E-Commerce

Sistema Asia Capital backs yet another Indian food delivery startup

September 28, 2018

Earlier this month Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, took  part in a $25 million Series C funding round for Licious, an Indian online meat and fish ordering startup. The funding round was led by Bertelsmann India Investments, UCLA, and Vertex Ventures Southeast Asia & India, while Mayfield …

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Mitsubishi Corp. and Mail.Ru Group invest in car selling site Autospot

September 15, 2018

Mitsubishi Corp. and Mail.Ru Group have invested $4.1 million in car selling site Autospot, in exchange for a 21% stake in the company – setting the company’s post-money valuation at $19.1 million. The news was reported by the business daily Vedomosti based on exchanges with Autospot’s general manager Dmitry Andreev. Autospot allows its users to buy a …

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Alibaba and Mail.Ru Group join forces to create “one-stop platform for social, communications, gaming and shopping”

October 15, 2018

Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) today announced a “strategic partnership” that encompasses such a wide area as e-commerce, social media, online entertainment and communications combined. The agreement aims to leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a …

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Xiaomi launches e-commerce site in Russia

September 11, 2018

In late August Xiaomi, a leading Chinese electronics corporation, launched Mi.com, its official e-commerce site in Russia. The brand’s new Android-powered models — Mi A2 and Mi A2 Lite — will be presented in Russia on the occasion of the launch. The company is planning to continue enlarging its assortment aimed at Russian customers. Besides …

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Sistema’s Asian venture arm invests in Indian health product marketplace

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam, have invested for the second time in Indian healthcare startup Netmeds. As reported by Techiexperts, they have just participated (with undisclosed contribution) in a $35 million Series C round which also involved Daun Penh Cambodia Group …

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Alibaba, Mail.Ru and Russian Direct Investment Fund in talks to launch e-commerce platform

August 30, 2018

Alibaba, Mail.Ru Group and the Russian Direct Investment Fund (RDIF) are in discussions to create an e-commerce joint-venture in Russia. No official statements have been made, but unnamed insiders have told the news agency Interfax and the business daily Kommersant that the discussions are “at an advanced stage.” Alibaba is a major player on the Russian …

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Yandex.Money launches advanced mobile payment services for e-merchants

July 25, 2018

Earlier this month Yandex.Checkout, the B2B branch of Yandex.Money, announced an update of its mobile software development kit (SDK). This SDK – an open-source software licensed by Massachusetts Institute of Technology (MIT) – already allowed e-merchants with a mobile app to accept payments with bank cards and e-wallets. It now includes mobile payments via Apple Pay, Google Pay, and Sberbank Online Mobile Bank. The …

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E-commerce SaaS publisher PimPay secures more than $3 million from IIDF

July 24, 2018

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced that it invested 200 million rubles (around $3.1 million at the current exchange rate) in the microcredit and factoring startup PimPay. The fund has received a minority share; no other details of the deals have been disclosed. The PimPay …

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Russian DIY marketplace secures $500,000 from international business angels and VCs

January 16, 2021

GdeMaterial, Russian DIY marketplace, has attracted $500,000 from Niels Tonsen, Burkhard Binder and Dominik Picker, co-founders of fashion retailer Lamoda.ru, as well as from Vadim Fedotov, ex-CEO of Groupon Russia and Gazprom-Media Technologies. The news was reported earlier this weeek by Russian business daily Kommersant. Other investors included Impulse VC, a venture fund which is reportedly affiliated to …

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