Internet

MoeDelo, PwC and RVC team up to launch online assistant for Russian startups

RVC, the state-owned fund of funds dedicated to innovation, and Moe Delo, a Russian online accounting startup, have launched One2start.ru, a web resource to help young entrepreneurs start, launch or grow their business. Based on an idea of Moe Delo’s co-founder Sergey Panov, One2start was designed with the assistance of PwC Russia’s Center for Technology …

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Russia is among the main sources of phishing – and also a main target

Kaspersky Lab, a Russian-based provider of global IT security with headquarters in the U.S., has released a study called “The evolution of phishing attacks: 2011- 2013,” which lists Russia among the countries from which such attacks are launched most frequently. According to the data obtained from some 50 million users through the Kaspersky Security Network …

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Family cloud platform Frolik nears completion after $1.5 million investment

MTT, a Russian telecom group owned by VTB and former telecommunication minister Leonid Reiman, has announced that it has invested 50 million rubles (about $1.5 million) in Frolik, a service for children and their parents, since project start in September 2012. “As for future investments, we will continue funding the project,  but we are open …

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Mail.Ru stops cooperation with Google, switches over fully to proprietary search engine

This past Monday, LSE-listed Russian Internet company Mail.Ru Group announced that all user queries on its Search Mail.Ru service will be handled by its proprietary search engine. Previously, more than half of the queries – mostly international ones – were serviced by Google. The actual development of the company’s search engine began as early as …

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RVC and Softline invest $1 million in social site builder BubbleGab

BubbleGab, a Russian startup developing a SaaS platform for building websites, has attracted $1 million in funding from RVC’s Seed Fund and Softline Venture Partners, the venture arm of the Softline Group. Founded in 2011, BubbleGab is working on a platform to allow users to create personal websites and social networks based on the information …

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Rocket Internet’s furniture online retailer Mebelrama.ru is shutting down

Russian furniture e-retailer Mebelrama.ru, which had been backed by Germany’s Rocket Internet, is shutting down, the company’s co-founder Manuela Stoll confirmed in an exchange with East-West Digital News. In late 2012, the startup landed a $10 million financing round from Rocket Internet, but at present the decision was made to shut the project down.

Dmitry Falkovich’s Phenomen Ventures leads Delivery Hero’s $30 million round of financing

Phenomen Ventures, a $300 million international venture fund launched last year by Russian businessman Dmitry Falkovich, has led a $30 million Series D financing round for Delivery Hero, a Berlin-based food delivery startup operating globally. Delivery Hero’s existing investors, which include Russia’s Kite Ventures, also participated in the round. “Delivery Hero is catching up quickly …

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Package tour reseller Travelata.ru secures $5 million investment from Poland’s MCI

Moscow-based startup Travelata.ru has just raised $5 million in a Series A round from Polish private equity fund MCI Management. The capital injection went through Invia.cz, one of MCI’s portfolio companies, which sells package tours online in the Czech Republic and four other Eastern and Central European countries. The funding will be used to further …

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Moscow startup FoodRock Menus launches SaaS platform for restaurant industry

FoodRock Menus, a B2B2C startup founded in Moscow by a British expat with a Russian partner, has just launched its first products, testing the waters of the SaaS market for Russia’s restaurant industry. Offered under a freemium model, the company’s “Live Menus” software enables restaurants to manage their online menus from a single place and …

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New anti-piracy law for video content shocks the industry

Last week the Russian parliament passed a new law against movie piracy on the Internet, which will take effect on August 1, 2013 if signed by the President. The new regulation allows copyright holders to file lawsuits against websites violating their intellectual property. The court will issue a warrant to block the website if the violating …

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