Softline Venture Partners and Ecwid have launched Magazinga, a new joint project that represents “an entirely new approach to promoting goods and services through social networks,” claim its creators. Magazinga provides merchants with ready-made e-shops as well as access to its own marketplace of products intended for social network users.
Svyaznoy, Russia’s second largest mobile retailer, has just launched a mobile advertising campaign using the geotargeting capacities of AlterGeo, a Russian startup inspired by the real time interactive map and navigation of Foursquare. The campaign promotes Samsung’s new Galaxy Gio handset among AlterGeo users who come within the vicinity of a number of Svyaznoy’s physical …
Mobile retailer experiments with geotargeted mobile advertisement Read More
PayPal, the leading international online payment company, has according to unnamed sources taken “the strategic decision” to enter the Russian market, reported RBC Daily. The business daily also reported—and PayPal confirmed to EWDN—that PayPal is holding discussions with MTS, VimpelCom and MegaFon, Russia’s leading mobile operators.
Russia’s leading mobile retailer Euroset, whose IPO on the LSE was scheduled for this week, decided today to postpone the operation. “Despite increased interest from the investment community in Euroset, we decided to postpone the IPO due to volatile market conditions,” said President Alexander Malis, adding however that the company still expects to realize its strategic …
KupiVIP.ru, Russia’s leading online shopping club, announced today the completion of a $55 million Series C funding deal – a record transaction for a Russian ecommerce business. Three new investors participated in the operation: Balderton Capital, Bessemer Venture Partners and Russia Partners.
Babyboom.ru, a Russian children’s goods website, has raised $900,000 from investors including Index Ventures and Team Europe Ventures as well as from business angels Chamath Palihapitiya, VP of Facebook, Fabrice Grinda, the founder of OLX, Jose Marin, the founder of IG Expansion and James Gutierrez, the founder of Progreso Financiero.
First Satellite Company, Russia’s leading distributor and retailer of digital TV equipment, announced last week that it has been acquired by Dutch fund Enterprise Emerging Markets Fund B.V.
Euroset Holding NV, parent company of Euroset Group, has promised to pay dividends in 2012 that range from 45% to 75% of the consolidated net income of the preceding fiscal year, as stated in the preliminary prospectus for the IPO of Euroset Holding.
Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.
Swedish investment company Vostok Nafta Investment called Avito.ru, its online-classified-ads affiliate company in Russia, the “real romance” of its portfolio in 2011. Vostok Nafta, which owns 25.8% of Avito, claims in its annual report that the site established itself as “the number one online classifieds operator in Russia” following the “explosion” of its traffic since …
Swedish investor has “real romance” with Russian classifieds site Read More
Russia’s online footwear market, which only a year ago almost resembled a desert, is witnessing rapid transformation following the initiatives of a number of major players. This market was recently estimated to have a potential of at least €100 – 150 million.
The Financial Times reported earlier this week from unnamed sources that DST Global, Russia’s leading Internet investment fund, took part in the third round of financing for Chinese e-commerce giant 360buy.com.
