International

Russian agroindustrial major GrainRus invests in international foodtech fund

April 29, 2021

GrainRus, a Russian importer and producer of raw materials for the brewing and dairy industry, has become a limited partner (LP) of a Hong Kong and US-based foodtech fund.  Lever VC was launched in 2018 to invest in the alternative protein space. Its team includes early investors in Beyond Meat, Impossible Foods, Memphis Meats and other …

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Eastern Europe quarterly review: Major deals secured abroad; local startups escape political turmoil

April 28, 2021

Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia, Ukraine and Belarus. The last column by EWDN Chief Editor Adrien Henni highlights the most notable industry facts and trends in the first quarter of 2021. Almost no major local deals took place in this period, but Eastern …

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Russian mapping major 2GIS acquires Belarusian geo-marketing startup

April 28, 2021

2GIS, a leading mapping service owned by Sber, is in the process of acquiring RocketData, a successful geomarketing startup from Belarus. Founded in 2017, RocketData provides an “easy-to-use platform to manage your company’s business information and user reviews among more than 30 location-based services” — from maps, search engines and directories, to GPS devices, to social networks. RocketData …

Russian mapping major 2GIS acquires Belarusian geo-marketing startup Read More

World’s megacities gather in virtual event to discuss global smart city challenges (May 25-26)

May 17, 2021

On May 25-26, Moscow will host Smart Cities Moscow, an international online forum dedicated to smart cities and the ‘new normal’ in the urban environment More than 50 international speakers are expected, including heads of administrations of large megacities across the world, professors and experts from leading educational institutions, business representatives in the field of …

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Backed by Baring Vostok, Russian-founded startup targets London’s highly competitive delivery market

May 26, 2021

Russian-speaking tech entrepreneurs and investors are more than ever active abroad — which has been illustrated again in the UK by a grocery delivery and dark store startup called Jiffy. Founded in November 2020, this company aims to deliver fresh products, meals and household essentials “in just 15 minutes” in several districts of the British capital. With products sourced from local …

Backed by Baring Vostok, Russian-founded startup targets London’s highly competitive delivery market Read More

Should Russian banks be scared of SWIFT disconnection?

April 30, 2021

In a meeting with EU foreign ministers, Ukraine’s top diplomat Dmytro Kuleba joined the chorus of voices calling for Russia to be disconnected from SWIFT — the financial messaging network that underpins the global banking system. The proposal — long popular among those who favor slapping hard-hitting sanctions on Russia — has picked up new …

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After successes in Russia and Israel, Yandex prepares to launch express delivery service in Western Europe

April 30, 2021

Yandex, the NASDAQ-listed Russian tech major, is preparing to launch its express e-grocery delivery service in Western Europe — after successful deployment in Russia and Israel.  The first target is France, where Yandex registered a local company earlier this month and started hiring, according to a company spokesman cited by AFP. Initially covering the central districts of Paris, …

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At 1.6% of net salary, Russia ranks 18th in Europe for broadband Internet expense

April 20, 2021

AddictiveTips.com, an online resource on apps, phone and the web, has calculated the cost of broadband Internet relative to users’ income across 37 European countries. Price data came from Cable.co.uk and salary data from Numbeo.  Russia ranks 18th as the average broadband expense in this country (€75.65 per year, €6.30 per month) accounts for 1.6% of Russians’ net salary (€4,497 per year, €375 per month).  …

At 1.6% of net salary, Russia ranks 18th in Europe for broadband Internet expense Read More

Russia probes YouTube for “abusing” dominant position and “biased” content moderation practice

April 20, 2021

Russia has launched a probe against YouTube for “abusing” its dominant position in the market by making “biased” decisions about comment moderation, a government regulator said on Monday. The Federal Anti-Monopoly Service said that YouTube’s rules relating to the suspension or deletion of accounts are “opaque, biased and unpredictable.”  “This leads to sudden blocking and …

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X5 pursues innovation path through dark kitchens, freshness sensors and facial recognition payments

April 16, 2021

X5 Retail Group, a leading Russian food retailer listed on the Moscow and London stock exchanges, has acquired a dark kitchen company called Mnogo Lososya (‘A Lot of Salmon’). The group’s head Igor Shekhterman revealed the transaction earlier this week in a media interview, without providing any financial details.  “While we see great potential in this business, we didn’t have …

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Russian e-commerce leader makes first steps on US market

May 12, 2021

Wildberries, the number one Russian e-commerce company, is making its first steps on the US market with dedicated versions of its website and mobile app. The site’s URL, us.wildberries.ru, betrays its Russian origin, while no US suppliers have been onboarded for the moment, as reported by Kommersant.  Deliveries will be carried out from Russian warehouses with the help …

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Russian unmanned retail startup raises millions every few months, targets EU, UK and US markets

April 12, 2021

In late March Moscow startup Briskly raised $3 million from Maxim Poletaev and Gauss Ventures alongside two unnamed new investors. Poletaev, a former Sber executive, and Gauss, a Cayman-based fund with Russian connections, backed Briskly from the very beginning, with a $370,000 injection in 2019.  The deal came just five months after a previous $2 million round — and is preceding a new …

Russian unmanned retail startup raises millions every few months, targets EU, UK and US markets Read More

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