The Ukrainian authorities may block Russian web resources which they believe to be responsible for propaganda, as well as those linked to the Donbass insurgency. “At the moment we are working at both the legal and technical level in order to follow the examples of Israel, America and China, closing down sites which pose a …
Russian music-streaming platform Zvooq yesterday announced it secured an investment of $20 million in a Series A round led by Ulmart, Russia’s leading online retailer, with the participation of Essedel Capital, a Helsinki-based private equity fund. The funds will be used to bolster and promote Zvooq’s freemium music-streaming offer. Zvooq will also “initiate roll-out of the …
Earlier this month TimePad, a Moscow startup that offers e-ticketing services and other online tools for event organizers, secured an investment from Target Ventures. Since the acquisition of an initial stake earlier this year, the fund has injected $1 million in total into the startup. Founded in 2008 with the help of HSE Inc., the …
Online event solution startup TimePad secures investment from Target Ventures Read More
The past few months have seen several significant moves on the booming China-to-Russia cross-border e-commerce scene. This important market represents roughly one half of international e-retailers’ total sales to Russia, or up to $1.5 billion last year, according to a study by East-West Digital News, but still suffers from product quality and delivery time issues. …
Chinese giants make their move into Russia’s booming cross-border e-commerce scene Read More
Yandex Money and Simtech have launched Merchium, a cloud service which will enable anyone to create their own online store. The service, which uses the e-commerce software CS-Cart, will provide users with all the necessary features of any online store, such as a catalogue and shopping basket. The companies have stated that the creation and hosting …
Yandex Money launches new service for creating online stores Read More
Mikhail Petrov, former chief engineer for Vkontakte (VK.com), has written a post about what has been going on in Russia’s leading social network since the departure of its founder Pavel Durov. He stated that Russian intelligence agencies and cellular operators now have full access to users’ personal data. According to Petrov, however, it is not …
Run Capital, a $30 million fund launched this past spring by Qiwi executives, has announced its first investment in online excursion booking service WeAtlas. The $600,000 capital injection will be used for technological development and broadening the company’s network of partners. WeAtlas helps users to search for and book tour guides and excursions in various world cities. …
Run Capital invests $600,000 in excursion booking service WeAtlas Read More
A Russian crime ring has amassed the largest known collection of stolen Internet credentials, including 1.2 billion user name and password combinations and more than 500 million email addresses, security researchers say. The records, discovered by Hold Security, a firm in Milwaukee, include confidential material gathered from 420,000 websites, including household names, and small Internet …
Russian hackers amass over a billion Internet passwords Read More
Yandex has launched a new speech recognition cloud service called SpeechKit Cloud. It is designed for developers who want to make their products respond to human voices. The company says that integrating the Yandex technology is very simple. All you need to do is read a few pages of documentation and write a couple of lines …
In late July TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in San-Francisco-based fashion rental platform Le Tote. Le Tote provides women with unlimited access to garments and accessories for a fixed price of $49 per month. The platform defines its mission as “to become the leading fashion discovery platform where …
TMT Investments injects $250,000 in US fashion rental platform Le Tote Read More
The international final of the world’s largest student IT competition, the Imagine Cup 2014, has taken place in Seattle, organised by Microsoft. 125 students representing 34 teams from across the world battled for the prizes. The winners of the ‘Games’ category was the Russian team Brainy Studio, from Perm National Research Polytechnic University (PNRPU) with their project TurnOn. The Russian …
Russian team Brainy Studio victorious at 2014 Imagine Cup Read More
Coub.com, a Moscow-based startup launched in 2012, has just raised $2.5 million in a Series B round from Vaizra Capital, a fund which belongs to VKontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. The startup did not disclose its valuation, but its representative told the Russian business daily Vedomosti that Vaizra got a minority stake. Coub is …
