DST Global, Russia’s leading IT fund with stakes in Facebook, Groupon, Twitter, Zynga and other top global web properties, has bought a 4% equity stake in online fashion store Zalando, The Financial Times reported yesterday. DST is joining current shareholders Rocket Internet, Holtzbrinck Ventures, Tengelmann Ventures and Kinnevik.
Mountain View, CA – Ecwid, Inc., producer of the world’s first platform-neutral, drop-in store builder widget, announces a partnership with website builder Yola to provide its e-commerce solution to Yola’s customers.
Russian e-commerce giant Ozon.ru is considering the aquisition of online footwear retailer Sapato.ru, having received the green light from the antimonopoly authorities on February 1st. Ozon has not yet made a final decision, and is also considering other acquisitions, the company’s PR manager Maria Nazamutdinova told Russian business information site Marker.ru.
Almost two years after the release of its Russian language version, and one year after it launched a local classifieds service, eBay enjoys a strong and still growing popularity among Russian consumers who use the platform to order goods from all over the globe. eBay’s Head of International Expansion for Europe Rob Cassedy shared some insights …
Rob Cassedy of eBay: “For Russians, eBay is all about international deals.” Read More
Russia’s second largest mobile device retailer Svyaznoy is considering selling between 20 and 30% of its shares in a private equity deal, Russian business daily Kommersant reported. Maxim Nogotkov, the company’s main shareholder, confirmed that Deutsche Bank and Raiffeisenbank received a mandate to find an investor, but declined to disclose the value of their proposed …
Ostrovok.ru, an online hotel booking service launched in 2010 in Russia, has raised an undisclosed amount from Erik Blachfold, CEO of Expedia, Hotwire and Tripit founder Gregg Brockway and Altimeter Capital’s Brad Gerstner. This Series B round of financing comes six months after Ostrovok raised $13.6 million from General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well …
Hotel booking service Ostrovok.ru attracts new investment from US businessmen Read More
The Rambler-Afisha group invested “hundreds of thousand dollars” in Ichiba.ru, Rambler founder Anton Terekhov told the RIA Novosti news agency last week. Launched in April of last year, Ichiba.ru is an e-commerce marketplace allowing any merchant to present and sell its products online easily. Ichiba claims its catalog includes 3.5 million items from over 400 …
Rambler invests in e-commerce, demonstrates fast traffic growth Read More
Fast Lane Ventures, a Moscow based early stage venture capital firm, recently announced it has invested in RentHome.ru, a service that operates and looks nearly identical to HomeAway.com, down to the same colors, layout, and background. Through RentHome.ru, property owners can list their properties for short term rentals, allowing people to make a little more …
10tracks.ru, Russia’s first cloud music storage site, launched a few days ago, with up to 3 gigabites of storage space available free of charge. Users can listen to their music using a web player or download it onto smartphones or computers to listen to it anywhere. The mobile version is available using an Android application …
Startup from Tatarstan launches first Russian cloud music storage service Read More
In a confidential email sent in October to his management team revealed yesterday by TechCrunch, Oliver Samwer, the co-founder of German incubator Rocket Internet, had crude words for the management of Lamoda.ru, the online shoe retailer he launched in Russia earlier this year. “Our team fucked up in Russia,” wrote Samwer, complaining that Lamoda.ru failed …
The Office of the United States Trade Representative has made public a new edition of its Notorious Markets List earlier this week, identifying “selected markets, including ones on the Internet, that are reportedly engaged in piracy and counterfeiting” across the globe. Specifically, the blacklist enlarges upon the geographical origin and the dubious commercial nature of marketplaces …
Vkontakte.ru still blacklisted by US government for piracy Read More
Biglion, a major player among Russian daily deal sites, has attracted significant funds from Tiger Global Management, a prominent investment firm operating in the public and private equity markets across the globe, Russian business daily Vedomosti revealed yesterday. Biglion co-founder Oleg Savtsov has confirmed the deal but did not disclose any details on the amount …
Daily deal site Biglion attracts new investment from Tiger Global Management Read More
