A tech startup that is looking to make those hellish trips to the shoe store a thing of the past has won a grant of 15 million rubles (approximately $275,000 at the current exchange rate) from Skolkovo Foundation. Fitanny’s virtual shoe fitter compares your foot structure to the type of shoe you’re interested in, and then …
Virtual shoe-fitter wins 15 million ruble grant from Skolkovo Read More
Several changes in the Russian e-Commerce Fashion market have transpired over the past year. This 90-slide industry report prepared by Yandex analysts covers these changes in detail. User interest in online shopping with the intent to purchase has increased by 16% in the last year in Russia. This major growth has offset falling interests in …
Russian e-commerce fashion industry report Q4 2014 Read More
The founders of MaxTelCom believe their technology can bring fiber-optic networks to every apartment and office, which will boost the quality and speed of the internet by dozens if not hundreds of times compared to what we are familiar with today. The company plans to make its debut on the international market in 2015. The …
Russian startup aims to boost Internet speed significantly Read More
Last week, CityAds Media, a Moscow-based international performance advertising platform, announced the acquisition of Madnet. This mobile advertising platform had been launched last year by Tinkoff Digital, а Russian developer of innovative Internet and mobile advertising technologies, as “the first real-time bidding (RTB) platform in Russia for mobile devices.” Madnet has developed its own DSP, …
CPA giant CityAds Media acquires Tinkoff Digital’s mobile advertising platform Madnet Read More
A leading Russian economist likened the public reaction to the falling ruble to the “calm of someone facing suicide.” But on the Internet, it looked more like the “Day of Dark Humor.” Or make that “Arctic Fox Day”: The Russian name (“pesets”) for the cuddly canid sounds almost like an unutterably rude word for “f-ck up.” Arctic foxes thus became the illustration of choice for social media posts on “Black Tuesday,” including …
Russian social media reacts to ruble crisis with ‘Arctic Fox Day’ Read More
Qrator Labs, a Russian company specializing in DDoS-attack mitigation, has announced the launch of three traffic centers in the USA as an entry point into the local market, reports Russian IT portal ComNews.ru. The centers, based in Virginia, Texas and California, will work to filter unwanted traffic for potential clients. The company hopes to eventually become active …
SBT Venture Capital, the venture arm of Russia’s national savings bank Sberbank, has invested in eToro, a social network for investors. The Cyprus based social network allows members to follow the activities of their fellow investors in real time. The company’s stated mission is to “revolutionize the way people interact on the financial markets, making the …
Sberbank’s SBT Venture Capital invests in social network for investors Read More
Much speculation appeared today in the media following Google’s decision to move about one hundred of its engineers from its Russia office to other locations. A major US site thus suggested that Google’s move could be related to the “changing climate in Russia [which] may lead more Internet companies to move their operations to other …
Google shuts down engineering office in Russia: Much ado about nothing? Read More
Russians are now using the Internet on their mobile devices more frequently than through conventional computers. According to web statistics service LiveInternet, in November some 51% of Russian Internet users (31.1 million) accessed the web on their mobile devices, both phones and tablets. In October, the figure was 49.9% (29.4 million), with the majority still …
Mobile users become the majority on the Russian Internet Read More
Yandex, the Russian search giant, has acquired a browser application developed by Metabar, a portfolio company of Runa Capital. The financial details of the deal have not been disclosed, but Runa reported that it “provided a multiple return on investment.” Christened “Sovetnik” (Russian for “advisor”), this browser extension helps users find the best offer for …
Nginx (pronounced “engine-x”), a US-based open source web server publisher with Russian origins, has secured $20 million in a Series B1 round of financing from New Enterprise Associates (NEA). German-American fund e.ventures, Moscow-based Runa Capital, Index Ventures and Nginx CEO Gus Robertson also took part in the round, the company announced. Funding will be used for …
Web server publisher Nginx raises $20 million from US fund NEA Read More
Moscow and Amsterdam – Yandex (NASDAQ: YNDX), one of the largest European internet companies and the leading search provider in Russia, today announced it is embarking on a new B2B venture developing custom-made big data solutions for businesses – Yandex Data Factory. Yandex Data Factory, an international project with offices in Moscow and Amsterdam, will provide services …
Yandex to provide big data solutions to businesses Read More
