E-Commerce

Anywayanyday seeks to raise $40 million ahead of possible IPO

September 26, 2012

Anywayanyday.com, a popular Russian online retailer of air tickets, has mandated Merrill Lynch to secure a $40 million round of financing, the Russian business daily Kommersant reported yesterday, citing unnamed sources. The new round of financing will allow Anywayanyday to accelerate its development, particularly in foreign markets. The site, which offers an interface in English …

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Megafon could acquire leading mobile phone retailer Euroset

September 26, 2012

On Monday, the Federal Antimonopoly Service (FAS) announced via Twitter that Megafon, one of Russia’s leading mobile operators, has officially filed a request to acquire a 50% stake in Euroset, the country’s largest mobile phone retailer. The terms of the deal have already been defined, the Russian media reported, with oligarch Alexander Mamut yielding his …

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E-commerce SaaS solution developer secures $600,000 from Leta Capital

September 24, 2012

Leta Capital announced last week it has invested $600,000 in Redhelper, a provider of SaaS solutions for online customer service and behavioral data analysis for e-commerce sites. The transaction valued the company at “more than $2 million,” Leta announced. The startup was founded just one year ago by three classmates from the technical deparment of …

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Online retailer found guilty of trademark infringement in ‘gray import’ scheme

September 20, 2012

Last month, the Russian Supreme Court of Arbitration issued a ruling that dashed any hopes the Bestwatch.ru online retailer had for a favorable settlement with Longines Watch, a renowned Swiss watchmaker. Following the withholding of its petition to suspend an earlier legal resolution, the Russian online store will have to pay 3 million rubles, or …

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Zoom Capital invests $30 million in e-commerce leader Vseinstrumenti.ru

September 17, 2012

The recent series of large scale investment in Russian e-commerce sites continues with Zoom Capital’s $30 million investment in Vseinstrumenti.ru, a website offering tools and appliances for use in homes and gardens as well as workshops and construction sites. Vseinstrumenti.ru (“All instruments” or “all tools” in Russian) is one of those Russian online retailers that are …

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Anti-counterfeit technology developer from the Urals receives $1 million from Moscow investor

September 17, 2012

QRGL, a startup established in Russia’s third largest city Ekaterinburg in the Ural mountains, secured $1 million from Veles Capital, a Moscow asset management company, regional portal 66.ru reported last week. Veles Capital will receive a two-third stake in the company. Founded in April 2010 by Pavel Medvedev, QRGL has developed an anti-counterfeit technology that …

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Lokata.ru secures new funding from E.Ventures and Bonial

September 17, 2012

Last week, Lokata.ru, a startup driving Internet and mobile users to offline stores, completed a new round of financing from German-American venture fund E.Ventures (formerly known as E-Ventures Capital Partners) and Bonial International Group, a German company which has developed similar projects in several European countries. The terms of the deal have not been disclosed. …

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Californian online air ticket discounter secures financing from Russian, Ukrainian and US investors

September 15, 2012

GetGoing.com, a San Francisco-based startup that offers a new approach to booking discounted air tickets, announced earlier this week that it has completed its second round of financing from prominent individual investors and funds. Neither the amount of the round nor the company’s valuation were disclosed. The investors include Yury Milner and his international fund …

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Oleg Ryazhenov-Siems of Svyaznoy: “The young generation will make a massive switch to e-commerce. Golden years are ahead.”

September 14, 2012

Oleg Ryazhenov-Siems has led the ambitious online strategy of Svyaznoy, the second largest Russian consumer electronics retailer, since 2009. Recognized as one of the best Russian e-commerce professionals, he has just been appointed as Svyaznoy’s Director of Strategic Marketing and Advertising. While offering insights on how the retailer has successfully developed online activities all across …

Oleg Ryazhenov-Siems of Svyaznoy: “The young generation will make a massive switch to e-commerce. Golden years are ahead.” Read More

Air ticket booking site Onetwotrip secures $9 million from Phenomen Ventures

September 7, 2012

Onetwotrip.com, a rising star in the Russian online travel market, has just raised approximately $9 million from Phenomen Ventures, yielding a minority stake to the fund. The startup’s valuation has not been disclosed, but the Russian business daily Kommersant reported it might have been in the range of $70 million. Onetwotrip was launched in May …

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Lamoda receives giant funding from JP Morgan

September 4, 2012

Yesterday, Lamoda.ru, a major online fashion retailer, announced it has received an investment from J.P. Morgan Asset Management. Lamoda did not disclose the amount of this investment, nor its valuation. The capital injection amounted to somewhere between $40 million and $80 million, East-West Digital News learned from a source close to the company, making the …

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Aidar Kaliev of VTB Capital: “Succeeding in Russian e-commerce requires deep pockets and strong execution”

September 3, 2012

The investment arm of VTB Group, a leading Russian state-controlled financial group, VTB Capital has financed a number of Russian and foreign small and mid-sized IT companies. In the e-commerce and related fields, VTB Capital owns stakes in Mobidengi, a leading mobile payment service provider and Oktogo.ru, a major online hotel booking service, in addition …

Aidar Kaliev of VTB Capital: “Succeeding in Russian e-commerce requires deep pockets and strong execution” Read More

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