Internet

Russian educational network Dnevnik.ru joins EdTech Top 20

Dnevnik.ru, Russia’s first social educational network, was included last week in EdTech Europe’s list of the most influential European companies in the sphere of e-learning and educational technology. The criteria for selection included compliance with key trends in the sphere of e-learning (SaaS, MOOC, adaptive learning, gaming), scalability of a project’s technology and the influence …

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$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years

Ostrovok.ru, a major Russian hotel booking service, announced last week that it has raised $12 million in a round led by Vaizra Capital, a fund which belongs to Vkontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. A number of the startup’s existing investors also took part in the round. The transaction, the details of which have …

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Russia’s top 30 online retailers revealed

This year, East-West Digital News has teamed up with Data Insight and Enter Vision, two leading Russian e-commerce data providers, to provide Russia’s first reliable ranking of e-commerce companies. The information is based on companies’ official data and – whenever company data was not disclosed or judged inaccurate – the combined expert assessments of Data …

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Local search service Yell.ru secures $11 million from Swedish funds to measure itself against Yandex

Last week, Russian online local-search service Yell.ru announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik. In addition to providing a search engine, Yell.ru offers user reviews about local companies and services. “More than a third of all online Russians will use …

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Rocket Internet’s Foodpanda acquires Russian startup Delivery Club

Rocket Internet’s online food delivery platform Foodpanda, together with its affiliated brand Hellofood, announced yesterday that it has taken over Russia’s food delivery business Delivery Club. The size of the transaction has not been disclosed, but an insider told Russian business daily Vedomosti that it stood at around $50 million.

Top university teams up with Otto Group for e-commerce education

Top Russian university Higher School of Economics (HSE) has teamed up with eSolutions, an e-commerce service provider launched by the Otto Group, in an ambitious academic and professional partnership. While eSolutions specialists will participate in some of the university’s educational programs, the students will offer marketing research for the German company and benefit from internship …

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Yandex launches guide to urban businesses and organizations

Yandex (NASDAQ: YNDX) is launching a service for search and selection of companies and organisations in Russia’s cities. Called Yandex.City, it helps users choose restaurants, beauty salons and a wide range of other businesses whose services they might need. The service, currently available only in Russian, is accessible on city.yandex.ru, as well as on applications for …

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Yandex to acquire classifieds site Auto.ru

Yesterday Yandex, the NASDAQ-listed Russian search giant, announced its plans to acquire Auto.ru, one of the leading online auto classifieds sites in Russia, for approximately $175 million in cash. The transaction, which remains subject to certain pre-closing conditions, is expected to be completed in Q3 2014. Yandex will purchase 100% of Auto.ru’s issued shares.

Putin – The Internet is worth 8.5% of GDP

Internet business in Russia is a profitable enterprise worth 8.5% of GDP, according to Vladimir Putin. Russia’s president was speaking last week at the “Internet Business in Russia” forum, which was attended by top figures from Russia’s leading internet companies, including Yandex’s Arkady Volozh, Mail.ru’s Dmitry Grishin, Ozon’s Maëlle Gavet and Live Internet’s German Klimenko. Putin added …

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TMT Investments injects $200,000 into US startup Whale Path

Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $200,000 investment in Whale Path, a Sunnyvale, California-based startup that offers an on-demand business research platform for companies. Whale Path says it typically delivers fully customized reports to its clients three times faster and at half the price compared to traditional business research …

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Pavel Durov’s Telegram wins “Fastest Rising Startup” award at The Europas

Telegram, an instant messaging startup launched less than one year ago by Pavel Durov, was honored earlier this week in Berlin at the finale of The Europas, a contest for technology startups that attracted companies from all over the world. Built in St Petersburg, the startup is now based “on a plane,” Pavel Durov says. The app has exploded onto …

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Interactive app for children KidBook raises $300,000

KidBook, a startup with an interactive library of educational and training multimedia books for children, has raised 10 million rubles (approximately $300,000) in its first round of funding. The funds, which have been provided by a group of individual investors led by serial entrepreneur Vladimir Kanin, will be used to prepare new content, develop an …

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