Finance

New shareholders to invest $100 million in Yota Del Peru

Russia’s leading WiMax provider Scartel, working under the Yota brand, has sold 100% of its stake in Yota Del Peru, a subsidiary it created in 2010 with Multinet Group, a discrete Russian company operating 4G networks in African and Asian countries, among other telecom activities. The acquiring parties included ICT Group, one of the largest …

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Siberian game publisher Questli attracts Swiss and German money

Questli, a startup from Novosibirsk, Siberia, has raised an undisclosed amount from Zurich-based venture capital firm Redalpine and individual investors from Switzerland and Germany, industry blogger Yakov Sadchikov reported yesterday. Questli’s award-winning treasure hunting games combine crowd-sourced quests, location-based services and couponing. Founded by Danila Kozyatnikov in April 2011, the startup initially received CHF 200,000, …

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Ecwid completes first venture funding from Runa Capital, announces Silicon Valley, London presence

Mountain View, CA – Ecwid Inc., producer of the world’s first platform-neutral, drop-in store builder widget – which can be easily embedded into any website, blog or social network page in minutes – has announced its Series A round of venture funding and the planned opening of its first United States and United Kingdom offices. Ecwid is based …

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EPAM rescheduled its IPO to Q1 2012

EPAM Systems, an offshore software developer with major R&D centers in Russia, Belarus, and Ukraine, has rescheduled its IPO to Q1 2012, Reuters reported yesterday. In June 2011, the company filed with US regulators to raise up to $100 million in an IPO of its common stock. At the time of filing, EPAM announced its …

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Megafon acquires Internet and cable TV provider in Western Siberia

MegaFon, a major Russian mobile operator, made a further step last Friday towards business diversification and regional expansion by acquiring Yugratel, a broadband Internet and cable TV provider operating in the Khanty-Mansiysk Autonomous District of Western Siberia. Yugratel was sold through an auction sale by the local authorities for 2.4 billion rubles, or approximately $76 …

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DST and General Atlantic lead $155 million funding round for Swedish payment solution provider Klarna

DST, Russia’s leading IT fund with stakes in Facebook, Groupon, Twitter and other top global web properties, has participated in a round of financing for Klarna, a Stockholm based alternative payment solution provider. Also participating in the round were General Atlantic, a leading global private equity firm, and Sequoia Capital, which contributed to Klarna’s financing …

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DST’s Yuri Milner and Vkontakte’s Pavel Durov team up to support Russian startups

Yuri Milner, founder of Russia’s leading Internet investment fund DST Global, and Pavel Durov, founder of Vkontakte.ru, the country’s most popular social network, launched Start Fellows last week, a joint grant project offering funds for newly minted Russian startups. Applications can be made online for qualifying startup projects to receive grants as large as $25,000. The …

DST’s Yuri Milner and Vkontakte’s Pavel Durov team up to support Russian startups Read More

Media3 asserts itself as major online media publisher

Media3, a major media publishing, commercial printing and distribution group, announced on Monday its acquisition of Delovoy Mir, Russia’s fifth largest publisher of online classifieds. The amount of the transaction was not disclosed, but Delovoy Mir Online Brand Manager Marina Zeitina told East-West Digital News that Media3 obtained a 90% stake, leaving the remaining 10% …

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François Esculier: “The global battle for digital leadership is raging in Russia.”

Former Mail.ru Group Executive Vice President Global Operations François Esculier has gained a seat on the Board of Directors of luxury private shopping club CollectionPrivee.ru. He recently shared with East-West Digital News his vision of the global integration of the Russian Internet, speaking his mind on the management issues domestic players faced as well as about …

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RTP Ventures announces four new investments in US startups

RTP Ventures, the recently created US arm of the Russian venture fund Ru-Net, announced yesterday it made no less than four investments in the last two months, including two infusions of seed funding and two Series A investments. RTP Ventures invested in Tinfoil Security, a website security solution provider, Cake Health, which offers solutions to …

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After China: DST eyes Indian Internet firms

Russia’s leading international Internet fund DST Global has begun to look at Internet companies in India for potential investment, according to Indian online investment publication VCcircle, citing “sources familiar with the development” earlier this month. DST opened its Asia office in Hong Kong earlier this year. It also invested in Chinese e-commerce leader 360buy.com and …

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