Internet

SEO and advertising company SeoPult raises record $10 million; eyes foreign markets

August 1, 2012

Leading Russian SEO and online advertising automation platform SeoPult announced yesterday that it raised $10 million from iTech Capital, a Moscow-based private equity and VC fund, in exchange for an undisclosed minority equity stake. The amount stands as a record in the Russian online marketing industry. The SEO and SEM markets in Russia are growing steadily …

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Yandex improves click-through rates, expands profitability

August 1, 2012

The users of Yandex and its partnering sites click significantly more often on sponsored links following the introduction of new targeting instruments in the third quarter of last year, the search company announced to the press on Tuesday. These new instruments include targeting by gender, age and other socio-demographic criteria. Click-through rates grew by no less …

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Germany’s Media-Saturn acquires online consumer electronics retailer 003.ru

July 28, 2012

German consumer electronics retailing group Media-Saturn announced yesterday it has acquired 003.ru, a leading Russian online retailer of consumer electronics, from its founder Vladislav Ulendeev, for an undisclosed amount. Founded in 2000, 003.ru generated revenues of €20 million euros in 2011 with a headcount of approximately 50 employees. The brand 003.ru comes number four in the customer awareness ranking …

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International research study sheds full light on Russian e-commerce

July 24, 2012

Today, East-West Digital News is releasing a 316-page research study on the Russian online retail market – one of the fastest growing but least known (and most misunderstood) on the planet. The research – in which PwC in Russia and the Moscow Higher School of Economics, among others, took part – is based on interviews …

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Moscow startup Gfranq turns amateurs into professional photographers

July 24, 2012

Gfranq, a photo editing site launched just four months ago, is getting strong traction among amateur photographers, with more than 100,000 users in its first three months. Gfranq’s idea is to provide a simple, yet poweful image processing service to the average online user who has no knowledge of complex image processing software, allowing the …

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Kayak.com paddles limply into Russia

July 23, 2012

Good luck guys! Fresh off its insignificant $91 million IPO on NASDAQ, news is trickling in about Kayak.com’s ambitions in the Russian market. Stories on the web actually started breaking on July 19th, the day before the IPO, after the Quintura blog noted that Kayak.ru is forwarding to Kayak.com and identified the Russia & CIS …

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Alternative accomodation websites attract VC money

July 20, 2012

Renthome.ru, a HomeAway.com clone offering short-term vacation rentals across Russia and the CIS, closed earlier this month an angel investment round of approximately $1 million. Participants in this round of investment include Russian and foreign entrepreneurs, as well as investors from the real estate market and finance sector, announced Fast Lane Ventures, which invested in …

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Russian hacker takes iOS in-app purchasing for a ride; Apple’s response middle-of-the-road

July 18, 2012

In a feint that has galvanized the Apple community and exposed an apparent flaw in the iOS, a Russian hacker has dodged official in-app purchase procedures and conned Apple’s App Store into letting him get paid content for free, Macworld magazine reports. Upon completing his hack last week, Alexey Borodin, the developer of the procedure, …

Russian hacker takes iOS in-app purchasing for a ride; Apple’s response middle-of-the-road Read More

Duma adopts controversial legislation on harmful Internet content

July 13, 2012

This week, the Duma, Russia’s lower house of parliament, adopted controversial amendments to the Russian laws on telecommunications and information, with the stated intention of protecting children from online dangers ranging from pornography to “pro-suicide” and “pro-drugs” propaganda. Following a suggestion from the ‘Safe Internet League,’ a non-governmental organization formed last year, a register of …

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Award-winning social alarm service Budist.ru secures $2 million for international expansion

July 13, 2012

If you would like to be woken up tomorrow morning by a friendly stranger’s call instead of a typical alarm, this application is for you. Social alarm clock Budist.ru enables you to set up the date and time you wish to be awoken, and a volunteer will call you at that exact time. The service is …

Award-winning social alarm service Budist.ru secures $2 million for international expansion Read More

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