As Chinese players are making their move into Russia’s booming cross-border e-commerce scene, AliExpress, the B2C platform of Chinese e-commerce giant Alibaba, has become Russia’s most visited e-commerce platform and one of the country’s top 10 most visited websites. This past July, according to TNS, the site attracted no fewer than 15.9 million users of …
Swedish investment fund Kinnevik, German incubator Rocket Internet and other co-investors announced yesterday an agreement to form a new global fashion e-commerce group by combining five leading businesses across the world. These include Dafiti (Latin America), Jabong (India), Lamoda (Russia & CIS), Namshi (Middle East) and Zalora (South East Asia & Australia). Christened Global Fashion …
Lamoda.ru merged into multibillion dollar global fashion e-commerce group Read More
Action Media Group, a large Russian B2B-publishing house, has invested $200,000 in SaaS service Arnica.pro. This is already the third round of investment for the company. Arnica.pro is aimed at smaller beauty salons, who can use the software for client registration, staff work schedules, CRM, transactions, accounts and integration with external services. The company was founded …
Action Media Group invests $200,000 in SaaS service Arnica.pro Read More
Moscow-based Ostrovok.ru, which runs a online accommodation booking service that has become very popular among Russian speakers worldwide, has struck a partnership with US-based community-driven lodging marketplace company Airbnb. The agreement will make it possible for users of Ostrovok.ru, which just picked up a $12 million round on top of the $25 million secured earlier to support its international expansion ambitions, …
Russian music-streaming platform Zvooq yesterday announced it secured an investment of $20 million in a Series A round led by Ulmart, Russia’s leading online retailer, with the participation of Essedel Capital, a Helsinki-based private equity fund. The funds will be used to bolster and promote Zvooq’s freemium music-streaming offer. Zvooq will also “initiate roll-out of the …
Earlier this month TimePad, a Moscow startup that offers e-ticketing services and other online tools for event organizers, secured an investment from Target Ventures. Since the acquisition of an initial stake earlier this year, the fund has injected $1 million in total into the startup. Founded in 2008 with the help of HSE Inc., the …
Online event solution startup TimePad secures investment from Target Ventures Read More
The past few months have seen several significant moves on the booming China-to-Russia cross-border e-commerce scene. This important market represents roughly one half of international e-retailers’ total sales to Russia, or up to $1.5 billion last year, according to a study by East-West Digital News, but still suffers from product quality and delivery time issues. …
Chinese giants make their move into Russia’s booming cross-border e-commerce scene Read More
Yandex Money and Simtech have launched Merchium, a cloud service which will enable anyone to create their own online store. The service, which uses the e-commerce software CS-Cart, will provide users with all the necessary features of any online store, such as a catalogue and shopping basket. The companies have stated that the creation and hosting …
Yandex Money launches new service for creating online stores Read More
Run Capital, a $30 million fund launched this past spring by Qiwi executives, has announced its first investment in online excursion booking service WeAtlas. The $600,000 capital injection will be used for technological development and broadening the company’s network of partners. WeAtlas helps users to search for and book tour guides and excursions in various world cities. …
Run Capital invests $600,000 in excursion booking service WeAtlas Read More
In late July TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in San-Francisco-based fashion rental platform Le Tote. Le Tote provides women with unlimited access to garments and accessories for a fixed price of $49 per month. The platform defines its mission as “to become the leading fashion discovery platform where …
TMT Investments injects $250,000 in US fashion rental platform Le Tote Read More
Life.SREDA, a Moscow-based venture capital firm focusing on mobile and online fintech startups, is to invest $1.5 million in Settle, a mobile payment service developed by Kiev-based startup Advice Wallet. Combining mobile payments and a loyalty scheme in one app, Settle makes it possible to both order and then pay your bill at a restaurant or café through a smartphone. …
Ukrainian startup Advice Wallet secures $1.5 million from Russia’s Life.SREDA Read More
Earlier this month Synqera, a provider of solutions for retailers, announced that its “Loyalty Generators” kiosks have been installed in three stores of Korablik, a Russian retail chain specializing in children’s goods. Customers who enter the store can swipe their loyalty card at these kiosks to access their history of purchases and customer profile. The …
Russian retail loyalty solution provider Synqera prepares international expansion Read More
