E-Commerce

Delivery Hero raises $49 million from Russian and Western funds

August 29, 2012

Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, announced yesterday it has secured a capital injection of $49 million from Kite Ventures, a Moscow-based venture fund operating internationally, and Kreos Capital, a leading European provider of growth debt and equity investment for high-growth companies. The round of funding has …

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Apple goes wholesale in Russia

August 22, 2012

Apple has registered a local company, Apple Rus, to supply its products directly to retail chains in Moscow and St. Petersburg as soon as 2013. According to data from SPARK-Interfax, Apple Rus is 99.5 percent owned by Apple Holding B.V. with the remaining 0.5 percent belonging to Irish company Apple Distribution. The company’s charter capital …

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Germany’s Media-Saturn acquires online consumer electronics retailer 003.ru

July 28, 2012

German consumer electronics retailing group Media-Saturn announced yesterday it has acquired 003.ru, a leading Russian online retailer of consumer electronics, from its founder Vladislav Ulendeev, for an undisclosed amount. Founded in 2000, 003.ru generated revenues of €20 million euros in 2011 with a headcount of approximately 50 employees. The brand 003.ru comes number four in the customer awareness ranking …

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International research study sheds full light on Russian e-commerce

July 24, 2012

Today, East-West Digital News is releasing a 316-page research study on the Russian online retail market – one of the fastest growing but least known (and most misunderstood) on the planet. The research – in which PwC in Russia and the Moscow Higher School of Economics, among others, took part – is based on interviews …

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Kayak.com paddles limply into Russia

July 23, 2012

Good luck guys! Fresh off its insignificant $91 million IPO on NASDAQ, news is trickling in about Kayak.com’s ambitions in the Russian market. Stories on the web actually started breaking on July 19th, the day before the IPO, after the Quintura blog noted that Kayak.ru is forwarding to Kayak.com and identified the Russia & CIS …

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Alternative accomodation websites attract VC money

July 20, 2012

Renthome.ru, a HomeAway.com clone offering short-term vacation rentals across Russia and the CIS, closed earlier this month an angel investment round of approximately $1 million. Participants in this round of investment include Russian and foreign entrepreneurs, as well as investors from the real estate market and finance sector, announced Fast Lane Ventures, which invested in …

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Russian hacker takes iOS in-app purchasing for a ride; Apple’s response middle-of-the-road

July 18, 2012

In a feint that has galvanized the Apple community and exposed an apparent flaw in the iOS, a Russian hacker has dodged official in-app purchase procedures and conned Apple’s App Store into letting him get paid content for free, Macworld magazine reports. Upon completing his hack last week, Alexey Borodin, the developer of the procedure, …

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Fast Lane Ventures partners with Springstar to enroll jewellery social-saleswomen

July 2, 2012

Fast Lane Ventures, the Moscow-based serial Internet startup developer, has teamed up with Springstar, the German incubator backed by Oliver Jung and Klaus Hommel, to localize Juvalia&You on the Russian market. Juvalia&You targets women Internet users who are willing to launch their own small businesses, regardless of their professional background or age. The company provides …

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Nokia ditches its Russian single-brand retail network, bets on online sales

June 28, 2012

Nokia has scrapped its plans for a single-brand retail presence in Russia and will close all of 50 of its existing Russian stores in the near future, reports RIA Novosti, citing an exchange with Nokia Vice President Erik Bertman, head of Nokia Eurasia. As of yet, there’s no official confirmation of the news on Nokia’s …

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Mamas&Papas e-caters to Russian moms and babies

June 27, 2012

Mamas&Papas, a UK-based retailer for babies and expectant mothers, has joined with Russia’s Ideas4Retail in a Russian e-store project, the company’s Russian partner announced last week. Mamas&Papas’ single-brand online outlet will offer 12 categories of goods and more than 3,500 items, including clothing for babies and pregnant women, buggies, wheelers, carrycots, pushchairs, bath essentials, furniture, …

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