International

Panasonic, Philips and Samsung to embed MTS content service into their TV sets

Leading Russian mobile operator MTS recently signed cooperation agreements with several major producers of TV sets, including Panasonic, Philips and Samsung, to deliver content from Omlet.ru, an MTS subsidiary, to their TV sets. The news was reported last week by Russian newspaper RBC Daily from unnamed sources.

Russian mobile game Cut the Rope tops Android app market

Cut the Rope, a game developed by Russian firm ZeptoLab, topped the paid applications section of Android Market, the application store for Android-supported devices, just one week after its launch on July 1.

$13.6 million injected into Russian Booking.com

Ostrovok.ru, an online hotel booking service launched a year ago in Russia, announced yesterday it has raised as much as $13.6 million from leading international investors. Among them are General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well as prominent business angels including Qunar founder Fritz Demopoulos, Yandex board member Esther Dyson, Zyngo founder Mark …

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Russia tightens screws on copyright violations

Three major court cases involving violation of electronic copyright came into the spotlight in Russia over the past two weeks, revealing a steady – though controversial – progress in the application of copyright related legislation in the country.

New fund makes Internet equity accessible for $1,000

Troika Dialog Asset Management announced last Friday the creation of Troika Dialog-Global Internet, a new open ended equity fund that will invest exclusively in Internet related businesses, both in Russia and abroad.

Yandex invests in US mobile app startup

Refine.io, a startup offering to “create and share fully functional prototypes of mobile apps in about the same time as it takes to develop a wireframe,” received seed funding from Russia’s search engine giant Yandex under the Yandex.Factory program.

Russian startup to measure itself against international e-learning giants

LinguaLeo emerged last week as the winner of the annual BIT competition, Russia’s primary innovation and entrepreneurship contest with entrants from all across the country. LinguaLeo is a web service that teaches foreign languages using popular TV serials, books, and contextual dialogues.

Modest prizes for ambitious startups at BIT finale

National innovation and entrepreneurship contest BIT held its finale last Friday on the premises of Moscow business incubator Digital October. LinguaLeo, a web service that teaches foreign languages through popular TV serials, books and contextual dialogues, walked away with the first prize.

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