Cross-Border Sales

Online hotel booking service Oktogo.ru acquires information portal Travel.ru

September 13, 2013

Last week Oktogo.ru announced the acquisition of information portal Travel.ru for a price of “up to $2 million including stock incentives,” according to a company statement. Founded in 1998, Travel.ru is one of the oldest resources in the Russian-language online travel segment. It reaches approximately 1.7 million users each month with up to 5 million page …

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Midemlab contest 2014: A call to Russian startups

September 11, 2013

In partnership with East-West Digital News, Midem, the leading international b2b event dedicated to the new music and entertainment ecosystems, cordially invites Russian startups to midemlab. This major startup and app developer competition will take place in Cannes, France, from February 1 to February 4 of next year. If you have a built the next solution that will …

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Moscow startup Goodwin turns magazines, TV screens, and subway advertisements into supports for mobile commerce

September 9, 2013

While Russian retailers are experimenting increasingly with multichannel approaches, Goodwin, a Moscow-based startup that has just secured seed investment, is introducing a pioneering mobile commerce project. Inspired by the Amazon Flow concept, Goodwin lets smartphone owners buy products from “virtual storefronts” – which can be almost anything from an article in a magazine, to a …

Moscow startup Goodwin turns magazines, TV screens, and subway advertisements into supports for mobile commerce Read More

Children’s goods online retailer Babadu.ru contends for market leadership after raising sizeable venture investment

September 9, 2013

In late August, Babadu.ru, an online children’s goods retailer, secured an investment of “a few million US dollars” from Target Ventures, a Russian fund that invests in the consumer goods industries. The funds will be used to strengthen the company’s existing projects and launch new ones, so that the company can reach a “leading position” …

Children’s goods online retailer Babadu.ru contends for market leadership after raising sizeable venture investment Read More

From clothing to consumer electronics, Amazon enlarges product assortment available to Russian consumers

September 5, 2013

Earlier this week, marking a new step in the development of its cross-border activity, Amazon started to ship consumer electronic and digital technology products directly to Russia, the Russian information portal Lenta.ru reported. In June, Amazon had already begun to ship household goods, clothing, shoes, and accessories to Russia. These news product categories came into …

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Russian Customs Service may double the number of customs officers to better deal with mail from abroad

August 17, 2013

The Federal Customs Service (FCS) of Russia may add between 300 and 500 new employees before the end of the year to help deal with the growing number of parcels sent to Russia from abroad. The Ministry of Communications, also charged with reforming the inefficient Russian Post, requested this staff expansion for the Customs service …

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Cross-border sales operator Bay.ru secures $4 million

August 5, 2013

In late July, Bay.ru (Bayru), a leading cross border sales operator facilitating Russian consumers’ purchases from eBay, Amazon, and other international e-commerce sites, announced that it had raised $4 million to strengthen its marketing and fulfillment capacities. The funds were brought in by existing and new investors from the US, Europe, and Asia. Neither the …

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BIT Contest announces Global Track nomination winners

November 19, 2014

The BIT Contest, Russia’s largest tech competition for innovation startup projects, announced the winners of its Global Track program on Monday. This year marks the 10th edition of this competition, which originally drew inspiration from the U.S.’ MIT $100K and Mass Challenge. The Global Track, co-sponsored by Intel and RVC, the state-owned fund of funds dedicated …

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Arvind Sodhani and Marcin Hejka of Intel Capital: “We’ll invest in as many good opportunities as we can find in Russia.”

July 16, 2013

How difficult is Russia as an investment destination for an international investor? Acclimation, at least, is not a problem, according to Intel Capital’s President Arvind Sodhani who celebrated the fund’s ten years of activity in Russia earlier this month. “I imagine Moscow as a city covered by 10 feet of snow, but every time I …

Arvind Sodhani and Marcin Hejka of Intel Capital: “We’ll invest in as many good opportunities as we can find in Russia.” Read More

KupiVip, Otto Group, and Ozon turn into e-commerce service providers in a more and more competitive market

August 6, 2017

Three leading e-commerce companies – KupiVip, Ozon, and the Otto Group – have started sharing the fulfillment and other service capacities that they had initially built for themselves. Coming in addition to those of such players as Arvato and Beta Production (fulfilment and warehousing), as well as B2C-PL, CDEK, DHL Global Mail, DPD, and SPSR (delivery), these offers contribute to improving fulfillment conditions in this huge …

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Office supplies retailer Live Office migrates online and goes public

July 12, 2013

This Monday, St. Petersburg-based Live Office announced the completion of its initial public offering on the Moscow Stock Exchange. The 4 million shares, or 33% of the company’s equity, were offered at 129 rubles (approximately $4) per share, valuing the company at about $47.4 million. Established in 1996, the company claims to serve 7,000 corporate …

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