Luxembourg based fund Mangrove Capital Partners and Russian fund ABRT sold their stake in Russian search engine Quintura earlier this month, letting its founders Yakov Sadchikov, Alexaner Yershov and Rustam Gafurov take back full control of the company.
Russian venture investor Ru-Net II has invested an undisclosed amount in Biglion, one of the numerous Russian Groupon copycats, reported blogger Yakov Sadchikov last week.
According to analysts at Alfa-Bank, Euroset’s are set to grow, on average, by 26.1% annually until 2015, reaching an estimated 197.4 billion rubles (approximately $7 billion). EBITDA should hit 21.9 billion rubles ($776 million) by 2015, and net profit should rise to 15.02 billion rubles ($532 million). Euroset, Russia’s leading mobile retailer, announced last week …
One of the largest Russian online retailers, Utinet.ru, has begun to prepare for an IPO on the MICEX stock exchange, reported ComNews.ru, a site covering telecoms and IT issues. The operation is scheduled for the first half of this year. Utinet.ru is valued at an estimated $100 million to $120 million and intends to sell …
First-ever IPO among Russian online retailers is planned Read More
Svyaznoy, Russia’s second leading mobile retailer, may go public in Q2 2012, according to Denis Lyudkovsky, the company’s general manager. The announcement was made at a press conference yesterday. The final decision will depend, among other factors, on the success of the impending IPO of Euroset, the market leader.
Euroset, Russia’s leading mobile and media device retailer, announced yesterday it would proceed with an IPO on the London Stock Exchange. The offering could raise more than $1 billion, putting the desired valuation of the chain at $4 billion, reports Reuters from unnamed sources.
M.Video, a leading Russian specialized retailer, will soon make electronic products and home appliances available for purchase on Facebook and Vkontakte.ru, Russia’s leading social network.
The EBITDA of Euroset, Russia’s leading mobile retailer, reached 8.37 billion rubles (approx. $279 million) in 2010, up 88% from 2009. During the same period, the company’s net profit grew almost fivefold (+385%), to 5.58 billion rubles, while its revenues increased by just 12.2%, reaching 61.91 billion rubles (approx. $2 billion).
Ozon.Travel, a specialized arm of leading Russian e-commerce player Ozon.ru, announced last Monday a twentyfold increase of its annual gross booking sales, from 44 million rubles in 2009, the year of launch, to 898 million rubles in 2010 ($1.47 million and $29.9 million, respectively).
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Explay, a leading Russian manufacturer of car navigators, announced last week its launch of a navigator that supports the two satellite-based location systems, GPS and GLONASS.
Qiwi’s offline and online payment systems can no longer be used to replenish the accounts of a dozen Russian electronic currencies, as of March 15. The affected e-currencies include Yandex.Dengi – one of the two leading Russian e-currencies; MoneyMail – the e-currency of Mail.ru, a leading web portal; and a range of minor e-currencies.
