E-Commerce

German consumer-finance startup Kreditech arrives in Russia

February 12, 2014

German startup Kreditech, a German startup aiming to become “the Amazon for consumer-finance”, has entered the Russian market. It offers micro loans to consumers and also provides a credit rating service for enterprise customers. The startup’s founders Sebastian Diemer, Alexander Graubner-Müller and Felix Haas believe that their algorithm, which processes over 8,000 data points in …

German consumer-finance startup Kreditech arrives in Russia Read More

Travel metasearch engine Aviasales secures $10 million from iTech Capital

August 9, 2021

iTech Capital, a Russian PE & VC firm, announced today an investment of $10 million in Aviasales.ru, a leading search engine for flights and hotel bookings. The terms of the deal have not been disclosed, but the firm told East-West Digital News  it had obtained a stake of less than 30%. The company – which …

Travel metasearch engine Aviasales secures $10 million from iTech Capital Read More

Smartphone sales grew 35% in 2013

February 3, 2014

Svyaznoy, a leading mobile device retailer, reports that smartphone sales in Russia reached 176 billion rubles (approximately $5.6 billion) last year, up 35% from 2012. While still significant, the rate of growth has slowed compared to previous years. Meanwhile, smartphone penetration in Russia has continued to progress, reaching 48%. 18.5 million out of the 39 …

Smartphone sales grew 35% in 2013 Read More

Yandex invests in MultiShip: A perfect match on the Russian e-commerce service scene

January 31, 2014

Yandex announced earlier this week an agreement with MultiShip, a Moscow-based startup that aggregates offers from different shipment companies to help online retailers optimize their deliveries across the country. In addition to acquiring a stake in the startup for “several millions,” the NASDAQ-listed Russian search giant has purchased MultiShip’s software platform for $1 million, with …

Yandex invests in MultiShip: A perfect match on the Russian e-commerce service scene Read More

Shipment providers and customs authorities agree simplified clearance procedures for e-commerce parcels

January 30, 2014

Following a meeting this past Tuesday with shipment service providers, the Russian Federal Customs Service announced that new, simplified customs clearance procedures for e-commerce parcels will be introduced immediately. “Not only will all the problems raised by the shipment companies be solved, but electronic procedures will be introduced in the next two weeks” to make …

Shipment providers and customs authorities agree simplified clearance procedures for e-commerce parcels Read More

German web hosting startup Cloudpartner.de secures €1.5 million from Runa Capital

January 29, 2014

Berlin-based web hosting startup cloudpartner.de has raised €1.5 million from Runa Capital, a Moscow-based venture fund operating internationally. This Series A round – the terms of which have not been disclosed – will help the company provide managed services from infrastructure based entirely in Germany. With the many privacy concerns raised after the extent of the US government’s international espionage operations became known, Cloudpartner.de …

German web hosting startup Cloudpartner.de secures €1.5 million from Runa Capital Read More

World Bank Group’s IFC invests €10 million in online fashion retailer Lamoda.ru

January 28, 2014

Lamoda, a leading Russian online fashion retailer, announced today an equity investment of €10 million from IFC, a member of the World Bank Group. This investment – the first by IFC in Lamoda – aims to “support the company’s expansion as well as enable Lamoda to consolidate its sustainable growth while further raising environmental, social …

World Bank Group’s IFC invests €10 million in online fashion retailer Lamoda.ru Read More

DHL, DPD and FedEx suspend operations, boycott of eBay urged – but cross-border sales to continue

January 24, 2014

Clouds are gathering in the sky of cross-border sales to Russia – a market that reached approximately $3 billion in 2013 after years of up to 100% growth. Earlier this week, DHL Express, DPD and FedEx, three international shipment providers, announced the suspension of shipments to Russian consumers, while another courier, UPS, was considering a …

DHL, DPD and FedEx suspend operations, boycott of eBay urged – but cross-border sales to continue Read More

Cross-border sales operator Bay.ru celebrates “record-setting year,” rebrands to Dostami.ru

January 23, 2014

Bay.ru, a leading cross-border sales operator facilitating Russian consumers’ purchases from eBay, Amazon and other international e-commerce sites, has announced its rebranding as Dostami.ru – a name that refers to “dostavka,” the Russian term for delivery. The move reflects a new, larger positioning for the company, which originally focused on eBay. “As our middleman business …

Cross-border sales operator Bay.ru celebrates “record-setting year,” rebrands to Dostami.ru Read More

Russian government considers systematic RFID tagging for clothing and footwear

January 13, 2014

The Russian government is considering RFID tagging all labels on clothing and footwear fabricated and sold throughout Customs Union member-states (Russia, Belarus and Kazakhstan), reported the Russian daily Izvestia in late December. Officials believe this is the only remedy for an ongoing plague of counterfeiting. The government estimates that more than $30 billion worth of …

Russian government considers systematic RFID tagging for clothing and footwear Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.