International investor Black Ocean has put $500,000 into the Russian educational e-commerce site BimBasket, Rusbase.com reported last week. Scheduled for launch next month, the site will enable parents to subscribe to a recurring product offer – from toys to books to musical instruments – designed to instruct and entertain their infants and young children. The …
Black Ocean invests $500,000 in educational e-commerce Read More
Car-Fin, a Russian startup developing innovative solutions for online car brokers, announced last week that it secured $400,000 in funding from investment fund Prostor Capital and the Moscow Seed Fund, the venture investment vehicle of the Moscow city authorities. The startup is a graduate of GTI Labs, the business accelerator launched last year by investment consulting …
Online car credit solutions startup secures $400,000 VC investment Read More
Two western real estate professionals, Stephen Inscoe and Carlo Walther, told East-West Digital News that they have launched an innovative real estate listing site christened ‘Idinaidi.ru’ (“Go and find” in Russian). They have received financial support from international investment firms Sorren Media and Camco Private Equity Group. After running in beta testing since mid-December, the …
New real estate listing site maps properties in 38 Russian cities Read More
Yandex has announced that it will hand over its ‘Narod’ website hosting activities as early as next month to uCoz, a leading Russian website builder and hoster operating internationally. The terms of the deal have not been disclosed. “Sometimes we discontinue services in part or in full – as is happening now with ‘Narod’ – …
Yandex to transfer website hosting service to uCoz Read More
Prostor Capital is considering selling its majority stake in Dulton Media or “associating it with a strategic partner” to further develop it, the fund’s Managing Director Alexey Solovyov said in an exchange with East-West Digital News. A Moscow-based startup specializing in online video solutions, Dulton is developing such projects as YaTV, a video broadcasting and …
Prostor Capital seeks new investor for online video solution provider Dulton Media Read More
Moscow – Tinkoff Digital, а Russian developer of innovative internet and mobile advertising technologies, has signed an agreement with Yandex, Russia’s leading internet company, to buy online advertising inventory for its Data Mind real-time bidding (RTB) platform. Anna Znamenskaya, CEO of Tinkoff Digital, said: “This deal is a landmark for Tinkoff Digital, and underscores the …
Tinkoff Digital signs agreement with Yandex for Data Mind Read More
Rocket Internet’s online food delivery platform Foodpanda is expanding to twelve new countries, bringing the total markets the company is in to 23. New managing director Ralf Wenzel is heading the global roll-out. The platform is moving fast on its global roll-out. Over the past few weeks, it launched in Brazil, Chile, Ghana, Hungary, Ivory Coast, …
Rocket Internet’s Foodpanda launches in Russia and 11 other new countries Read More
Internet advertising remained the fastest growing advertising segment in Russia in 2012, the Russian Association of Communication Agencies (AKAR) announced earlier this week. This was despite the fact that internet advertising’s annual growth rate fell from 56% in 2011 to 35% in 2012. The total volume of internet advertising reached 56.3 billion rubles in 2012 …
Online advertising maintained fast growth, neared $2 billion in 2012 Read More
Just weeks after its launch on Jan. 10, an educational app named Znanija has broken into the top-100 downloaded free iOS apps in Russia and become third most popular in the nation’s educational category, according to the App Annie app ranking and intelligence company. The mobile app allows Russian users to access the Znanija.com social educational network, which boasts over …
Yandex, Russia’s leading search engine, has moved up in the worldwide search engine rankings to reach fourth place, according to the most recent data from comScore qSearch. Google retains a comfortable lead for the top spot, with more than 62% of the market, followed by China’s Baidu with 8.2%, Yahoo with 4.9%, Yandex with 2.8%, …
Yandex tops Microsoft’s Bing; becomes world’s 4th most popular search engine Read More
Gov2People was launched in February 2011 as the brainchild of Alyona Popova, a Russian public activist and expert on e-government and startup businesses. A wave of protests in the winter of 2011 and the spring of 2012 has pushed many people (not all of which are necessarily opposition-minded) to take action. Citizens have realized that …
Russian startup provides springboard for civic activism Read More
The Pirate Party of Russia, a socio-political group campaigning for “commerce-free exchange of information on the Internet,” is launching a specialized web hosting service, Piratehost.net, just three weeks after the Russian Ministry of Justice refused to register it officially for bureaucratic reasons. In his blog, Party vice chairman Stanislav Shakirov called his group’s initiative an …
