Internet

Russian startup sets new trend in global yacht rental market

March 19, 2015 July 9, 2015

Well known and practiced in the fields of car and apartment sharing, the booming sharing economy also applies to the global yacht rental market. Pioneering this trend is Anchor.Travel, a Russian startup launched last year by Russian entrepreneurs Sergei Medvedev and Stanislav Kharlamov. Competing with the American Boatbound.com and the French Sailsharing.com, Anchor.Travel has a database interface that uses a …

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Acceleration program advances US-Russia innovation, entrepreneurship, and commercialization

March 18, 2015 February 25, 2016

Washington, D.C. – Three education technology startups from Russia traveled to the Washington, D.C. and Baltimore regions on March 2-12 as part of the U.S.-Russia Innovation Corridor (USRIC) program. Administered by American Councils for International Education and funded by the US-Russia Foundation, USRIC connects Russian startups to universities, scientists, business development experts, industry associations, and …

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SocialKey launches profiled ads on Russian social networks

March 18, 2015 April 14, 2015

Digital Society Laboratory (DSL), a Russian developer of Internet-based advertising and analytical applications, has just launched SocialKey Ads, which it presents as a platform to profile and manage ads in Russian social networks. The company invested no less than $3.5 million in the project, reported Russian tech blog Firrma.ru. Inspired by such western solutions as Nanigans, Adobe AdLens and Marin Software, the SocialKey …

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Western investors injected $5 million in Russian online travel agency Oktogo

March 16, 2015 February 25, 2016

In December last year Oktogo, a major Russian online travel agency and content portal, secured “more than $5 million” from a pool of investors which included essentially Poland’s MCI Management, Luxembourg’s Mangrove Capital Partners, France’s Ventech and Russia’s ABRT. The deal was revealed last week by Russian business daily Vedomosti and confirmed to East-West Digital …

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Russia to create cyber security council

March 16, 2015 March 16, 2015

Earlier this month Russian Vice-Premier Dmitry Rogozin ordered the creation of a council for cyber security that will operate under the Military Industrial Commission. An inter-departmental working group for information security would also be set up. “Mr. Rogozin ordered the creation of a council for cyber security within the framework of the Military Industrial Commission …

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Report: Goldman Sachs invested $8 million in Russian flight ticket booking site Onetwotrip

March 13, 2015 March 2, 2017

Goldman Sachs invested $8 million in Onetwotrip.com, a Moscow-based startup that sells air tickets and hotel bookings to users from Russia and several European countries. The capital injection was not publicly announced when it took place in late 2014, but it was revealed last week by Russian business daily Kommersant, which cited sources close to …

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Wedding startup from Tatarstan secures $400,000 from business angels

March 12, 2015 February 25, 2016

Russian wedding startup Wedvice, a resident at the business incubator of the Naberezhnye Chelny IT park, in Tartarstan, has received 25 million rubles (a little more than $400,000 at the current exchange rate) in investment. The investment came from Moscow businessman Alexander Borobyov, CSKA Basketballer Vitaly Fridzon and fellow IT park resident DoctorNet.pro. Among the service’s …

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Mail.ru Group launches unified mobile advertising platform

March 11, 2015 February 26, 2016

Mail.Ru Group, a leading, LSE-listed Russian Internet Group, has launched myTarget, an advertising platform that combines the audience of mobile services and social networks in Russia and the CIS, including VKontakte, Odnoklassniki and Moi Mir. “For the first time, we have combined all of our services and the mobile audience. Advertisers receive a single point …

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Russian startup helps users learn European languages in just one minute a day

March 11, 2015 April 14, 2015

According to Facebook statistics there are more than two million Anglophones in Brazil that would like to learn Portuguese. In Mexico there are almost 2.5 million Anglophones that would like to learn Spanish. In the U.S. there are more than 1.6 million Spanish speakers that need English and almost three million people that would like …

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Charles Bellissen of ShopAlike: “Even if the market slows down this year, we still believe in Russia’s huge potential”

March 10, 2015 July 9, 2015

Amid signs of renewal of the Russian e-commerce marketplace scene, ShopAlike, an international fashion-focused aggregator launched back in 2009, has been making headway in the Russian market for almost a year. In an exclusive interview with East-West Digital News, Charles Bellissen, Global Head of Sales at Visual-Meta GmbH – the German company behind the platform …

Charles Bellissen of ShopAlike: “Even if the market slows down this year, we still believe in Russia’s huge potential” Read More

Russia’s Ulmart shops around with Hong Kong on IPO schedule

March 9, 2015 February 26, 2016

Russia’s biggest online retailer is now visiting the New York Stock Exchange and NASDAQ and plans to scout out Hong Kong and London in coming months as potential venues for an up to $1.5 billion IPO in 2016, the company’s spokesman Brian Kean told The Wall Street Journal. “Before buying fish, you usually check it out …

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Cross-border e-commerce: Are Western players losing Russia?

March 6, 2015 January 31, 2017

Until recently, a number of Western online retailers of all sizes enjoyed growing popularity among Russian customers, who appreciated their diversified assortment and virtually tax-free purchases. Among the most popular product categories were clothing, consumer electronics and gadgets as well as automobile parts. According to EWDN’s latest report, by the market reached some $5 billion in 2014, …

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