E-Commerce

Hubert Burba Media invests in Russian educational e-commerce site Bimbasket

October 8, 2014

Earlier this week the global German media company Hubert Burba Media announced their investment in Russian educational e-commerce site Bimbasket.  Burda received a “strategic share” in the startup in exchange for a cash injection combined with media campaigns using the media-for-equity model. Neither the amount of the deal nor the startup’s valuation have been disclosed. Launched in early 2013, Bimbasket enables parents …

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Yandex acquires PriceLabs, gets a divorce from MultiShip

October 7, 2014

Yandex’s strategy to develop its marketplace, Yandex Market, saw new developments in the past few weeks. The company acquired PriceLabs, the developer of a price monitoring and optimization solution, and abruptly ended cooperation with MultiShip, an aggregator of delivery service offers in which Yandex had invested earlier this year. The Russian search giant did not …

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E-commerce leader Ulmart acquires satellite TV distributor No Limit Electronics

October 3, 2014

Ulmart, the leading Russian e-commerce company, whose sales exceeded $1 billion last year, is in the process of acquiring Satellite Company, which operates No Limit Electronics, a leading distributor and retailer of digital TV equipment. Satellite Company, which expects a turnover of around $375 million this year, has been valued “somewhere between $200 million and …

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Russia wants its own Booking.com

September 30, 2014

Russia could create a national online hotel booking platform, RIA Novosti and CNews.ru reported last week, citing Culture Minister Vladimir Medinsky. “There are plans to create [such a] system. Now we are looking very actively for business partners who can create a Russian analog to Tripadvisor or Booking.com,” Medinsky said at a Public Chamber session in …

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Lamoda’s losses exceeded $50 million in 2013; site exposed to risk due to international tensions

September 29, 2014

Internet clothes and shoes store Lamoda chocked up losses last year, according to the IPO prospectus of business incubator Rocket Internet. In spite of the fact that its revenue more than doubled, its net loss was 1.7 billion rubles (approximately $53.4 million). These figures had not been disclosed previously. According to the prospectus, Lamoda had …

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Almaz Capital leads $4 million funding round in US e-commerce solution provider

September 26, 2014

This past Wednesday Content Analytics, an analytics platform that recommends e-commerce catalog optimization strategies, announced it secured a $4 million Series A funding led by Almaz Capital. Geoffrey Baehr, a general partner at Almaz Capital, has joined the startup’s board of directors. Also participarting in the round is dunnhumby Ventures, the venture capital arm of a …

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Russia Partners sells US startup with Ukraine-based IT team to Japan’s Rakuten

September 23, 2014

Earlier this month Russia Partners, the Moscow-based private equity affiliate of global alternative investment firm Siguler Guff & Company, announced that Rakuten acquired Slice, a portfolio company in its technology fund. The details of the deal have not been revealed. Over the past few years, the Japanese online retail company has invested several billion dollars in …

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US investors sail away from Ostrovok.ru

September 17, 2014

Early last year, Russian travel booking site Ostrovok.ru raised $28 million in a Series B round led by General Catalyst Partners, to much fanfare. By the end of the year, however, both General Catalyst and another investor, Accel Partners, had quietly divested their holdings, as Dow Jones VentureWire reported this morning. General Catalyst Managing Director and Co-Founder Joel Cutler confirmed that …

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International e-marketing expert Bas Godska: “Digital marketing in Russia is hotter than ever before, and young professionals are craving for knowledge”

September 16, 2014

Dutch online marketing expert Bas Godska came to Russia in 2008, when the Russian e-marketing and e-commerce markets were still embryonic. He helped a range of international and Russian players – from Ozon, to Lamoda, to KupiVIP, to Enter.ru – reach major positions on the market and optimize their budget. Lesser known, but prolific, has …

International e-marketing expert Bas Godska: “Digital marketing in Russia is hotter than ever before, and young professionals are craving for knowledge” Read More

Children’s goods online retailer Babadu.ru raises $2.9 million from IIDF

December 26, 2018

Earlier this month Babadu.ru, a children’s goods online retailer, secured a $2.9 million investment from the Internet Initiatives Development Fund (FRII in Russian). A $200 million seed stage investment fund launched last year, FRII usually invests smaller amounts at earlier stages. However, the fund has been eyeing the online children’s goods market for a long time – one …

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Wikimart.ru raises $40 million from domestic investors after failing to attract foreign VCs

September 10, 2014

Wikimart, a major Russian B2C marketplace, has agreed a capital increase with a group of Russian investors, including Finprombank chairman Anatoly Goncharov. The news was revealed last week by business daily Kommersant and confirmed to East-West Digital News by Wikimart’s press service. The $40 million capital injection will be used in part to acquire Terminal.ru, a …

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