Venture / Private equity

Russia’s online dating market consolidates: Mamba acquires Teamo

October 4, 2016

Mamba, the leading online dating company in Russia, has acquired Teamo.ru, an online service launched in 2010 by Moscow-based Internet startup investor and incubator Fastlane Ventures. Russian business daily Kommersant heard from a source “with knowledge of the project” that Teamo has been valued at “several million US dollars.” Mamba’s general manager Andrey Bronetskiy characterized Teamo as “a …

Russia’s online dating market consolidates: Mamba acquires Teamo Read More

Belgrade forum meeting point for investors from across Europe

February 12, 2016

Arguably one of the most influential startup and venture capital events in the CEE region, the Belgrade Venture Forum will be held on November 12-14 in the Serbian capital, attracting hundreds of industry players from the region and beyond. Intended for entrepreneurs and investors, as well as for corporations and governments, the forum will feature …

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Hong Kong investment company acquires Russia’s Yota Devices in $150 million deal

February 12, 2016

Earlier this week Rex Global Entertainment, a Hong Kong-based investment company, announced that it has acquired a 64.9% stake in Russian smartphone manufacturer Yota Devices for $100 million. The shares were purchased from Telconet Capital Limited Partnership. The remaining shareholders are Russian state corporation Rostec (25.1%) and Yota management (10%), Yota Devices CEO Vladislav Martynov told Russian …

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Naspers acquires controlling stake in Avito.ru in one of Europe’s largest startup exits

February 12, 2016

Naspers announced today a $1.2 billion transaction to become the largest shareholder in Russia’s leading online classifieds site Avito.ru — just weeks after the company aired its IPO plans. After buying shares from existing shareholders, Naspers will increase its stake from 17.4% to 67.9% on a fully diluted basis. Kinnevik is selling its entire 31% stake to the …

Naspers acquires controlling stake in Avito.ru in one of Europe’s largest startup exits Read More

Russia’s O1 Group invests in international startups

February 12, 2016

Since early 2015 O1 Group — a Cyprus-based Russian holding company which had thus far made investments essentially in the Russian real estate and financial sectors — has injected no less than $20 million in foreign tech startups at the pre-IPO stage. These moves were revealed last week by Igor Mints, the son of managing director Boris Mints, …

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Russian billionaire Alisher Usmanov invests “$100 million or more” in e-sports platform

July 29, 2017

Yesterday USM, an investment company controlled by Russian billionaire Alisher Usmanov, announced an investment of “$100 million or more” in Virtus.pro. Launched in 2003, this popular eSports resource organizes multiplayer video game competitions, particularly between professional players. “eSports are a unique proposition, uniting the sports, media and the internet industries,” stated Ivan Streshinsky, a member …

Russian billionaire Alisher Usmanov invests “$100 million or more” in e-sports platform Read More

Chinese fund Cybernaut injects $70 million in Russian-Chinese satellite project

February 12, 2016

Dauria Aerospace, a Russian space technology company, plans to develop and launch 10 satellites to monitor life in some of the largest cities in the world, primarily those located on a new Silk Road. Chinese investment fund Cybernaut will spend $70 million on the project as part of the Urban Observer project to conduct daily …

Chinese fund Cybernaut injects $70 million in Russian-Chinese satellite project Read More

Ru-Net invests in Delhi-based startup PepperTap as Russian players eye Indian market

February 12, 2016

Is India – following Singapore and South Korea – becoming one of Asia’s top destinations for Russian investors? Exemplifying this growing interest in the Indian market, Ru-Net, a Moscow-based venture fund, took part last month in a $36 million funding round for Delhi-based grocery delivery startup PepperTap. Also participating in the round were e-commerce marketplace Snapdeal, which led it, JAFCO and …

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Buran Venture Capital launches new fund to invest in Central and Eastern Europe, Israel and Turkey

February 12, 2016

Buran Venture Capital (BVC), a Moscow-based global tech-focused venture capital firm, announced last week it received $16 million in commitments for its new fund, Buran Venture Capital II. The limited partners involved in BVC II are mostly investors of BVC I, with O1 Group — a private holding company investing in the Russian real estate and …

Buran Venture Capital launches new fund to invest in Central and Eastern Europe, Israel and Turkey Read More

Indian food delivery service Inner Chef secures $1.7 million from Ukrainian, Russian and local investors

February 12, 2016

Inner Chef, an Indian adaptation of the US service Blue Apron, has raised $1.7 million from Kiev, Ukraine-based fund TA Ventures and several business angels. These include Boris Ryabov, managing partner of Russia-based venture fund Bright Capital, as well as Indian entrepreneurs Phanindra Sama, Vijay Shekhar Sharma, Anupam Mittal Vishal Gondal and others. Inner-Chef was launched …

Indian food delivery service Inner Chef secures $1.7 million from Ukrainian, Russian and local investors Read More

Yell.ru acquires Ukrainian-Russian startup YouScan

February 12, 2016

Local search and user review service Yell.ru has acquired a controlling stake in Ukraino-Russian startup YouScan by buying the shares of the previous investors, while the founding team retained a minority stake. No further details of the transaction were disclosed. Yell also announced that it will invest $1 million in the company’s further development. YouScan …

Yell.ru acquires Ukrainian-Russian startup YouScan Read More

Russian online video platform ivi.ru raises $3.5 million from Buran Venture Capital

February 12, 2016

This past Friday Buran Venture Capital announced that it has invested $3.5 million in ivi.ru, a major online video streaming platform operating in Russia and neighboring Russian-speaking countries. The details of the transaction have not been disclosed. The capital injection will allow ivi.ru to “further development its video platform and strengthen its position on the mobile and …

Russian online video platform ivi.ru raises $3.5 million from Buran Venture Capital Read More

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