Venture / Private equity

‘Doctor At Work’ secures $1 million from Bright Capital

June 29, 2012

Bright Capital, a major Russian venture fund operating internationally, announced last week its investment in Doktornarabote.ru (‘Doctor At Work’), Russia’s leading physicians’ community with nearly 80,000 registered practitioners. The fund offered $1 million in exchange for a minority stake in the startup online community, reported CNews.ru, a Russian IT news portal. Released in March 2010, …

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New startup accelerator GTI Labs launched in Moscow

June 28, 2012

Moscow-based investment consulting company Global TechInnovations and investment fund Prostor Capital have announced the launch of GTI Labs, a new acceleration program for IT start-ups. GTI Labs describes itself as a sort of “investment lift” in which representatives of venture funds are part of the project selection process. The fund will assess KPIs of selected …

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Internet investment triples in just 12 months, but market still lacks transparency

June 26, 2012

The last two years have shown a significant increase in venture capitalists’ interest in the Russian Internet, says a report released yesterday by Fast Lane Ventures, a major player in the field. Fast Lane identified no fewer than 215 venture deals in 2011, up from 59 during the previous year. The total investment volume during …

Internet investment triples in just 12 months, but market still lacks transparency Read More

Oleg Tinkov teams with Goldman Sachs to invest in online advertising and mobile

June 26, 2012

Russian businessman Oleg Tinkov last week announced the launch of Tinkoff Digital, an Internet company that will develop new technologies and products for the online and mobile advertising markets. Goldman Sachs will join Tinkov as a co-investor and shareholder in the business at an undisclosed share split. Tinkov and Goldman Sachs will initially invest approximately …

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KupiVip raises $38 million from leading Western funds

June 21, 2012

KupiVip Holding, the owner of the largest online fashion shopping club in Russia, has raised $38 million in a Series D funding deal led by Intel Capital, with new investment from Acton Capital Partners and the European Bank of Reconstruction and Development. Historic investors Accel Partners and Balderton Capital also participated in the round. KupiVip’s …

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MallStreet.ru sees sales grow 5-fold in one year, secures $1 million in second-round financing

June 20, 2012

MallStreet.ru, a Russian online retailer that until recently had remained under the radar, has just secured $1 million from investors in its second round of financing in less than a year. Neither the site’s valuation nor the investors’ identity were disclosed, but Mallstreet CEO Dmitry Shashkin told East-West Digital News that French business angel Fabrice …

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Ru-Net invests $17 million in Indian e-commerce

June 18, 2012

In yet another step in its international expansion, Ru-Net, a major Russian venture fund, has invested $17 million in Freecultr.com and BeStylish.com, two Indian e-commerce companies. The news on the investment in Freecultr – a website that offers its own apparels brands – was initially reported earlier this month by Iamwire, an online publication dedicated …

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Mail.ru Group CEO announces $25 million fund for robotics

June 18, 2012

Dmitry Grishin, the CEO of Mail.ru Group, the LSE-listed Russian Internet group, announced on Friday the launch of a New York City-based investment fund dedicated to robotics startups. The fund, named Grishin Robotics, intends to inject $25 million into 10 to 20 early stage or middle-size companies developing robots in the fields of home maintenance, education, …

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LinguaLeo raises $3 million, fulfills “American dream”

June 15, 2012

LinguaLeo, a Russian startup with a web service that teaches English using popular TV serials, books and contextual dialogues, has just secured $3 million from Runa Capital, a major Moscow-based venture fund. The site now serves 1.5 million registered users, of which 40,000 are paid subscribers, LinguaLeo founder Aynur Abdulnasyrov told East-West Digital News.

Superjob seeks minority shareholder “for successful IPO”

June 14, 2012

Morgan Stanley has been mandated by Superjob.ru, a leading online recruitment platform with 3.2 million unique users monthly, to find a potential acquirer of a minority stake, Russian business daily Kommersant reported yesterday. “We would offer a minority stake to a partner whose good name on the NASDAQ could help us go public successfully,” Kommersant …

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