Internet

Mail.ru Group developing ‘Russian Twitter’

Mail.ru Group, a leading Russian Internet group listed on the London Stock Exchange, is developing its own microblogging service to compete with Twitter on the Russian market, Russian business daily Kommersant reported earlier this week from unnamed sources within and outside the group. The ‘Russian Twitter’ will be integrated to user accounts on the group’s …

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Mail.ru Group to offer MMORPG Dofus to Russian gamers

French computer game publisher Ankama Games and leading Russian Internet company Mail.ru Group are about to launch a Russian version of ‘Dofus,’ a massively multiplayer online role-playing game (MMORPG) that has attracted dozens of millions of users across the globe since it was released in 2005. A beta version of the Russian language game has …

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Yandex rated 5th most popular global search engine

Russia’s top Internet search portal Yandex, which outstrips Google on the domestic market with a 62% market share, has been ranked fifth on a global list of Internet search properties prepared by the US research firm comScore, reported news agency RIA Novosti.

UK online invoicing startup Tradeshift nabs $17 million in funding led by Russian funds

British electronic invoicing startup Tradeshift announced last week it had secured $17 million in funding led by Russian venture funds Ru-Net and Kite Ventures, Tradeshift co-founder and CEO Christian Llang reported in the company’s blog. Existing Tradeshift investor British fund Notion Capital also took part in the round of funding to increase its stake in …

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Skolkovo holds roadshows in Silicon Valley, Munich and Vienna

Skolkovo Foundation, the state owned enterprise building an international innovation hub near Moscow, completed a series of roadshows in Western countries to present its projects. The first presentation, held in Vienna on September 14, focused on biomedical, energy saving technology, and IT projects. The Skolkovo delegation also discussed possible cooperation in the field of nuclear …

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Samsung smartphones to feature Yandex search and preinstalled Yandex apps

As early as next month, Yandex services for mobile devices will come preinstalled on all Samsung Bada-powered smartphones sold in the CIS countries, the Russian search giant announced on Tuesday. In addition to the Yandex search engine, the agreement with Samsung will include the preinstallation of Yandex.Maps, Yandex.Mail, Yandex.Metro, Yandex.Market, and a number of other …

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Moscow startup aims to become Russia’s LastMinute.com

Muscovites can now easily escape the noise and pollution of the Russian capital for a spontaneous week-end trip thanks to Travelata.ru, a new website specializing in short range impulse travel that launched its beta version on Monday. The site offers tours on weekends or short holidays in Russia, near abroad countries like Turkey or Latvia …

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Russian state invests in US clouds

Russian Venture Company (RVC), the state owned fund of funds dedicated to innovation, announced last week it has been an indirect participant in a $250 million series B financing for Dropbox, a leading US cloud storage startup. The investment was made through Institutional Venture Partners XIII (IVP), a prominent later stage venture capital and growth …

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Russian VoIP service Sipnet stronger than Skype on the domestic market

Sipnet, a Russian VoIP service provider, reached a 52% share of the Russian VoIP market in 2010 in value, according to J’son & Partners, a telecom market research and financial consulting firm operating in Eastern Europe. Skype held second place in Russia with a 32% market share. The total market size for VoIP doubled since …

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Ru-Net makes its $700 million available to US tech startups

Ru-Net, a major Moscow-based venture fund, has set up an American arm to invest in US Internet, SaaS and cloud computing companies. The new fund, named RTP Ventures, opened a representative office  in New York City only last month, but has already made several investments in the first months of operations. RTP invests between $1m and $10m …

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Russian online storage company considers IPO in Poland

ОSG Records Management, a major Russian online backup and document archive solution provider operating in Eastern Europe, could go public in early 2012, Russian business daily RBC Daily reported yesterday. OSG’s initial public offering could take place on the Warsaw stock exchange. “Poland is our second largest market after Russia,”  OSG Financial Director Mikhail Shokhorov …

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