Internet

Daily deal site Biglion attracts new investment from Tiger Global Management

December 22, 2011

Biglion, a major player among Russian daily deal sites, has attracted significant funds from Tiger Global Management, a prominent investment firm operating in the public and private equity markets across the globe, Russian business daily Vedomosti revealed yesterday. Biglion co-founder Oleg Savtsov has confirmed the deal but did not disclose any details on the amount …

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Global streaming music service Deezer launches in Russia with few competitive advantages

December 20, 2011

Paris based international streaming music service Deezer launched its Russian language version yesterday with few visible signs of adaptation to the local market. Russia is the latest region for Deezer’s internationally deployed service. Deezer CEO Axel Dauchez expects revenues from online music on the Russian market will increase at least two fold each year over …

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Siberian game publisher Questli attracts Swiss and German money

December 17, 2011

Questli, a startup from Novosibirsk, Siberia, has raised an undisclosed amount from Zurich-based venture capital firm Redalpine and individual investors from Switzerland and Germany, industry blogger Yakov Sadchikov reported yesterday. Questli’s award-winning treasure hunting games combine crowd-sourced quests, location-based services and couponing. Founded by Danila Kozyatnikov in April 2011, the startup initially received CHF 200,000, …

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Russian companies demonstrate growing presence in Southeast Asian Internet markets

December 16, 2011

A Russian made search, news and advertising portal named Wada will be launched in Vietnam in a matter of weeks. It has been developed by Ashmanov & Partners, a leading Moscow web agency, in association with the Russian financial group Finam and Kazakhstani real estate developer Kusto. Although the initial investment in the Wada project has amounted …

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St. Peterburg startup aims to set a new global standard for online résumés

December 15, 2011

Created from the ground up less than half a year ago, ResumUp has suddenly assumed a presence on the Russian startup scene. From a “pretty obvious idea” – building infographic résumés using data from social media profiles – ResumUp aims at no less than “setting a new standard in career management, online and social recruiting,” …

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Ecwid completes first venture funding from Runa Capital, announces Silicon Valley, London presence

May 22, 2020

Mountain View, CA – Ecwid Inc., producer of the world’s first platform-neutral, drop-in store builder widget – which can be easily embedded into any website, blog or social network page in minutes – has announced its Series A round of venture funding and the planned opening of its first United States and United Kingdom offices. Ecwid is based …

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Viadeo teams up with Sanoma Independent Media to launch Russian version

December 14, 2011

Viadeo, a global professional social network with over 40 million members, and Sanoma Independent Media (SIM), Russia’s leading glossy magazine publisher, announced yesterday a joint venture agreement to develop Viadeo’s network in Russia. The deal will combine the local strengths of SIM asset Rb.ru, one of Russia’s top business websites with a powerful professional community …

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Megafon acquires Internet and cable TV provider in Western Siberia

December 13, 2011

MegaFon, a major Russian mobile operator, made a further step last Friday towards business diversification and regional expansion by acquiring Yugratel, a broadband Internet and cable TV provider operating in the Khanty-Mansiysk Autonomous District of Western Siberia. Yugratel was sold through an auction sale by the local authorities for 2.4 billion rubles, or approximately $76 …

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DST and General Atlantic lead $155 million funding round for Swedish payment solution provider Klarna

December 12, 2011

DST, Russia’s leading IT fund with stakes in Facebook, Groupon, Twitter and other top global web properties, has participated in a round of financing for Klarna, a Stockholm based alternative payment solution provider. Also participating in the round were General Atlantic, a leading global private equity firm, and Sequoia Capital, which contributed to Klarna’s financing …

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DST’s Yuri Milner and Vkontakte’s Pavel Durov team up to support Russian startups

December 12, 2011

Yuri Milner, founder of Russia’s leading Internet investment fund DST Global, and Pavel Durov, founder of Vkontakte.ru, the country’s most popular social network, launched Start Fellows last week, a joint grant project offering funds for newly minted Russian startups. Applications can be made online for qualifying startup projects to receive grants as large as $25,000. The …

DST’s Yuri Milner and Vkontakte’s Pavel Durov team up to support Russian startups Read More

Medvedev Twitter account caught in Moscow political turmoil

December 8, 2011

A surprisingly explicit retweet sent from Russian President Dmitri Medvedev’s Twitter account yesterday has ignited both the twitterverse and blogosphere with speculation about the behind the scenes mechanisms of the Presidential social media presence. The message, which ran, “If someone uses the expression ‘the party of rogues and thieves’ in his blog, he is a …

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Media3 asserts itself as major online media publisher

December 7, 2011

Media3, a major media publishing, commercial printing and distribution group, announced on Monday its acquisition of Delovoy Mir, Russia’s fifth largest publisher of online classifieds. The amount of the transaction was not disclosed, but Delovoy Mir Online Brand Manager Marina Zeitina told East-West Digital News that Media3 obtained a 90% stake, leaving the remaining 10% …

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