

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Russia accuses Apple, Google of election interference

September 3, 2021

Russia said Thursday that Google and Apple’s refusal to remove jailed Kremlin critic Alexei Navalny’s app ahead of elections could be seen as interference in the country’s domestic affairs. The country is holding parliamentary elections later this month, with nearly all vocal Kremlin critics including Navalny’s allies barred from running.  Roskomnadzor, the Internet and telecom …

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Yandex buys Uber out of food delivery partnership in $1 billion deal

September 1, 2021

Yandex has struck a $1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia, the company announced Tuesday.  Yandex and Uber first combined their ride-hailing businesses in 2017, with a deal to merge their operations in Russia and a number of other ex-Soviet countries. This partnership has seen the pair cement …

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Delivery service Dostavista raises $35 million from top investors, rebrands to ‘Borzo’

February 18, 2022

Dostavista, now rebranded to Borzo, has completed an impressive Series C round, raising $35 million from a bevy of major international investors. This urban delivery service with Russian roots has been backed by the RDIF, Russia’s sovereign wealth fund (which made an early announcement about the deal in June); Mubadala, its Emirati peer; VNV Global, a major …

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Women’s e-learning platform from Russia raises $3.3 million to go global

August 6, 2021

Academy of Changes (Академия перемен), a Russian edtech platform intended for women, has closed a 242 million ruble ($3.3 million) round of funding, some 18 months after inception early last year. The funding was provided by TMT Investments, a London-based fund with Russian connections, and by the corporate fund of MTS, the Russian mobile major …

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Sber and Yandex invest piles of rubles in digital services and e-commerce

August 4, 2021

In the first half of this year Sber, the state-controlled financial and digital giant (previously known as Sberbank), invested some 73 billion rubles (around $1 billion) in its digital ecosystem, a company representative told business daily Vedomosti. These investments account for 11.5% of Sber’s net profit for H1 2021 (630 billion rubles).  Sber’s investments in this field are accelerating dramatically: …

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Russian GetCourse secures $50 million from top investors, expects to generate $1 billion in GMV this year

July 26, 2021

Baring Vostok, the Russian PE/VC giant, Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin, and Goldman Sachs have invested $50 million in GetCourse.  This Russian edtech startup allows its customers — more than 20,000 schools, trainers, coaches and bloggers — to create, deliver, promote and sell their own educational content.  The service, which …

Russian GetCourse secures $50 million from top investors, expects to generate $1 billion in GMV this year Read More

Baring Vostok invests $6 million in high-tech travel booking platform

July 22, 2021

Level.Travel, a Russian platform for searching and booking tours online, has raised $6 million from Moscow-based PE/VC giant Baring Vostok, in exchange for a minority stake. Previous investor Guard Capital, a Moscow-based VC, is keeping its stake in the company’s capital. No further details of the deal were disclosed. Founded ten years ago by Dmitry Malyutin, Ellin …

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Russian maintenance service marketplace Wowworks raises $3.6 million to become a global major

December 31, 2024

Wowworks, a Moscow-based startup providing corporate clients with a variety of maintenance services, has raised $3.6 million from three VCs: AddVenture, one of the most established VC firms with Russian roots; DV Capital,  a recently-founded, Moscow-based VC firm; and LVL1, a vehicle of Russian-Israeli tech investor Lev Leviev.   Back in 2017, the startup already secured $1 million from …

Russian maintenance service marketplace Wowworks raises $3.6 million to become a global major Read More

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