Even as the market was still responding to the shock of Lamoda.ru’s enormous round of financing, Ozon Holdings’ CEO Maëlle Gavet said during an interview yesterday with The Next Web, in partnership with East-West Digital News, that her company aims to control directly or indirectly 80% of the Russian online retail market within ten years. …
There were slightly over one million LTE subscribers in Russia as of April 2013, Artyom Kuznetsov, a spokesman for Sweden’s Ericsson, told the Russian news agency RIA Novosti last week. Earlier this year, the consultancy firm J’son & Partners estimated the number of LTE subscribers in Russia to have been “around 500,000 to 750,000” at …
Lamoda.ru, one of Russia’s four leading online fashion retailers, has just secured $130 million from Access Industries, Summit Partners and Tengelmann. The transaction marks the most significant investment volume in the history of Russian e-commerce, topping a $100 million funding deal completed in September 2011 for Ozon.ru. Lamoda offers more than 1,000,000 products and 800 international brands. It …
Moscow-based social startup Flocktory announced last week that it has landed a $1.5 million Series A funding round from Digital Ventures, a new Russian venture fund, which has obtained a minority stake in the company. The main product that Flocktory is working on is a SaaS platform, which allows e-commerce companies to target the most …
Russian social marketing startup Flocktory raises $1.5 million from new Russian tech fund Read More
The international digital communications group Aegis Media has entered the Russian market with its online ad buying system based on the real-time bidding (RTB) technology. The group expects to become one of the leading providers in this segment of online ad sales, business daily Vedomosti.ru reported last week. In the RTB model, an automated auction …
International group Aegis Media positions itself on the nascent Russian RTB ad market Read More
Late last month, MassChallenge, a nonprofit organization that runs a $1 million annual global startup competition, hand-picked 128 first-round winners to join its 2013 Accelerator Program. RVC-USA, the Boston-based representative office of Russian government-owned RVC and a two-time platinum sponsor of the MassChallenge competition, announced last week that four Russian startups had made it to …
Four Russian tech startups join MassChallenge’s best and brightest Read More
Kaspersky Lab, a Russian IT security solution developer operating internationally, has released a report showing that 59.6% of the websites visited by Russian children are social networking sites, which is the highest percentage in the world. According to the data obtained from Kaspersky Lab’s “Parental Control” module, the second place in this rating goes to e-commerce websites, …
Russian children attracted by social networking, online shopping and pornography Read More
Yandex (NASDAQ:YNDX), Russia’s largest search engine, has announced significant changes to its Search Engine Results Pages (SERP) with the launch of interactive snippets called ‘Islands’. Islands has been designed to provide a new level of user experience, responding to web searches with solutions rather than just information. As such, it will speed up the link …
Yandex redesigns search result page with launch of interactive snippets Read More
Sergey Rumyantsev, CEO of Enter.ru, told the audience at the Global E-Commerce Summit in Barcelona yesterday, that while the Top 30 of Russian e-commerce operators generate 50% of the total online turnover, the rest is generated by over 30,000 e-commerce players. Those smaller companies, which are often not reliable nor complying with the law, appear and disappear …
Hundreds of e-commerce players appear and disappear every month Read More
Russian Internet group WebMediaGroup has attracted $10 million for its video portal Zoomby.ru, an aggregator of broadcast quality video content developed in partnership with a state-owned Russian TV channel. The round was carried out by the Leader-Innovations – a 3 billion ruble venture fund launched in 2008 with the participation of the state-owned fund of funds RVC, – Gazprombank, one …
Video portal Zoomby.ru secures $10 million in funding Read More
The Court of Arbitration for Russia’s Northwest Federal District last week let stand all prior court decisions obligating VKontakte.ru (VK.com), Russia’s number one social network, to pay Gala Records, the first private record label in Russia, a total of 550,000 rubles (about $17,700) in damages for illicit displays of 11 tracks by MakSim, a Russian …
Court upholds Gala Records damage claims against VKontakte over Russian pop singer tracks Read More
Russian IT security solutions developer Kaspersky Lab plans to open a new US office in the Washington D.C. area to sell its products to the US government, Reuters reported earlier this month. One of the world’s biggest buyers of security software, the US government traditionally avoids purchasing Russian IT products out of fear that they …
Kaspersky Lab aims to “be more American than the Americans” Read More
