Speaktoit, a Russian mobile and Internet chatbot developer, and PiratePay, an antipiracy startup recently awarded grant funding from Microsoft, have been included on the Red Herring Top 100 Europe listing this year.
Utinet.ru, a major Russian online retailer specializing in notebooks and other electronic goods, has set early July as the target for its planned IPO on the MICEX stock exchange in Moscow, according to Mikhail Ukolov, the group’s Managing partner speaking on an online conference organized last week by Finam, a leading Russian financial company. This …
Professionali.ru, the second largest Russian professional social network after Yandex’s MoiKrug, announced it has raised $2.5 million from Open Capital, a London-based venture capital fund investing in Russia and other former Soviet states. The news has been reported by Unova, a Russian website specializing in local innovation and venture news.
Travelmenu.ru, a site offering a suite of travel products including hotels, flights, and vacation packages, announced yesterday that it has raised $1.6 million in growth capital from Almaz Capital Partners and Runa Capital, two important venture capital firms in Russia. The funds will be used “to invest in a direct-to-consumer marketing campaign and build additional …
Yandex triumphantly started trading yesterday on NASDAQ, with its shares subscribed 17 times more than had been made available, reported Reuters from an unnamed source. After initially considering a $20 to $22 price range per share, the company defined its IPO pricing at $25 per share, but after trading started, the price surged to nearly …
Yandex shares oversubscribed 17 times, surge up to 60% over initial pricing Read More
An original event took place last week in Moscow: Positive Hack Days — an international forum on practical information-security issues that aimed to “unite hackers and information security companies so that they could understand how much they need each other.” In addition to roundtables and masterclasses on a wide range of information security issues, the …
Apple’s Safari forced by hackers at Moscow contest Read More
During a visit to Kazan’s IT-Park earlier this month, presidential aide Arkady Dvorkovich praised Tatarstan for successfully implementing e-government at the local level. For example, now a couple wanting to marry can file an application online with a registry office, and parents can apply via the Internet for a place for their child at a …
Yandex looks to raise up to $1.1 billion offering 52 million shares between $24 to $25 a share, up from an initially considered price of $20 to $22, commanding a market value around $7 billion. Yandex will list on the NASDAQ under the symbol YNDX starting from May 23, 2011. In light of this IPO, East-West …
1. Yandex is more than a search engine Since its launch in 1997, not only has Yandex become Russia’s number one search engine. Beyond its estimated 55% to 64% share of the search market, Yandex is an integrated Internet company leading in such areas as online maps and location based services, news aggregation services, streaming music …
Seven things you need to know to be a Yandex expert Read More
Since 2002, Yandex has established itself as the leader of the online search market in Russia. Not only did it leave its Russian competitors in the dust – nowadays Mail.ru commands less than 8% of the search market and Rambler less than 2% – it has also successfully resisted Google’s offensive. Technologically, the initial Yandex …
Yandex vs. Google: Why the US giant failed to conquer Russia Read More
Today, only one player can pretend to match, or hope to surpass, Yandex on the Russian Internet market: Mail.ru Group, a behemoth that was introduced last year on the London Stock Exchange. Both groups are comparable in their range of revenues (Yandex: $439.7 million in 2010; Mail.ru Group: $324 million) and in their good financial …
Yandex vs. Mail.ru Group, the two behemoths of the Russian Internet Read More
If considered literally, the long list of “risk factors” published in Yandex’s IPO prospectus could terrify any reasonable investor. The list starts with countless business risks. Yandex does not hide its strong vulnerability to variations of the advertising market: “We generate almost all of our revenues from advertising, which is cyclical in nature.” Not only is …
