Internet

Air ticket booking site Onetwotrip secures $9 million from Phenomen Ventures

September 7, 2012

Onetwotrip.com, a rising star in the Russian online travel market, has just raised approximately $9 million from Phenomen Ventures, yielding a minority stake to the fund. The startup’s valuation has not been disclosed, but the Russian business daily Kommersant reported it might have been in the range of $70 million. Onetwotrip was launched in May …

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Russian print-on-demand startup teams up with Germany’s DigiFoto for European expansion

September 6, 2012

Moe Izdanie, a Russian print-on-demand startup that launched less than one year ago under the Albooka brand, has announced plans to expand to EU countries through a partnership with DigiFoto, a leading German photo service company. Albooka mixes social networking, online editing, and print-on-demand services. Users can layout and edit virtual books and photo albums …

Russian print-on-demand startup teams up with Germany’s DigiFoto for European expansion Read More

Mail.ru Group acquires Ukrainian webmail service

September 6, 2012

Earlier this week, Mail.ru Group, a leading Russian Internet group listed on the London Stock Exchange, announced  its acquisition of the Ukrainian webmail service ‘Mail.ua.’ Prior to the sale, the webmail service belonged to Internet Invest Group, Ukraine’s largest web hosting service provider. The price of the transaction was not disclosed, but Internetua.com, a Ukrainian …

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Social educational network Dnevnik.ru raises $5 million for international expansion

September 5, 2012

Runa Capital, a Moscow-based international venture fund, has invested $5 million in the educational startup at an undisclosed valuation. Dnevnik.ru was established in 2007 as a free, nationwide school network. The site currently serves 21,000 Russian and Ukrainian schools, attracting over 4 million pupils, parents, teachers, and school administrators – up 1 million in the …

Social educational network Dnevnik.ru raises $5 million for international expansion Read More

Lamoda receives giant funding from JP Morgan

September 4, 2012

Yesterday, Lamoda.ru, a major online fashion retailer, announced it has received an investment from J.P. Morgan Asset Management. Lamoda did not disclose the amount of this investment, nor its valuation. The capital injection amounted to somewhere between $40 million and $80 million, East-West Digital News learned from a source close to the company, making the …

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Aidar Kaliev of VTB Capital: “Succeeding in Russian e-commerce requires deep pockets and strong execution”

September 3, 2012

The investment arm of VTB Group, a leading Russian state-controlled financial group, VTB Capital has financed a number of Russian and foreign small and mid-sized IT companies. In the e-commerce and related fields, VTB Capital owns stakes in Mobidengi, a leading mobile payment service provider and Oktogo.ru, a major online hotel booking service, in addition …

Aidar Kaliev of VTB Capital: “Succeeding in Russian e-commerce requires deep pockets and strong execution” Read More

Social recruiting agency Pruffi.ru secures $1.2 million investment from Almaz Capital

September 3, 2012

Pruffi.ru, a headhunting agency that uses social networks to identify and hire professionals for the Russian Internet industry, has raised $1.2 million from Almaz Capital, a leading Russian venture fund. Almaz received a stake of “just under 30%,” Pruffi founder Alena Vladimirskaya told East-West Digital News. The funds will be used partly for international expansion, …

Social recruiting agency Pruffi.ru secures $1.2 million investment from Almaz Capital Read More

Self-service video platform Virool secures $400,000 from TMT Investments

August 31, 2012

TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced yesterday a $400,000 investment in Virool. The Russian-American startup is developing a self-service video platform enabling video creators to target audiences across a network of online publishers, blogs, social games and mobile applications. The startup also offers an application that makes it easy for publishers …

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Delivery Hero raises $49 million from Russian and Western funds

August 29, 2012

Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, announced yesterday it has secured a capital injection of $49 million from Kite Ventures, a Moscow-based venture fund operating internationally, and Kreos Capital, a leading European provider of growth debt and equity investment for high-growth companies. The round of funding has …

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Russian webmail services Mail.Ru and Yandex Pochta ranked 4th and 5th in Europe

August 22, 2012

A Comscore report on Internet usage in Europe released yesterday has ranked Mail.ru and Yandex Pochta respectively 4th and 5th web-based mail services in Europe. In June, the reports says, 276.5 million people in Europe accessed webmail services via their computer, equalling to a 69.5% reach among the Internet audience above 15 years of age. The …

Russian webmail services Mail.Ru and Yandex Pochta ranked 4th and 5th in Europe Read More

Gay and lesbian couples allowed to show same-sex family status on Russia’s leading social network

August 20, 2012

Users of Russia’s leading social network, Vkontakte.ru (also known as VK.com), can now list a person of the same sex as their partner under the rubric “family situation.” The move – a personal decision by site founder Pavel Durov – is particularly notable in a country that formally decriminalized homosexuality only in 1993, and where …

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Mail.ru Group to pay record dividends

August 9, 2012

Mail.ru Group, a leading, LSE-listed Russian Internet group, will pay $800 million in dividends – mostly as a result of the sale of shares of Facebook. In May, Mail.ru received approximately $850 million for its share in the American social network. This is the first time in its history that Mail.ru has paid dividends, and they …

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