Bloomberg reported yesterday from “a person with direct knowledge of the matter” that Yuri Milner, the Russian businessman who created DST, completed the financing for DST’s new fund, DST Global II, having raised about $1 billion. Alisher Usmanov, who backed DST Global I, said last month he is “just a financial investor” in DST Global …
Although Yandex is best known internationally for its search engine, its other services — some of which are very far from search — are used everyday by millions of Russian-speaking Internet users. This is why the company deserves to be named an integrated Internet group rather than a search service. East-West Digital News is happy …
Yandex assets: A dominating player far beyond the search market Read More
Had not Sergey Brin emigrated with his family to the United States at the age of 6, his destiny might have perhaps resembled those of Arkady Volozh and Ilya Segalovich, the Russian mathematicians who founded Yandex. Until the collapse of the Soviet Union in the early 1990s, Volozh and Segalovich were rather typical representatives of …
From startup to IPO: How Yandex became Russia’s search giant Read More
1990 Two information search systems — the International Classifier of Inventions and the Goods and Services Classifier — were developed in DOS by Arcadia, the company founded by Arkady Volozh and Arkady Borkovsky. These systems provided the foundation for Yandex’s technology.
Moscow-based startup incubator Fast Lane Ventures has just launched Jizo.ru, a metasearch engine for airline tickets. Jizo.ru aggregates ticket information “from a myriad of sources,” says the company, including the booking systems of leading travel agencies, airlines and booking sites. Its simplified, uncluttered interface allows users to select airline tickets by two main criteria: date …
Fast Lane Ventures launches airline ticket search engine Jizo.ru Read More
Russian Venture Company (RVC), a state-owned fund of funds, participated indirectly in a $20 million round of financing, announced last week, for Clearspring Technologies, a US-based online data giant. This fourth round brings Clearspring’s total funding to $58 million since its creation in 2004. Clearspring is the maker of the AddThis button that facilitates content …
Tele2 Russia, the Russian subsidiary of the Swedish-based European telecommunications group, has offered to acquire a 97% stake in regional operator SMARTS for $390 million, including $100 million to cover debt. Based in Samara, SMARTS is a Russian mobile operator with a regional presence that would ideally compliment that of Tele2 Russia, which currently operates …
VimpelCom, a leading international telecom group and Russian mobile operator, signed agreements last week for the acqusition of a 100% stake in New Telephone Company (NTC) from Korea Telecom and Sumitomo Corporation for $420 million, reported Kommersant, a Russian business daily.
You once said that you were in love with Russia. Please explain! To be in love means to believe and to be committed. We believe in Russia, in its entrepreneurs who are hungry for success. Some of them are very bold, like Oskar Hartmann (founder of leading online private shopping club KupiVIP.ru), Nikita Sherman (founder …
David Waroquier of Mangrove Capital Partners: Investing in Russia with “love” Read More
Tamir Fishman-CIG, a leading Israeli financial group, and the Russian Venture Company (RVC), the state-owned fund dedicated to fostering innovation in Russia, have invested over $6 million in a new joint venture to design a new ASIC semiconductor chip in Russia.
Every Spring since 1996, for three days, the Russian Internet incarnates into a sprawling mass of living high tech energy — the Russian Internet Forum at Lesnye Dali (Far Woods), a hotel complex located in a picturesque pine forest 38 km northeast from Moscow. From Moscow and far beyond, RIF attracts virtually all those who count …
Ostrovok.ru, an online hotel booking service launched last summer, announced last week it had raised $1 million from General Catalyst Partners, a US-based venture capital and growth equity firm, Kite Ventures, a Russian venture fund, and business angels who founded online travel services in the US and China such as Kayak and Qunar.com. The founders say …
Western and Russian investors bring $1 million to hotel booking site Read More
