In a bid to enhance cross-border sales operations from the U.S. to Russia, mail forwarder Bay.ru (Bayru) has launched its own fulfilment service, which it expects to serve half of its delivery operations by the end of the year. Christened Dostami Express, the new service has required as much as $700,000 in investment since the …
Cross-border sales operator Bay.ru launches in-house fulfilment service Read More
The Apple website in Russia, now features an Apple Online Store, and Russian consumers will be able to purchase Apple devices directly from the company’s website. Any Apple device can be bought from the store, including the iPhone 5, which starts at 29,990 rubles ($909). Online customers can pay by bank card online or pay …
Kaspersky Lab, a Russian-based provider of global IT security with headquarters in the U.S., has released a study called “The evolution of phishing attacks: 2011- 2013,” which lists Russia among the countries from which such attacks are launched most frequently. According to the data obtained from some 50 million users through the Kaspersky Security Network …
Russia is among the main sources of phishing – and also a main target Read More
Russian furniture e-retailer Mebelrama.ru, which had been backed by Germany’s Rocket Internet, is shutting down, the company’s co-founder Manuela Stoll confirmed in an exchange with East-West Digital News. In late 2012, the startup landed a $10 million financing round from Rocket Internet, but at present the decision was made to shut the project down.
Moscow-based startup Travelata.ru has just raised $5 million in a Series A round from Polish private equity fund MCI Management. The capital injection went through Invia.cz, one of MCI’s portfolio companies, which sells package tours online in the Czech Republic and four other Eastern and Central European countries. The funding will be used to further …
Package tour reseller Travelata.ru secures $5 million investment from Poland’s MCI Read More
Russian hotel booking service Ostrovok.ru, which has been generously funded by Western and Russian investors since its launch in 2010, has laid off about a third of its staff in order to optimize operations and secure more investments. The company’s co-founder Serge Faguet made the move public in a corporate blog post published yesterday in …
In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the recurring use of its service easier. Once a user’s bank card is registered for a first-time payment, subsequent payments are pre-authorized based on information …
Online dating service Mamba introduces one-click payments Read More
Even as the market was still responding to the shock of Lamoda.ru’s enormous round of financing, Ozon Holdings’ CEO Maëlle Gavet said during an interview yesterday with The Next Web, in partnership with East-West Digital News, that her company aims to control directly or indirectly 80% of the Russian online retail market within ten years. …
Lamoda.ru, one of Russia’s four leading online fashion retailers, has just secured $130 million from Access Industries, Summit Partners and Tengelmann. The transaction marks the most significant investment volume in the history of Russian e-commerce, topping a $100 million funding deal completed in September 2011 for Ozon.ru. Lamoda offers more than 1,000,000 products and 800 international brands. It …
Sergey Rumyantsev, CEO of Enter.ru, told the audience at the Global E-Commerce Summit in Barcelona yesterday, that while the Top 30 of Russian e-commerce operators generate 50% of the total online turnover, the rest is generated by over 30,000 e-commerce players. Those smaller companies, which are often not reliable nor complying with the law, appear and disappear …
Hundreds of e-commerce players appear and disappear every month Read More
With online cross-border sales from China to Russia growing dramatically over the past two years, DinoDirect, a major Chinese online retailer, has now announced the launch of “Osell,” a B2B offer targeting Russian e-merchants of all sizes – including thousands of individual entrepreneurs operating through small sites and social networks – as a first step toward …
China’s DinoDirect launches huge sourcing platform for Russian e-merchants Read More
Last week, PayPal received its license as a “Non-Credit Banking Institution” (NCBI) from the Central Bank of Russia. The international online payment giant is now allowed to work in accordance with the country’s law on payments, which was enacted in 2011. The first step of the approval procedure was completed in March. “PayPal Russia is now preparing its …
PayPal receives license from Russian central bank; plans official launch “later in 2013” Read More
