Finance

MallStreet.ru funded by Kima Ventures, Amber Venture Partners and Fabrice Grinda

Mallstreet.ru, a Russian online retailer founded in 2009, secured an undisclosed  investment from West European early-stage venture funds. The operation took place in the summer of last year, but was disclosed by industry blogger Yakov Sadchikov only last week. Among the investors are Kima Ventures, founded by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, …

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Biglion buys major Belorussian daily deal site

Just two months after it began serving Kazakhstan, Biglion, the leading Russian daily deal site, has acquired Bongo.by, a Belorussian analog. The transaction was announced yesterday by Biglion’s Development Director Oleg Savtsov in an exchange with Russian business daily Kommersant. Savtsov did not disclose the amount of the deal, but Kommersant reported that Bongo.by is …

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Russian DTH platform Orion Express looking for a strategic investor

Vedomosti reports that Orion Express has approached MTS, VimpelCom and Megafon and that Fund Service Bank-backed STK Soyuz, a 50% shareholder in the platform, has held talks with all three. However, according to Yuri Khitrov, the owner of the remaining 50%, no firm offers have yet been received.

Daily deal site Kupikupon.ru aquires beauty salon booking service

Kupikupon.ru, a major daily deal site, has acquired Moresalonov.ru, an online booking service for beauty salons, for an undisclosed amount, reported Unova, a Russian site dedicated to high tech and venture news. The clients of Kupikupon.ru will be able to plan visits to beauty salons and book appointments  more easily. Bookings for restaurants, car maintenance, and …

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Ozon 2011 revenue exceeds $300 million

The Ozon group yesterday announced revenue growth of 84% for last year in dollar value, reaching $302.5 million and outperforming the Russian online retail market’s estimated 25% rise to some $10 billion. Particularly notable was the 3.5-fold growth of Ozon Travel, the branch specializing in air and train tickets and hotel bookings. Established in 2009, …

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Leading Russian business software publisher 1C acquires cloud solution developer Megaplan

1C, the Russian enterprise software giant, has acquired a 51% stake in Megaplan, a publisher of cloud-based business service solutions, the Russian news agency RIA Novosti reported yesterday. The amount of the deal was not disclosed. The Russian management company IQ One, an early investor in Megaplan, has kept a blocking minority share in the …

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New $50 million fund targets early stage B2C Internet startups

The Russian venture capital scene, which counted less than two dozen active funds just two years ago, is continuing its impressive growth. Its newest player, an early stage venture fund named Frontier Ventures, has just been announced by its founder, the Russian entrepreneur and investor Dmitry Alimov. The fund’s target of $50 million has already been …

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French mobile analytics startup nabs $1.5 million from Moscow based venture fund

Runa Capital, a Moscow-based fund that began investing outside Russia last fall, is providing $1.5 million in funding to Capptain, a French startup that has developed a SaaS platform for mobile analytics and marketing. Capptain’s valuation has not been disclosed, but Runa is a minority shareholder, Laurent Lathieyre, the startup’s co-founder, told East-West Digital News. …

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SaaS accounting startup Moe Delo secures $4 million

A leading player on Russia’s young but flourishing market of online accounting services, Moe Delo (pronounced ‘Moyo Dyelo’) announced last week it raised $4 million from Klever Internet Investments. The valuation of the company was not disclosed, but Moe Delo’s founders Sergey Panov and Maxim Yaremko kept a controlling stake, according to the press release.

DST to launch new $1 billion tech fund

Digital Sky Technologies, a Russian investment fund whose global web portfolio includes Airbnb, Facebook, Groupon, Spotify, Twitter, Zalando and Zynga, is seeking $1 billion for a new technology fund, Bloomberg reported yesterday, citing an investor presentation it has obtained. The new fund, DST Global III, will focus on late-stage global Internet companies with a valuation …

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