Internet

Yuri Milner takes part in Prismatic’s $15 million Series A funding

December 6, 2012

Yuri Milner, co-founder of the prominent Russian Internet fund DST Global, is among the investors in Prismatic, a San-Francisco based startup that attacks the difficult task of creating personalized news feeds based on users’ interests. Also participating in the Series A funding, which amounts to $15 million, are Jim Breyer and his fund Accel Partners, …

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Tinkoff brings RTB technology to Russian internet advertising market

December 5, 2012

Moscow – Tinkoff Digital, а Russian developer of innovative technologies for the internet and mobile advertising markets, has launched its first real-time bidding (RTB) platform, DataMind, and signed its first agreements with leading providers of advertising impressions for RTB, including Google Inc. Russian online film service Yota.Play has become the first advertiser to adopt Data Mind.

KupiKupon launches discount search engine

December 4, 2012

KupiKupon, one of Russia’s leading daily deal sites, is launching ‘KupiKupon Poisk,’ a web interface that displays discounts, bonuses and other special offers that have been made available by third parties in a dozen Russian cities. As much as $3 million has already been invested in the project, the company’s General Manager Komil Ruzaev revealed …

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Retailers downsize offline outlets for online sales

December 4, 2012

Eldorado, a leading home appliance and consumer electronics retailer, is planning to open up to 200 small outlets next year for electronic ordering and delivery. As the company’s press service explained to Russian business daily Kommersant, these outlets of less than 100 sq. m. will be deployed in locations not suited for standard hypermarkets – …

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German auction site secures $2.5 million from Russia’s Bright Capital

December 3, 2012

Bright Capital Digital has injected $2.5 million into Auctionata, a German online auction site specializing in antiquarian items. The news was reported by Russian business daily Kommersant, based on an exchange last week with Bright Capital Investment Director Vadim Tarasov. Established in 2011, Auctionata claims to feature “the first live auction in the history of …

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Evernote raises $85 million with “no exit strategy”

December 1, 2012

Evernote, a California-headquatered company founded by a Russian-American team in 2007, has just completed a $85 million round, CEO Phil Libin announced on his blog yesterday. The round was led by London-based AGC Equity Partners/m8 Capital with participation from Valiant Capital Partners and existing investors. Seventy five percent of this money comes in the form of …

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Eighteen Russian and Western business angels invest $700,000 in innovative online printing technology

November 28, 2012

Printio.ru, a Moscow-based startup offering personalized printing services, has just raised $700,000 from a total of 18 Russian and Western business angels. The terms of the deal have not been disclosed, but Printio’s co-founder Aleksandr Shamis told East-West Digital News that the founders got a “good valuation” and have kept a controlling stake. Launched officially …

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MobiDengi and MasterCard make virtual payment card available to Russian mobile subscribers

November 21, 2012

MobiDengi, a major Russian electronic payment service provider, has teamed up with MasterCard to launch ‘MasterCard*Card2Day,’ a pre-paid virtual card that enables online purchases worldwide. The card is available to any subscriber of Russia’s three main mobile operators: Beeline (a brand of Vimpelcom), Megafon, and MTS. A convenient feature of the MasterCard*Card2Day card is that …

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Russian video sharing startup ClipClock secures $2.5 million from Runa Capital.

November 8, 2012

ClipClock, a Russian video sharing startup,  announced yesterday a $2.5 million funding by Runa Capital, a Moscow-based venture fund operating internationally. The investment will be used to develop advanced functionalities, increase the startup’s user base, and prepare global expansion.

CTC Media and National Media Group create joint online video resource

November 7, 2012

Russia’s CTC Media and National Media Group have announced the creation of a joint online video resource on the base of the Videomore portal, which was launched by CTC Media in December 2010. Under the terms of the deal, a significant amount of Ren TV and Channel 5 content, including both new releases and library …

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Germany’s Delivery Hero and Russia’s Foodik announce merger

November 6, 2012

Last week, Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, and Foodik.ru, announced a merger agreement aiming to “compete for leadership on the Russian market” and “access new international growth opportunities.” The merged company will operate under the Foodik brand, allowing Delivero.ru customers to access Russian restaurants through Foodik’s …

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Mail.ru Group improves user and marketing tools; new international brand introduced

November 5, 2012

In a press conference held last week, Mail.ru Group, an LSE-listed group of Internet companies whose services are used by 90% of Russia’s online users, announced a series of changes and innovations that ranged from improved usability on e-commerce sites to new social marketing tools. The group also announced the introduction of a new international …

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