E-Commerce

Russia is among the main sources of phishing – and also a main target

Kaspersky Lab, a Russian-based provider of global IT security with headquarters in the U.S., has released a study called “The evolution of phishing attacks: 2011- 2013,” which lists Russia among the countries from which such attacks are launched most frequently. According to the data obtained from some 50 million users through the Kaspersky Security Network …

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Rocket Internet’s furniture online retailer Mebelrama.ru is shutting down

Russian furniture e-retailer Mebelrama.ru, which had been backed by Germany’s Rocket Internet, is shutting down, the company’s co-founder Manuela Stoll confirmed in an exchange with East-West Digital News. In late 2012, the startup landed a $10 million financing round from Rocket Internet, but at present the decision was made to shut the project down.

Dmitry Falkovich’s Phenomen Ventures leads Delivery Hero’s $30 million round of financing

Phenomen Ventures, a $300 million international venture fund launched last year by Russian businessman Dmitry Falkovich, has led a $30 million Series D financing round for Delivery Hero, a Berlin-based food delivery startup operating globally. Delivery Hero’s existing investors, which include Russia’s Kite Ventures, also participated in the round. “Delivery Hero is catching up quickly …

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Package tour reseller Travelata.ru secures $5 million investment from Poland’s MCI

Moscow-based startup Travelata.ru has just raised $5 million in a Series A round from Polish private equity fund MCI Management. The capital injection went through Invia.cz, one of MCI’s portfolio companies, which sells package tours online in the Czech Republic and four other Eastern and Central European countries. The funding will be used to further …

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St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing

Earlier this month, Radario.ru, a St. Petersburg-based e-ticketing service for music and entertainment events, closed a $1.2 million investment deal with undisclosed investors in its second round of funding, bringing its total investment since inception to $1.4 million. Daria Semenova, a spokesperson for Radario, explained to East-West Digital News that the startup’s post-investment valuation is …

St. Petersburg startup secures $1.2 million in US-Russian funding to push e-ticketing Read More

Ostrovok.ru cuts a third of its staff “to make the company profitable and attract more investments”

Russian hotel booking service Ostrovok.ru, which has been generously funded by Western and Russian investors since its launch in 2010, has laid off about a third of its staff in order to optimize operations and secure more investments. The company’s co-founder Serge Faguet made the move public in a corporate blog post published yesterday in …

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Online dating service Mamba introduces one-click payments

In what may seem like a commonplace feature in many countries but represents a pioneering move in Russia, leading dating service Mamba has introduced an Amazon-like one-click payment method, making the recurring use of its service easier. Once a user’s bank card is registered for a first-time payment, subsequent payments are pre-authorized based on information …

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Mobile operator MTS launches online SaaS marketplace

MTS, one of Russia’s leading mobile operators, has announced that it has launched a Software-as-a-Service (SaaS) marketplace in partnership with NEC Corporation and started to sell the cloud office solution Microsoft Office 365 to its customers. In the SaaS marketplace “Legkiy ofis” (Russian for “Easy Office”) customers can access applications for business that are popular …

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Ozon CEO Maëlle Gavet: “Our goal is to control 80% of Russia’s online retail market in ten years’ time”

Even as the market was still responding to the shock of Lamoda.ru’s enormous round of financing, Ozon Holdings’ CEO Maëlle Gavet said during an interview yesterday with The Next Web, in partnership with East-West Digital News, that her company aims to control directly or indirectly 80% of the Russian online retail market within ten years. …

Ozon CEO Maëlle Gavet: “Our goal is to control 80% of Russia’s online retail market in ten years’ time” Read More

Lamoda.ru secures $130 million from Western funds

Lamoda.ru, one of Russia’s four leading online fashion retailers, has just secured $130 million from Access Industries, Summit Partners and Tengelmann. The transaction marks the most significant investment volume in the history of Russian e-commerce, topping a $100 million funding deal completed in September 2011 for Ozon.ru. Lamoda offers more than 1,000,000 products and 800 international brands. It …

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Four Russian tech startups join MassChallenge’s best and brightest

Late last month, MassChallenge, a nonprofit organization that runs a $1 million annual global startup competition, hand-picked 128 first-round winners to join its 2013 Accelerator Program. RVC-USA, the Boston-based representative office of Russian government-owned RVC and a two-time platinum sponsor of the MassChallenge competition, announced last week that four Russian startups had made it to …

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