Internet

Anywayanyday seeks to raise $40 million ahead of possible IPO

September 26, 2012

Anywayanyday.com, a popular Russian online retailer of air tickets, has mandated Merrill Lynch to secure a $40 million round of financing, the Russian business daily Kommersant reported yesterday, citing unnamed sources. The new round of financing will allow Anywayanyday to accelerate its development, particularly in foreign markets. The site, which offers an interface in English …

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E-commerce SaaS solution developer secures $600,000 from Leta Capital

September 24, 2012

Leta Capital announced last week it has invested $600,000 in Redhelper, a provider of SaaS solutions for online customer service and behavioral data analysis for e-commerce sites. The transaction valued the company at “more than $2 million,” Leta announced. The startup was founded just one year ago by three classmates from the technical deparment of …

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Singapore-funded Russian startup turns Twitter accounts into stock exchange value

September 21, 2012

This week, the Russian startup scene has witnessed the launch of a new concept that could potentially target half a billion users around the world: Twistock.com, a site that transforms Twitter social influence into virtual stock value and ultimately material value. Upon registration, Twistock users receive a certain amount of virtual money, or starting capital, …

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Online retailer found guilty of trademark infringement in ‘gray import’ scheme

September 20, 2012

Last month, the Russian Supreme Court of Arbitration issued a ruling that dashed any hopes the Bestwatch.ru online retailer had for a favorable settlement with Longines Watch, a renowned Swiss watchmaker. Following the withholding of its petition to suspend an earlier legal resolution, the Russian online store will have to pay 3 million rubles, or …

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Russia’s intelligence service seeks to influence social media

September 18, 2012

In the first two months of this year, the Russian Foreign Intelligence Service (SVR) commissioned three closed tenders worth more than 30 million rubles, approximately $1 million, in total, with the aim of  creating systems for “mass distribution of information messages through social networks with the purpose of forming public opinion.” One of the systems, …

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Zoom Capital invests $30 million in e-commerce leader Vseinstrumenti.ru

September 17, 2012

The recent series of large scale investment in Russian e-commerce sites continues with Zoom Capital’s $30 million investment in Vseinstrumenti.ru, a website offering tools and appliances for use in homes and gardens as well as workshops and construction sites. Vseinstrumenti.ru (“All instruments” or “all tools” in Russian) is one of those Russian online retailers that are …

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Lokata.ru secures new funding from E.Ventures and Bonial

September 17, 2012

Last week, Lokata.ru, a startup driving Internet and mobile users to offline stores, completed a new round of financing from German-American venture fund E.Ventures (formerly known as E-Ventures Capital Partners) and Bonial International Group, a German company which has developed similar projects in several European countries. The terms of the deal have not been disclosed. …

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Californian online air ticket discounter secures financing from Russian, Ukrainian and US investors

September 15, 2012

GetGoing.com, a San Francisco-based startup that offers a new approach to booking discounted air tickets, announced earlier this week that it has completed its second round of financing from prominent individual investors and funds. Neither the amount of the round nor the company’s valuation were disclosed. The investors include Yury Milner and his international fund …

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Oleg Ryazhenov-Siems of Svyaznoy: “The young generation will make a massive switch to e-commerce. Golden years are ahead.”

September 14, 2012

Oleg Ryazhenov-Siems has led the ambitious online strategy of Svyaznoy, the second largest Russian consumer electronics retailer, since 2009. Recognized as one of the best Russian e-commerce professionals, he has just been appointed as Svyaznoy’s Director of Strategic Marketing and Advertising. While offering insights on how the retailer has successfully developed online activities all across …

Oleg Ryazhenov-Siems of Svyaznoy: “The young generation will make a massive switch to e-commerce. Golden years are ahead.” Read More

Yandex to launch its own browser as ‘browser war’ rages in Russia

April 19, 2021

Yandex, the NASDAQ-listed Russian Internet search giant, intends to lauch its own browser later this year or in early 2013, the Russian business daily Vedomosti learned yesterday from industry sources. In addition to the standard web version, the Yandex browser would be made available for mobile devices under iOS and Android operating systems. The browser …

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Online video service Ivi.ru secures $40 million from leading Russian and Western investors

September 11, 2012

Yesterday, just days after witnessing the financing rounds of online shoe retailer Lamoda.ru and travel site Onetwotrip.com, the Russian Internet scene saw another giant funding operation with Ivi.ru, a major video streaming service. Ivi.ru raised no less than $40 million from private equity firm Baring Vostok Capital Partners, a shareholder of Yandex and Ozon.ru, along with existing investors …

Online video service Ivi.ru secures $40 million from leading Russian and Western investors Read More

Russia’s AlterGeo among White Bull finalists

September 10, 2012

Last week, AlterGeo came as the only startup from Russia and neighboring countries to be selected among the 30 finalists of the White Bull European innovation championship. “The applicants were incredibly strong this year. We’ve carefully selected this year’s finalists based on business proposition, market strategy, technological solutions and understanding of customer needs,” said White Bull …

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