Russian seed and early stage venture fund Runa Capital has invested $1 million in Metabar, a Russian startup allowing websites to customize a toolbar to adhere to their features, news, and other applications. “Our platform allows website owners to transform casual visitors into regular audiences,” said Mikail Ushakov, Metabar’s CEO.
Russia’s leading mobile retailer Euroset, whose IPO on the LSE was scheduled for this week, decided today to postpone the operation. “Despite increased interest from the investment community in Euroset, we decided to postpone the IPO due to volatile market conditions,” said President Alexander Malis, adding however that the company still expects to realize its strategic …
Amsterdam and New York – VimpelCom Ltd. and WIND Telecom S.p.A., leading international providers of telecommunications services, are pleased to announce the closing of the transaction that combines the two entities to create a new global telecom group.
Yandex, the leading search engine on the Russian-language Internet, announced yesterday the launch of Yandex.Factory, an investment program designed to help startups finance their product, prototype, or project development at the seed, or early, stage.
KupiVIP.ru, Russia’s leading online shopping club, announced today the completion of a $55 million Series C funding deal – a record transaction for a Russian ecommerce business. Three new investors participated in the operation: Balderton Capital, Bessemer Venture Partners and Russia Partners.
Babyboom.ru, a Russian children’s goods website, has raised $900,000 from investors including Index Ventures and Team Europe Ventures as well as from business angels Chamath Palihapitiya, VP of Facebook, Fabrice Grinda, the founder of OLX, Jose Marin, the founder of IG Expansion and James Gutierrez, the founder of Progreso Financiero.
First Satellite Company, Russia’s leading distributor and retailer of digital TV equipment, announced last week that it has been acquired by Dutch fund Enterprise Emerging Markets Fund B.V.
MTS, a leading Russian mobile operator, intends to purchase Republic of Tatarstan TV and Radio Company TVT (TRC TVT) for $180 million, Kommersant reports. TRC TVT, the largest cable TV operator in Tatarstan, is currently 100% owned by TAIF group. It provides services in 15 municipalities and covers over 650,000 households.
Euroset Holding NV, parent company of Euroset Group, has promised to pay dividends in 2012 that range from 45% to 75% of the consolidated net income of the preceding fiscal year, as stated in the preliminary prospectus for the IPO of Euroset Holding.
Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.
Swedish investment company Vostok Nafta Investment called Avito.ru, its online-classified-ads affiliate company in Russia, the “real romance” of its portfolio in 2011. Vostok Nafta, which owns 25.8% of Avito, claims in its annual report that the site established itself as “the number one online classifieds operator in Russia” following the “explosion” of its traffic since …
Swedish investor has “real romance” with Russian classifieds site Read More
With revenues exceeding 81 billion rubles (approximately $2.87 billion) in 2010, National Computer Corporation (NCC) confirmed its status as the biggest player on the Russian IT market, reports CNews.ru, an online news portal specialized in IT.
