Severstal Ventures, an investment vehicle created earlier this year by the Russian steel and mining giant Severstal, has backed the first round of the Chrysalix RoboValley fund (Chrysalix RBV GP Ltd), along with other corporations. The amount of Severstal Ventures’ contribution has not been disclosed officially, but in an exchange with Russian business daily Vedomosti, …
Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, GHP Group, a wealth management and financial advisory, are joining forces to create a multi-function platform for the Russian restaurant and food delivery market. Also taking part in the venture are Grigory Gurevich and Evgeny Malakhov, who are the founders of restaurant automation software …
Sberbank, Rambler & Co and UCS join forces to create multifunction food service platform Read More
Russian startup Deliver (formerly iCanDeliver) has just announced the completion of a $7.5 million investment deal. The backers are Russian Direct Investment Fund (RDIF) and Mubadala, the Russian and Abu Dhabi sovereign funds, respectively. The respective contributions of the two funds have not been disclosed, but Deliver founder Danil Rudakov told Vedomosti that the investment will …
Ivideon, a Russian startup that has developed a cloud-based video surveillance technology, has raised $8 million from Rusnano Sistema SICAR and Skolkovo Ventures, according to a joint statement published yesterday. The company intends to use the funding to enlarge its development team and boost its international marketing effort. The Ivideon system is designed to work with any existing …
Earlier this month Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, took part in a $25 million Series C funding round for Licious, an Indian online meat and fish ordering startup. The funding round was led by Bertelsmann India Investments, UCLA, and Vertex Ventures Southeast Asia & India, while Mayfield …
Sistema Asia Capital backs yet another Indian food delivery startup Read More
S7 Group, a major Russian airline company, is about to launch a $50 million venture fund, Vedomosti reports. Since last year, the group has already invested some $10 million “in startups developing digital and industrial technologies,” S7’s VP for innovation Dmitry Chuiko told the business daily. These startups are from Western Europe, the USA, India and China, with …
Airline company S7 to launch $50 million venture fund Read More
AddVenture, an international venture fund with Russian roots, has led a $4 million round of funding for ServiceMarket, a Dubai-based home services marketplace (previously known as ‘MoveSouq’). Emaar Properties, a local real estate development company, also participated in the round in undisclosed proportions. AddVenture led a previous $3 million round one year ago. Seed and …
AddVenture leads new funding round for Dubai-based home services marketplace Read More
YouDo.com, a platform that matches people requesting and providing day-to-day services, has raised $17 million in an equity funding round led by mobile operator MTS, as reported by the business daily Kommersant. MTS put $12 million on the table, while undisclosed amounts were brought by Sistema Venture Capital (one of the investment vehicles of Sistema, a …
AI-powered service marketplace raises $17 million to “disrupt the classifieds market” Read More
Wayray, a startup with Russian origins which has developed holographic AR displays for cars, has attracted $80 million in a Series C round led by Porsche and China Merchants Capital, a major Chinese investment firm. The other investors are Hyundai Motor, Alibaba Group, JVCKENWOOD and a consortium of sovereign funds. These include the Russia-Japan Investment Fund, established last year, alongside the …
Grishin Robotics, an international venture fund with Russian roots, has taken part in a $63 million funding round for the Brazilian stationless bicycle-sharing platform Yellow. The round was led by Silicon Valley investment firm GGV Capital. It is the largest Series A ever for a Latin American startup, according to TechCrunch. In April this year, Grishin Robotics …
Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, is one of the main investors in a $30 million funding round for Indian e-credit startup Kissht. Singapore’s Vertex Ventures SEA (Temasek Holdings) has co-led the round, which also involved existing investors, Indian funds VenturEast and Endiya Partners, and China’s Fosun RZ Capital. Founded …
Sistema’s venture arm invests in Indian credit startup Read More
Mitsubishi Corp. and Mail.Ru Group have invested $4.1 million in car selling site Autospot, in exchange for a 21% stake in the company – setting the company’s post-money valuation at $19.1 million. The news was reported by the business daily Vedomosti based on exchanges with Autospot’s general manager Dmitry Andreev. Autospot allows its users to buy a …
Mitsubishi Corp. and Mail.Ru Group invest in car selling site Autospot Read More
