Internet

Poland’s InPost and Russia’s Qiwi launch postbox network for parcel delivery

InPost, a Polish operator of postboxes for parcel delivery, Qiwi, the famous Russian payment operator, and iTech Capital, a Russian venture fund, are deploying a network of self-pickup points to deliver parcels from distance selling and e-commerce companies. The network, named Qiwi Post, started operating in early February with 15 locations in Moscow, nearby malls, …

Poland’s InPost and Russia’s Qiwi launch postbox network for parcel delivery Read More

Yandex e-currency enables fund transfers to Visa and MasterCard accounts

The users of Yandex.Dengi, which translates to Yandex.Money, can now transfer funds from their Yandex electronic currency accounts to any bank account with a Visa or MasterCard card. Funds can be transferred to the user’s own account or to any other account of their choice, the Russian search giant Yandex announced last week.

W3C opens representative office in Russia

W3C, the international consortium developing web standards, announced today the launch of its Russia Office in Moscow. The office is hosted by the Higher School of Economics (HSE), which will help W3C strengthen ties to both industry and research in Russia and abroad.

Ozon.ru acquires online shoe retailer Sapato.ru

Asserting its leadership in the fast-growing Russian e-commerce market, Ozon.ru confirmed yesterday the full acquisition of leading online shoe and accessory retailer Sapato.ru for an undisclosed amount, partly paid with shares. Ozon’s intentions had been revealed earlier this month when the Russian antimonopoly authorities gave their green light for the deal.

Runa Capital invests in US website security startup StopTheHacker

SaaS website security services provider StopTheHacker announced earlier this week that it received $1.1 million in initial funding from public and private investors including Runa Capital, a Russian early-stage venture capital firm, and Brian NeSmith, former CEO of Bluecoat. StopTheHacker’s proprietary, patent-pending technology helps solve web-scale security problems involving malware on websites, hacker attacks and other types …

Runa Capital invests in US website security startup StopTheHacker Read More

Hulu.com considers entering the Russian market

Representatives of Hulu.com, including its Senior Vice President of International Affairs, Johannes Larcher, visited Moscow last week to meet representatives from the Russian online video and movie industries, Russian business daily Vedomosti reported on Friday, citing unnamed sources. The Hulu representatives were inquiring about the current state of the Russian online video market, its key …

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Online hotel booking service Oktogo.ru secures $10 million

Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …

Online hotel booking service Oktogo.ru secures $10 million Read More

Airbnb co-founder Nathan Blecharczyk: “Entering a market is not just buying a local site and putting your brand on it”

After launches in a range of European, Latin American and Asian countries, Airbnb.com, the famous US online alternative accommodation service, is coming to Russia. The embryonic Airbnb Russian team is headed by Eugen Miropolski, who formerly held senior executive positions at Fast Lane Ventures, KupiVip.ru, and Groupon Russia. In an interview with EWDN chief editor …

Airbnb co-founder Nathan Blecharczyk: “Entering a market is not just buying a local site and putting your brand on it” Read More

Heverest.ru secures new investment – from mystery financiers

Heverest.ru, a Moscow-based online retailer of sports and recreational equipment launched by Fast Lane Ventures in June 2011, has attracted a new investment of $4.3 million – just three months after securing $1.3 million in financing. The total investment in this startup now comes to $6.7 million. eVenture Capital Partners, the venture arm of the …

Heverest.ru secures new investment – from mystery financiers Read More

iTech Capital’s Gleb Davidyuk: “The Russian startup scene has been largely spared corruption.”

A new player on the Russian venture scene, iTech Capital has attracted capital from a variety of prominent Russian IT businessmen. Its first investments, in late 2011, went to play marketing site The Battle Of Brands and to Giftofoni, an innovative social gifting app launched on the Turkish-language segment of Facebook. In this exchange with East-West …

iTech Capital’s Gleb Davidyuk: “The Russian startup scene has been largely spared corruption.” Read More

Yandex and Skype to support each other on the Russian market

Last week, Yandex, the Russian company that dominates the domestic search market, announced a partnership with Skype to promote their respective services among their users, news agency RIA Novosti reported. Users dowloading Skype software will be prompted to install a Yandex search bar add-on on their web browser and make Yandex their default search engine. …

Yandex and Skype to support each other on the Russian market Read More

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