Russian participants are welcome to the first annual Online Retail Conference, which will look over the horizon to predict what online retailers should be thinking about and aiming to achieve next. This major industry event is all about new thinking, new techniques, new design, new ideas and new services. The conference will be held on …
Last week ID Quantique (IDQ), a Geneva-based company that develops commercial encryption technologies based on the principles of quantum physics, raised $5.6 million in funding from Quantum Wave Capital (QWave Capital), a Moscow-based venture fund operating internationally. QWave Capital gained a significant but minority stake in IDQ thanks to the funding, $4.5 million of which was …
QWave Capital invests $5.6 million in Switzerland’s ID Quantique Read More
In partnership with comScore, Ernst and Young and The Next Web, East-West Digital News is releasing a 100-page study on the Russian online video market, a fast-growing segment that deserves renewed attention. A variety of factors is set to drive strong further growth, from the new anti-piracy legislation – which is likely to increase content …
International study sheds full light on Russia’s online video market Read More
Tele2 Russia, a former subsidiary of the Swedish telco Tele2 which was acquired earlier this year by Russian bank VTB, has issued a virtual international payment card for online shopping in partnership with MasterCard. Connected to a Tele2 subscriber’s mobile account, the new payment instrument, named “Tele2 MasterCard virtual card,” lets online shoppers spend up …
Tele2 Russia teams up with MasterCard to issue virtual international payment card Read More
Nginx, an open source web server publisher (pronounced “engine-x”), secured $10 million in a Series B Round of financing from New Enterprise Associates (NEA). The round also included full participation of existing Series A investors, Moscow-based early stage venture fund Runa Capital, US fund MDS Capital and US-German fund e.ventures, as well as participation from Aaron Levie, CEO …
Russian-American web server publisher Nginx raises $10 million from US fund NEA Read More
Open Retail, a subsidiary of marketing communications agency Open Group, has raised about $2 million from Prostor Capital to develop Smart Checkout, a hardware and software system that identifies customer preferences during checkout and produces a targeted advertising message via coupon. The company claims that its technology currently has no direct competitors on the Russian …
Prostor Capital invests $2 million in retail marketing solution Smart Checkout Read More
The Bank of Russia has fined the Mail.ru Group 500,000 rubles (approximately $15,000) for refusing to provide data on users’ personal messages. A leading, LSE-listed Russian Internet company, the Mail.ru Group controls the country’s leading webmail service with one of every two mail boxes in Russia. In August 2013, the Federal Service for Financial Markets …
Mail.ru Group fined for refusing to divulge private correspondence Read More
Yandex, Russia’s leading search engine and major Internet group, announced yesterday that it acquired KinoPoisk (in Russian: “Cinema Search”), the largest Russian language portal on movies, TV programs and celebrities. This site’s database contains 100 million movie descriptions and ratings with associated trailers, user commentaries and advertising. Each month, it attracts nearly 16 million unique …
Yandex acquires leading movie portal KinoPoisk from France’s AlloCine Read More
When he was sent to Moscow in late 2010 to launch Lamoda, 26-year-old Niels Tonsen had no experience of Russia but already numerous years of experience in Internet projects – including working for German incubator Rocket Internet and its projects Groupon International and Zalando. The goal – to build Russia’s online leader in the footwear …
LitRes, a leading online retailer of Russian language e-books, has raised $5 million from Russian Internet Technology Fund (RITF), a $50 million fund established earlier this year. The company’s valuation has not been disclosed, but the fund stated that it had received “a significant stake” in the company. With $7 million in sales in 2012, …
E-book distributor LitRes raises $5 million from Russian Internet Technology Fund Read More
In a move that illustrates the growing interest of international brands in the Russian Internet, social media analytics company Socialbakers announced that it will extend its coverage to Vkontake.ru (VK.com), Russia’s largest social network with over 50 million daily active users. Based in the Czech Republic, Socialbakers works with brands from 99 countries to help …
Socialbakers extends social media analytics coverage to Vkontakte Read More
Last week Maxfield Capital, a Moscow-based $100 million venture fund, and Altair, the investment vehicle of serial business angel Igor Ryabenkiy, announced a seed-stage investment in Qbaka, an award-winning startup developing a solution to track JavaScript errors on web services. The round amounted to $200,000, but may be completed with other investors, Qbaka’s co-founder Andrey …
