101StartUp, a Russian Internet fund launched recently, has invested $1.2 million in Fishki.net, a user-generated comedic content website, in exchange for a 25% stake. The news was reported last week by Venture-News.ru based on an interview with Mikhail Gurevich, one of the fund’s managers and an existing Fishki shareholder. The site will use investor money to …
Modnique, a global fashion e-commerce company headquartered in Southern California, announced today the inauguration of a Russian site, which is the company’s first localized e-retail outlet. Modnique.com/ru includes regional style preferences, full Russian language capabilities and local payment methods, enabling its Russian consumers to shop for globally sourced brands in the same way as English-speaking shoppers. …
Global online retailer Modnique launches its first localized site in Russian Read More
Altair, the venture fund of serial business angel Igor Ryabenkiy, has invested an undisclosed amount in Alytics, a startup developing contextual ad solutions to optimize conversion rates. The investment comes a mere eight months after Ryabenkiy co-invested with the Moscow Seed Fund in the startup at the seed stage. The initial funding has been used …
VKontakte.ru, Russia’s leading social network also known as VK.com, has recently won two cases brought against them for infringing the copyright of certain songs featured on their website. Experts are struggling to agree on whether or not the social network will be invulnerable to such claims in the future. Nikitin Digital Media Content lost a lawsuit …
Rosalkogol, a government agency that oversees the sale of alcohol in Russia, is seeking permission to be able to blacklist Internet sites that sell alcoholic beverages online, which is in violation of current Russian legislation. If the Russian Cabinet approves the move, the regulator will have the power to engage Roskomnadzor, another federal agency that keeps …
Earlier this month, the Moscow-based management company Flint Management launched a venture fund dedicating to developing e-commerce in Ukraine. This move comes just weeks after the company announced the creation of Flint Capital, a $35 million fund with a large high tech investment focus in Russia and Ukraine. Christened ‘Bull Ventures,’ the new fund has …
New fund to turn Ukraine’s e-commerce potential into scalable reality Read More
After more than 15 years in the market, Bertelsmann subsidiary Arvato Russia has asserted itself as one of the main fulfillment providers in Russia, both for traditional distance selling and for e-commerce operations. In this exclusive interview, CEO Michael Poetschke talks about the opportunities and the difficulties of the Russian market with equal frankness. He also comments on the latest trends in …
Arvato Russia CEO Michael Poetschke: “For fulfillment, Russia is not China” Read More
Yandex’s mapping service Yandex.Maps has seen a major revamp. Russia’s most popular mapping service now runs on a unified platform, which allows the company to support and update unlimited amounts of data without relying on external sources. In addition, Yandex.Maps now features detailed maps supporting the route planning feature for the majority of large cities …
Russian fund Addventure announced last week a Series A investment of $1.5 million in в Medbooking.com, an online service for setting appointments with Moscow medical organizations. Medbooking is intended to become an umbrella brand for appointments with all categories of physicians, dentists and cosmetologists. It will work in synergy with Timetovisit.ru, a service launched a …
AddVenture injects $1.5 million into Medbooking.ru Read More
Telegram, a recently launched instant messenger, offers users encryption protection too sophisticated even for security agencies to overcome, the Russian business daily Vedomosti quoted Pavel Durov, a prominent Russian businessman, as saying. The founder and CEO of VKontakte, Russia’s number one social network, Durov is also the mastermind behind the Telegram project, which came online …
New instant messenger Telegram protected even from spy intrusions – Pavel Durov Read More
Runa Capital, a $135 million venture fund with offices in Moscow and California, has just announced an investment in Wallarm, a startup with Russian origins that develops solutions to protect online businesses from application-level attacks by hackers. The exact amount of the capital injection has not been disclosed. Runa’s PR Director Liliana Pertenava only said to …
Runa Capital invests in IT security startup Wallarm Read More
At a meeting yesterday with young innovators, the head of government was asked whether technological solutions or social activity most change the world. Medvedev responded that both are changing the world equally. “Even ten years ago no one expected, and this is obvious, that social networks would have such an influence on political developments. At …
Prime Minister Medvedev: No one expected such an influence of social networks on politics Read More
