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.
A poll released by SuperJob.ru, a leading Russian language employment search provider in Russia and the CIS, indicated that just 28% of Russian Internet users are registered with a professional social network.
Fast Lane Ventures, a business incubator based in Moscow, announced the launch of Upladder.ru, the first Russian online job search service reserved for professionals with a monthly salary of more than 100,000 rubles, or $3,500.
KupiKupon.ru, one of Russia’s numerous local deal sites, is in discussions with investors to raise between $10 to $15 million, reported Unova, a Russian site dedicated to high tech and venture news. To date, KupiKupon has received $6 million in previous rounds rounds of financing.
Online portal and search engine Rambler announced last week its first investment since its merger with media company Afisha. Rambler acquired Kanobu Network, the leading Russian network gaming site, for $3.5 million, an unnamed source told the Russian business daily Vedomosti.
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.
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.
New Federal legislation on payment systems was adopted by the Russian Duma on June 14 and signed into law by President Medvedev on June 27. The new law establishes the legal and organizational foundation for the country’s payment system and regulates the procedure for rendering payment services. The law recognizes four types of players who …
i-Free, a global Russian mobile, digital finance and micro payment company, announced last Thursday the launch of its own internal venture fund to invest in IT startups. The new fund will provide financing as well as training and mentor support for seed stage projects – even to projects with “non-obvious monetization schemes” – and early growth …
St. Petersburg high tech company to fund Russian and foreign startups Read More
Russian search system Yandex announced last week its intention to allocate funding for Social Market, a startup from Moscow developing a social commerce application, within the Yandex.Factory program.
The Moscow city government has signaled its preliminary approval for a five year city informatization program on Tuesday. The draft proposal of the program concludes that the whole initiative would cost 329.5 billion rubles, about $11 billion –a quarter of the city’s annual budget – and would be rolled out from 2012-2016. Following a series of public …
$11 billion to be poured in Moscow e-city development program Read More
Synergy Innovations, the venture arm of the Moscow University of Industry and Finance, will invest $1 million into the i-Ogorod web service – ‘i Garden’ in Russian – a project allowing its users to set up real vegetable gardens and manage them through the Internet.
