Internet

Bulgaria, Russia and Turkey most demanded flight directions among Yandex users

April 29, 2014

Earlier this month Yandex, the Russian search giant, released an update of its  Russian travel industry report with a focus on the flight tickets market. The report includes a wide range of topics including: Consumer interest and growth in the air ticket, hotel and packaged tour markets Overall interest and conversion growth in the flight ticket …

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Russian startup raises $300,000 to match artists, music lovers and labels

April 29, 2014

Moscow Seed Fund, the venture arm of the Moscow city authorities, and Altair Capital, the seed-stage fund of serial angel investor Igor Ryabenkiy, have invested $200,000 and $100,000, respectively, in Mix Upload company. This Russian startup is developing a portal to help listeners, musicians and labels find each other and to monetize creative product. The …

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Move over Yandex – State owned telecom to launch its own search engine

April 28, 2014

The Russian government is to get its own search engine. Rostelecom, the national telecom operator, is planning to launch the new service, called Sputnik, within a matter of weeks, the Russian business daily reported last week. Sputnik first came to the public’s attention in October of last year, when it became clear that Rostelecom was actively trying …

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Pavel Durov flees lawsuits, not politics, claims UCP

December 21, 2015

Last week, following Pavel Durov’s dismissal as CEO and exit from Russia – a country which he now judges “incompatible with Internet business,” – Vkontakte shareholder United Capital Partners (UCP) released a statement about these latest developments. The fund, which acquired a 48% stake in the social network one year ago, describes Durov’s move as “an attempt to present …

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How Putin crashed a Russian Internet stock

April 25, 2014

With a few ill-chosen remarks, Russian President Vladimir Putin has crashed the share price of his country’s largest Internet company, the Google-beating search engine company Yandex. At the time of this writing, Yandex NV, the Dutch-registered parent company of Russia’s search giant, was 16 percent down on Nasdaq. All Russian shares were doing badly because …

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Moscow Seed Fund injects $210,000 into educational game publisher Mersibo

April 23, 2014

Moscow Seed Fund, the venture arm of the Moscow city authorities, has invested 6 million rubles (approximately $210,000) in Mersibo, a developer of online educational games for children. The funds will be used to strengthen staff, develop mobile versions and create new games. The startup is also considering international expansion. It plans to release a …

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Vkontakte founder forced to resign after revealing anti-Maidan pressure from FSB

April 22, 2014

Pavel Durov is now out for good from Vkontakte (VK.com), Russia’s leading social network which he founded in 2007. His resignation was announced yesterday by the company’s press service in a statement published by the Russian news agency Interfax. “Judging by the news, I was fired today as the general director of VKontakte. Interestingly, the …

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Impulse VC invests in contextual advertising automation service eLama

April 16, 2014

Russian venture fund Impulse VC has announced an investment of $800,000 in exchange for a minority stake in the contextual advertising automation service eLama.ru, CNews.ru reported yesterday. eLama.ru, which allows ad placement on Yandex.Direct and Google Adwords, is appreciated for its flexibility and ease of use. The company claims to serve more than 1,500 advertisers …

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Yandex sells off Facebook shares

April 15, 2014

Russian seach giant Yandex has completed the sell-off of its Facebook shareholding. Commenting on Yandex’s Form 20-F annual report for foreign private issuers, the Russian business daily Vedomosti estimated that a 142,479 share package sold in two chunks over the past 12 months may have brought the Russian Internet company $8.1 million – a fairly …

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TechCrunch Moscow winner Dreamroomer attracts US investor

April 15, 2014

Dreamroomer, which won the Startup Battle at TechCrunch Moscow in December 2013, has raised investment from San Francisco fund 415x Inc. The project has created a service that aims to turn the property rental market on its head by helping landlords to find tenants, instead of vice versa. Property owners add their apartment to DreamRoomer’s …

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International event to highlight Russia’s latest e-commerce trends and solutions

April 14, 2014

East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The conference will be held in Moscow on June 6, with InternetRetailer.com, the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and partners. A bevy of CEOs and top …

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