E-Commerce

Russian food delivery company secures $5 million from international marketplace Joom

November 12, 2020

iGooods, a major product delivery company in Russia, has agreed a “strategic partnership” with Joom. This Russian-founded international marketplace has disbursed 325 million rubles (around $4.9 million at the current exchange rate) in exchange for a  10% stake in iGooods. The deal was closed in mid-August, as announced by the companies.  Last year iGooods already attracted …

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Get your free ticket to giant E-Commerce Expo in London (Sept. 25-26)

September 8, 2019

With more than 15,000 delegates, 350 speakers and 250 exhibitors, the London E-Commerce Expo (#ECE19) is the must-attend event for everyone involved in B2B or B2C ecommerce. Supported by industry association IMRG, the event will allow you to learn from the brightest brains and biggest brands. It is articulated around five themes: Omnichannel Cross border Delivery & …

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How a Russian ice cream company generates hot profits with artificial intelligence

October 2, 2019

This summer, a major ice cream manufacturer in Russia, Chistaya Liniya (Pure Line), integrated a new solution for shelf image recognition. This AI-powered technology, developed by the Moscow-based startup Inspector Cloud, allows Chistaya Liniya to audit coolers, analyze product and staff data, and ultimately drive sales. For image recognition, ice creams are more of a …

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Russia’s Dostavista raises $15 million to conquer the “limitless” global crowdsourced delivery market

August 22, 2019

Earlier this month Dostavista, an international crowdsourced delivery service with Russian roots, announced the completion of a $15 million Series B funding round. The deal was led by Vostok New Ventures, a Swedish investment firm which is actively involved in the Russian VC market, with participation from existing investors Flashpoint and AddVenture.  Founded in 2012, Dostavista already raised …

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Global air ticket booking systems required to comply with Russian personal data localization law by 2021

August 16, 2019

Starting from October 31, 2021, the personal data of Russian citizens who book domestic flight tickets will have to be stored on servers located physically on Russian soil. This new requirement stems from a decree signed in late July by Prime Minister Dmitry Medvedev in application of a 2014 law on personal data storage in …

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In Saratov, a delivery man brings food on horseback

November 12, 2020

A Delivery Club courier has been spotted roaming the streets of Saratov, central Russia, riding a white horse, reports The Moscow Times, citing the Russian online publication TJournal. The man was photographed with the company’s typical green shirt and backpack. “I’m already being called the courier on the white horse around the city,” he was …

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Major Russian bank to launch marketplace to sell seized assets

August 2, 2019

VTB, a major Russian state-owned bank, intends to launch a marketplace to sell such non-standard assets as seized apartments and cars from insolvent debtors, as reported by Russian business daily RBC. The marketplace will provide a wide range of services related to the purchase, registration, moving, repairs, and upkeeping of the purchased properties purchased. Scheduled for …

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Sberbank acquires logistics service provider Shiptor

November 12, 2020

Yesterday Sberbank announced the acquisition of Shiptor, a mid-sized logistics and delivery service provider. This acquisition is laying the foundation of ‘SberLogistika,’ a service which will be “integrated with all the systems of bank and its ecosystem,” as stated by the bank. The terms of the deal have not been disclosed.  Last month Sberbank started …

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AliExpress to supply Chinese goods to Russian offline retail networks

July 31, 2019

AliExpress, the Chinese B2B marketplace that dominates the Russian cross-border e-commerce market, is testing its first sales to offline retail outlets. This activity could account for up to 10% of AliExpress Russia’s business, company representative Anton Panteleev told the Russian business daily Vedomosti.  The Chinese company aims to provide small and mid-sized local chains with …

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Financial Times: Hopes of a ‘Russian Amazon’ hit by corporate rift

August 28, 2019

Yesterday the Financial Times published a long article analyzing the relationship between the Russian financial behemoth Sberbank and leading tech company Yandex. Following insisting rumors and recent market news, the British business daily puts at doubt the robustness of the e-commerce joint venture between the two companies.   “When the Russian banking giant Sberbank launched …

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Sberbank’s alliance with Mail.ru Group puts its partnership with Yandex under question

November 12, 2020

In a move that could have far-reaching strategic implications, Mail.ru Group and Sberbank – two giants of the Russian Internet listed on Western exchanges – yesterday announced a joint venture project to develop ride-hailing and food delivery activities. This is the first-ever cooperation of that type between these two companies, the Mail.ru Group press service …

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Russia’s largest housing developer acquires stake in Samokat e-grocery service

July 30, 2019

PIK Group, Russia’s largest residential property developer, has invested in the St Petersburg-based Samokat e-grocery service, Russian business daily RBC reported. The financial details of the deal were not disclosed. According to official company registers, PIK acquired 27% of Samokat through its Cyprus- and Russia-based mother companies. Among Samokat’s other major shareholders are Vladislav Bocharov (24%) and …

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