USM Holdings, which is controlled by Alisher Usmanov and his business partners, has entirely divested its stake in Chinese Alibaba. DST Global, a fund controlled by Usmanov and Yury Milner, Silver Lake and Chinese fund Yunfeng Capital led a consortium that invested $1.6 billion in Alibaba in 2011. The deal was structure as an acquisition …
Usmanov sells off entire Alibaba stake, retains small stake in Apple Read More
Instamart, a Moscow-based startup that organizes food deliveries from offline retail outlets, has just raised 100 million rubles (approximately $1.6 million at the current exchange rate) from Mail.Ru Group and Ilya Yakubson, a figure of the Russian grocery retail industry. Inspired by the success of Californian unicorn Instacart, the Russian startup launched in 2013. Instamart now serves Moscow …
Mail.ru Group invests in food delivery startup Instamart Read More
Sberbank of Russia, the country’s largest banking institution, is planning to set up what it describes as a national e-commerce ecosystem with the use of its own resources and infrastructure. The system would be based on the model used by major international e-commerce platforms such as Alibaba Group of China. It is understood that the project will …
Sberbank mulls launch of national e-commerce system in Russia Read More
Cainiao, the logistics arm of Chinese e-commerce giant Alibaba Group, intends to launch its services in Russia, the business daily Kommersant reported today. The move will support the development of the group’s e-commerce activities in Russia. With almost 22 million monthly web users in Russia, Alibaba’s B2C marketplace, Aliexpress, is the leading e-commerce player in the …
Payment and e-commerce professionals from all across Europe, including Russia, are cordially invited to the international Merchant Payments Ecosystem (MPE2017) conference and expo, which will take place in Berlin, February 14-16, 2017. Europe’s top event about merchant payments, MPE 2017 is about CX, POS and card acquiring. It will feature 300+ CXOs and MDs, 150+ speakers, 1000+ of participants …
Bonusway, a company which operates cash-back platforms in Finland, Russia, Sweden and Turkey, has received a capital injection of €3.7 million from Buran Venture Capital, a VC firm with Russian and Hungarian roots, and Finnish fund Vision Plus. A €3.2 million bank loan has been provided by Nordea and Finnvera as an additional part of the package. …
Today Mail.ru Group, a leading, LSE-listed Russian Internet company, announced the acquisition Delivery Club, the number one food delivery company in Russia owned by Rocket Internet’s Foodpanda. The Russian group is acquiring 100% of Delivery Club for $100 million in an all cash transaction, with 90% of the amount to be paid in November and the remaining part …
Mail.ru Group acquires Rocket Internet’s Russian food delivery business for $100 million Read More
Exemplifying the globalization of Russian venture capital, Ru-Net has made a variety of investments in the USA, Europe and Asia, mostly in the field of e-commerce. While continuing to support its portfolio companies, the fund does not intend to enter new markets, said its founder Leonid Boguslavsky, a figure of the Russian venture scene, in a recent interview with the …
USM Holdings, a company controlled by Russian billionaire Alisher Usmanov, is about to invest 500 million rubles (approximately $8 million at the current exchange rate) in tax data operator OFD.RU. The news was reported earlier this month by business daily Kommersant, based on exchanges with representatives of both companies. The funding will be spent on …
Alisher Usmanov invests $8 million in tax data operator OFD.RU Read More
Russian Railways (RZD) and Russian Post, have agreed to transport mail between China and Europe by interstate rail transport, the railways company reported earlier this month. The agreement, which was signed in the form of a roadmap at Sochi-2016, an international investment forum, on September 30, aims to address the growing demand for international shipping of letters and …
Russia to develop direct rail transport corridor from China to Europe Read More
Russian crowdsourced courier service Dostavista has raised $800,000 and entered the Indian market, Russian tech blog Firrma.ru reported last week, citing exchanges with the company. The deal, which took place in the spring of this year, involved several unnamed Russian individual investors who had already put money in the company. Before this round, Dostavista had raised 22 million …
Crowdsourced delivery service Dostavista raises $800,000 and develops internationally Read More
Nearly half of Russian online shoppers make purchases via their smartphones, but an almost equal amount distrust online payment systems, according to new research by Nielsen. In the last six months, 44% of Russian online consumers used mobile devices to purchase goods or services at least once, according to the Nielsen survey. The global average was 38%. According …
Report: Almost half of Russian users shop on smartphones Read More
