Leading Russian online retailer Ozon is preparing for a new $100 million round of investment. Morgan Stanley has been mandated to conduct this next round of financing, as announced yesterday by Russian business daily Kommersant. “The funds will be used to expand our logistics system and consolidate the e-commerce market in the three areas where …
Last week, the Russian edition of Forbes released a list of 10 top Russian venture capitalists whom it identified as being “the most successful.” In the last four years, these investors have earned approximately $3.6 billion from mainly Internet-related projects. The ranking uses the same methodology as American Forbes for The Midas List, the global …
Forbes identifies Russia’s top 10 venture capitalists Read More
Travelata.ru, a Russian online travel agency focusing on package tours, has just released an in-depth presentation on the Russian online travel market. Citing a recent report by the global travel market research company PhoCusWright, Travelata reports that the Russian travel market was worth $53 billion in 2012. Only 14% of travel in Russia is currently …
Russia’s online travel market posts 50% yearly growth Read More
Russian participants are welcome to the first annual Online Retail Conference, which will look over the horizon to predict what online retailers should be thinking about and aiming to achieve next. This major industry event is all about new thinking, new techniques, new design, new ideas and new services. The conference will be held on …
Tele2 Russia, a former subsidiary of the Swedish telco Tele2 which was acquired earlier this year by Russian bank VTB, has issued a virtual international payment card for online shopping in partnership with MasterCard. Connected to a Tele2 subscriber’s mobile account, the new payment instrument, named “Tele2 MasterCard virtual card,” lets online shoppers spend up …
Tele2 Russia teams up with MasterCard to issue virtual international payment card Read More
Open Retail, a subsidiary of marketing communications agency Open Group, has raised about $2 million from Prostor Capital to develop Smart Checkout, a hardware and software system that identifies customer preferences during checkout and produces a targeted advertising message via coupon. The company claims that its technology currently has no direct competitors on the Russian …
Prostor Capital invests $2 million in retail marketing solution Smart Checkout Read More
When he was sent to Moscow in late 2010 to launch Lamoda, 26-year-old Niels Tonsen had no experience of Russia but already numerous years of experience in Internet projects – including working for German incubator Rocket Internet and its projects Groupon International and Zalando. The goal – to build Russia’s online leader in the footwear …
LitRes, a leading online retailer of Russian language e-books, has raised $5 million from Russian Internet Technology Fund (RITF), a $50 million fund established earlier this year. The company’s valuation has not been disclosed, but the fund stated that it had received “a significant stake” in the company. With $7 million in sales in 2012, …
E-book distributor LitRes raises $5 million from Russian Internet Technology Fund Read More
Yandex, which operates the largest Russian e-commerce comparison shopping platform, is now offering online stores a new model for listing their products on Yandex.Market. Online stores can now enable checkout functionality for their products directly on the Yandex.Market site and Yandex will adopt a Cost Per Action (CPA) model for purchases made in this way. …
Yandex enhances the functionality of Yandex.Market with cost-per-action advertising Read More
Russia’s first public index of the prices of goods sold online was launched in late September by Yandex.Market, a leading Russian online marketplace, the Higher School of Economics (HSE), a major Russian university, and information agency Finmarket. The Internet Inflation index analyzes data from Yandex.Market based on a methodology developed by HSE. The project currently …
The ninth annual Electronic Commerce conference will be held on October 10 and 11 in Moscow at the Radisson Slavyanskaya hotel. This event is one of the largest professional conferences on e-commerce, online sales and multi-channel commerce in Russia and the CIS. The conference program features more than 80 speakers, numerous round tables, and an …
Initially a network of cash collection machines, through which Russians pay for virtually everything from mobile phone bills, to online purchases, to fines, QIWI is now an international, NASDAQ-listed, multichannel payment operator working in close partnership with Visa. QIWI President Boris Kim shared with East-West Digital News his vision of the payment industry, which knows …
