Internet

Viber opens representative office in Russia

Viber, the expanding international instant messenging and voice call app, will soon open a representative office in Russia, Russian business daily Vedomosti learned from the company’s co-founder and CTO Igor Magazinnik. The small office will be in charge of service localization and local partnerships. Former Diageo and Red Bull CMO Evgenyi Roshchupkin has been appointed …

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Russian cross-border e-commerce platform Shopfans.ru to bypass new customs rules via Kazakhstan

Earlier this week Shopfans.ru, a Russia-focused mail-forwarder and marketplace for US retailers, informed its consumers about a new delivery option to Russia through Kazakhstan, Russian newspaper RBK Daily reported. With both countries members of a customs union, this transit service allows buyers to circumvent the 150-euro tax-free limit  on purchases from foreign retailers, which the …

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Imperious Group invests $530,000 in Russian-American edutech startup Coursmos

Russo-American startup Coursmos, a developer of short online courses, has raised $530,000 from Russian venture fund Imperious Group and business angel Evgeniy Medvednikov. The funds will be used to develop the platform and to add more staff. Coursmos is also planning to develop new features for the site including a system to recommend courses to users depending …

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Russian entrepreneur Andrey Andreev to revive dating site Hot or Not in the US

Andrey Andreev, the Russian entrepreneur responsible for creating popular social apps such as Badoo, is reviving the dating site Hot or Not in the United States. Andreev has been trying for several years to enter the U.S. market’s complex and oversaturated online dating industry with the help of his social network Badoo, which has proven …

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Ozon CEO Maëlle Gavet to Harvard Business Review: How to build an e-commerce giant in a cash-only economy

Russia’s economy is cash based, and its delivery networks are shaky. To drive growth in e-commerce, Ozon had to create a proprietary distribution system, a new logistics and customer service model, and a highly engaged team. At first I didn’t want to have anything to do with Ozon. I was coming up for partnership at …

Ozon CEO Maëlle Gavet to Harvard Business Review: How to build an e-commerce giant in a cash-only economy Read More

Ulmart enters the travel market

Perhaps inspired by the success of Ozon Travel, Ulmart, Russia’s leading online retailer, has officially announced its entry into a new field of activity: Ulmart Travel. According to online publication Oborot.ru, Ulmart is starting out with the standard selection of offerings: search, reservation and purchase of airline tickets. It plans to broaden its scope of …

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Naspers acquired stake in Russian kids goods online store Esky.ru

This past February the South-African media group Naspers acquired a 30.7% stake in eSky.ru, a Russian online retailer of children’s goods. The transaction, which amounted to 200 million South African rands (approximately $20 million), has just been made public in the group’s latest financial report. Esky.ru operates in one of the most dynamic areas of Russia’s e-commerce market. …

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TMT Investments injects $250,000 into ‘Internet of everything’ startup Weaved

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in Palo-Alto headquartered Weaved in exchange for a 2.69% stake in the company’s capital. Weaved’s mission is “to become the ‘DNS’ for the Internet of Everything”. To that end, it is developing software and services that allow devices to be securely connected via …

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LinguaLeo launches in Turkey and appoints US industry veteran as CEO

LinguaLeo, a personal online service that helps people master foreign languages, has launched its service in Turkey with a localized web-version and a mobile app. This is the second market after Brazil in which the Russian startup has launched its service. “Within the framework of our plans for global expansion we chose Turkey for a variety …

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