Ozon.ru, one of the most established Russian e-commerce sites, has just closed a $100 million round of financing led by Ru-Net, a major Russian fund, with the participation of Index Ventures, Alpha Associates and Japanese e-retailer Rakuten. Ozon’s main shareholder to date, Baring Vostok Capital, has retained its stake in what essentially appears to be a …
Ozon.ru secures record Russian e-commerce investment Read More
Representatives of 15 Korean venture funds, including KDB Capital, STIC Investments Inc. and L&S Venture Capital, visited Moscow last week intending to invest up to $10 million each in local IT companies.
In a pattern that exemplifies the booming nature of the Russian Internet, the market segment for web content discovery services – non-existent just months ago – is now rapidly filling with ambitious startups. The public beta version of Netflip.ru was launched in mid-August, not long after a comparable site, SurfingBird.ru, went online, as reported by East-West Digital …
Web content discovery services come to the Russian Internet Read More
The ICT Group – one of Russia’s largest privately owned investment and industrial companies – announced last Monday its new status as the largest shareholder in Italian Wi-Max operator ARIA S.p.A., with a 28.6% stake.
TMT Investment announced last week it will invest $1 million in a 20% stake in Berryman Capital Group (BCG), a developer of online games for social networks. TMT Investment is an international investment company based in Jersey and run by Russian businessmen focused on technology and media investment. The deal, which includes other conditions for BCG …
NASDAQ-listed Russian search engine giant Yandex announced last Friday it fully acquired The Tweeted Times, a website offering social news services, for an undisclosed amount. Yandex aims to use the technologies developed by The Tweeted Times to enhance its search and content services with information from social networks.
Leading financial company Finam has invested $1 million in CreditCardsOnline.ru, a portal that aggregates credit card offerings from various banks and offers an online card application procedure. The news was reported yesterday by Russian business daily Kommersant, to whom an unnamed source revealed Finam had received a 25% stake in the company in exchange for …
Credit card aggregator secures $1 million in funding from leading financial company Read More
Drchrono, a Silicon Valley based startup offering an electronic health record (EHR) platform for the iPad, announced last week it has received an additional $650,000 in seed funding from prominent startup investor Yuri Milner, founder of DST Global, along with venture capital firm General Catalyst.
Starting September 1, 2011, the MSCI Russia Index will integrate the stock of Rostelecom, Russia’s national telecom operator, with a weight of 3%, Russian business daily Vedomosti reported yesterday. Rostelecom was originally included in the index until its reorganization process started in 2009.
MegaFon, a major Russian mobile operator, has confirmed its acquisition of St. Petersburg Internet provider Web Plus last June, according to the company’s quarterly results. Megafon bought the loss making firm, which owns $4 million in debt, for $2.5 million.
The Russian Venture Company (RVC) announced today an investment by S-Group Ventures, a fund it owns jointly with Sever Venture Management, in Bisant, a Moscow-based antenna manufacturer. Bisant describes its micro antenna devices as “a powerful means for the reception and transfer of radio waves in various wireless communication systems,” including mobile phones, tablets, netbooks …
Micro-sized antenna maker funded by Russian Venture Company Read More
Moscow based startup incubator Fast Lane Ventures has just launched VitaPortal.ru, a website offering health news for the general public, inspired by the success of Western sites such as WebMD.com.
