Internet

Fastlane’s Autospot secures $3 million in Series A round

October 10, 2014

Car sales website AutoSpot has received $3 million investment from Russian venture fund SOL Ventures, tech entrepreneur Sergey Gabestro and a number of previous investors in the company. The news was reported earlier this month by Firrma.ru, an online publication on the Russian startup and venture scene. Launched in November 2013 by Moscow startup incubator Fastlane Ventures and business angel Dmitry …

Fastlane’s Autospot secures $3 million in Series A round Read More

Hubert Burba Media invests in Russian educational e-commerce site Bimbasket

October 8, 2014

Earlier this week the global German media company Hubert Burba Media announced their investment in Russian educational e-commerce site Bimbasket.  Burda received a “strategic share” in the startup in exchange for a cash injection combined with media campaigns using the media-for-equity model. Neither the amount of the deal nor the startup’s valuation have been disclosed. Launched in early 2013, Bimbasket enables parents …

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Yandex acquires PriceLabs, gets a divorce from MultiShip

October 7, 2014

Yandex’s strategy to develop its marketplace, Yandex Market, saw new developments in the past few weeks. The company acquired PriceLabs, the developer of a price monitoring and optimization solution, and abruptly ended cooperation with MultiShip, an aggregator of delivery service offers in which Yandex had invested earlier this year. The Russian search giant did not …

Yandex acquires PriceLabs, gets a divorce from MultiShip Read More

Impulse VC invests in smart home startup Contactless

October 6, 2014

The Russian venture fund and incubator Impulse VC has announced an investment of “up to $300,000” in Moscow-based Contactless (in Russian: Beskontaknye Ustroistva), a startup that is developing a home and industrial automation platform called the Wiren Board. “The final investment amount will depend on company performance,” Valeria Zhigacheva of the fund’s press service told …

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E-commerce leader Ulmart acquires satellite TV distributor No Limit Electronics

October 3, 2014

Ulmart, the leading Russian e-commerce company, whose sales exceeded $1 billion last year, is in the process of acquiring Satellite Company, which operates No Limit Electronics, a leading distributor and retailer of digital TV equipment. Satellite Company, which expects a turnover of around $375 million this year, has been valued “somewhere between $200 million and …

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Ubisoft opens Moscow office to serve growing Russian gaming community

October 2, 2014

Everyone knows that people make vodka is Russia, but now they also make Ubisoft games in that country as well. The publisher is opening a new office in Moscow. This new wing of the giant game-making corporation will serve as an outpost to provide region-specific support for Ubisoft’s games in the growing Russian market. It also plans to …

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AmazingHiring attracts $500,000 from Ukrainian fund SMRK and Russo-Austrian angel investor Igor Ryabenkiy

October 2, 2014

AmazingHiring, a Moscow-based service for finding IT professionals, has attracted $500,000 in a second seed round, with equal contributions brought in by SMRK, a Kiev-based venture fund, and Altair, the seed-stage fund backed by Russo-Austrian serial investor Igor Ryabenkiy. The startup is developing a search engine and browser plug-in for Chrome that recruiters can use to search …

AmazingHiring attracts $500,000 from Ukrainian fund SMRK and Russo-Austrian angel investor Igor Ryabenkiy Read More

Russian Internet users are most often females, young, and live in western Russia

October 2, 2014

Among the adult Russian Internet population the prevailing groups are women, individuals younger than 35 years of age and inhabitants of western federal districts of Russia. Over one-third of Russian Internet users have vocational education – according to analysis made by international Internet data provider Gemius in July 2014. Research shows that every fourth member …

Russian Internet users are most often females, young, and live in western Russia Read More

Putin says he’s “not even considering” curbing Internet access

October 1, 2014

President Vladimir Putin said on Wednesday he would not restrict Internet access for Russians but Moscow must protect state domains against a surge of cyber attacks since the Ukraine crisis began. His remarks were intended to douse speculation that he plans a crackdown on use of the Internet, which he has called a “CIA project” used to organise …

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Telecom regulator Roskomnadzor wants Google, Facebook and Twitter to register

October 1, 2014

The Russian Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor) has informed Facebook, Gmail and Twitter that they must register in Russia as “organizers of distribution of information,” according to Russian legislation. “We informed them and one way or another we will force them to follow the law,” …

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Nintendo starts selling games as digital download codes through Yandex.Money

October 1, 2014

Moscow – Two years after Nintendo eShop opened for Russian users, Nintendo made an additional step today by launching the digital distribution of its games through Yandex.Money. Starting today users from Russia and the CIS have the possibility to buy games for Nintendo 3DS and Wii U on Nintendo’s dedicated games section on Yandex.Money as digital …

Nintendo starts selling games as digital download codes through Yandex.Money Read More

Russia wants its own Booking.com

September 30, 2014

Russia could create a national online hotel booking platform, RIA Novosti and CNews.ru reported last week, citing Culture Minister Vladimir Medinsky. “There are plans to create [such a] system. Now we are looking very actively for business partners who can create a Russian analog to Tripadvisor or Booking.com,” Medinsky said at a Public Chamber session in …

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