Perhaps inspired by the success of Ozon Travel, Ulmart, Russia’s leading online retailer, has officially announced its entry into a new field of activity: Ulmart Travel. According to online publication Oborot.ru, Ulmart is starting out with the standard selection of offerings: search, reservation and purchase of airline tickets. It plans to broaden its scope of …
This past February the South-African media group Naspers acquired a 30.7% stake in eSky.ru, a Russian online retailer of children’s goods. The transaction, which amounted to 200 million South African rands (approximately $20 million), has just been made public in the group’s latest financial report. Esky.ru operates in one of the most dynamic areas of Russia’s e-commerce market. …
Naspers acquired stake in Russian kids goods online store Esky.ru Read More
Ostrovok.ru, a major Russian hotel booking service, announced last week that it has raised $12 million in a round led by Vaizra Capital, a fund which belongs to Vkontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. A number of the startup’s existing investors also took part in the round. The transaction, the details of which have …
$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years Read More
This year, East-West Digital News has teamed up with Data Insight and Enter Vision, two leading Russian e-commerce data providers, to provide Russia’s first reliable ranking of e-commerce companies. The information is based on companies’ official data and – whenever company data was not disclosed or judged inaccurate – the combined expert assessments of Data …
Rocket Internet’s online food delivery platform Foodpanda, together with its affiliated brand Hellofood, announced yesterday that it has taken over Russia’s food delivery business Delivery Club. The size of the transaction has not been disclosed, but an insider told Russian business daily Vedomosti that it stood at around $50 million.
Top Russian university Higher School of Economics (HSE) has teamed up with eSolutions, an e-commerce service provider launched by the Otto Group, in an ambitious academic and professional partnership. While eSolutions specialists will participate in some of the university’s educational programs, the students will offer marketing research for the German company and benefit from internship …
Top university teams up with Otto Group for e-commerce education Read More
In 2012, Russians spent $8.6 billion on luxury goods and in 2013 became the eighth largest market globally for high-end products. While the luxury brand market in Russia is expanding, the lack of understanding Western brands have of the Russian digital market acts as a significant handicap to online sales. Here are the top 3 ways Western luxury …
3 ways to improve digital marketing of luxury brands in Russia Read More
In a bid to secure their business flows in the current tense international context, two major Russian IT industry players – outsourced software developer Luxoft and game publisher Game Insight – have announced their partial move to other countries. One of the most impressive success stories in the global mobile games industry, Game Insight announced …
Russian mobile game publisher Game Insight and IT outsourcer Luxoft move to Eastern Europe Read More
TNS has conducted research on the popularity of electronic payment methods among Russian online shoppers of different age and demographic groups. Electronic currencies (such as Yandex Money, WebMoney, Qiwi Wallet and PayPal) rank among the three most popular electronic payment methods for the 12-55 year old age group. The survey found that 97% of respondents had …
TNS studies the popularity of electronic currencies in Russia Read More
ECWID, arguably one of the most successful Russian startups of the past few years, announced today that it has secured $5 million from iTech Capital and Runa Capital, two major Moscow-based venture funds with global portfolios. The startup will utilize the Series B funds to accelerate its already rapid growth, further developing its mobile and …
India’s largest online retailer, Flipkart, announced earlier this week a $210 million investment led by DST Global, the later-stage Internet investment fund founded by Russian billionaire Yuri Milner. “Flipkart is one of the fastest growing internet companies globally led by visionary founders,” Milner said.
Across the numerous industry events offered in Western Europe, precious few are worth a plane or train trip to attend. Among those that make the cut, the eTail Europe multi-channel retail event being held June 23-25 in London stands apart. East-West Digital News, a partner of the event, has obtained an exceptional 50% discount off …
