According to a poll conducted by the Public Opinion Foundation (FOM) earlier this month, Odnoklassniki.ru has become Russia’s most popular social network among Russians who are 18 year-old and over – ahead of Vkontakte.ru, whose leadership is more affirmed among teenagers. Odnoklassniki’s reach is now estimated to be no less than 61% – compared to …
Odnoklassniki.ru leading social network among 18+ users Read More
RBC Daily reported earlier this week that Scartel, the leading Russian WiMAX operator operating under the Yota brand, is considering selling its Belorussian subsidiary, Yota Bel, just a few months after starting operations in this country of almost 10 million inhabitants. Such a move would confirm Scartel’s intention to focus more on Russia rather than …
Scartel to focus on Russia, attempts to sell Belorussian subsidiary Read More
Yuri Milner, co-founder of the prominent Russian Internet fund DST, is among the investors in Path, the much-hyped ‘mobile-centric social network’ launched in 2010. The investment round, which amounts to at least $30 million, was led by venture firm Redpoint Ventures, CNet reported on Monday, with entrepreneurs Richard Branson, Mark Pincus and Jerry Murdock, as …
Milner takes part in Path’s $30 million investment round Read More
The Russian search giant Yandex yesterday announced a new step toward integrating its electronic currency, Yandex.Dengi – which translates as Yandex.Money – with bank systems. Users of this virtual currency can now obtain a MasterCard debit card tied to their Yandex.Dengi account and make payments using funds from Yandex.Dengi. The co-branded card can be used …
Yandex e-currency teams up with MasterCard to issue new payment card Read More
Quantenna Communications, a leading player in ultra-reliable Wi-Fi video networking for whole-home entertainment, announced today that it has closed a $79 million funding round led by new lead investor Rusnano, the Russian nanotechnology giant, with participation by a second new investor, Bright Capital, a major Russian fund. All existing major investors, Sequoia Capital, DAG Ventures, …
Rusnano and Bright Capital invest in US next gen Wi-Fi chipset provider Read More
Mallstreet.ru, a Russian online retailer founded in 2009, secured an undisclosed investment from West European early-stage venture funds. The operation took place in the summer of last year, but was disclosed by industry blogger Yakov Sadchikov only last week. Among the investors are Kima Ventures, founded by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, …
MallStreet.ru funded by Kima Ventures, Amber Venture Partners and Fabrice Grinda Read More
Fast Lane Ventures has partnered with Bonial International Group, a German company specializing in location-based shopping information services, to launch Lokata.ru, one of the first services of this kind in Russia. Lokata is an online and mobile service providing shoppers with the information needed to make smart shopping decisions prior to them even entering the …
German inspired Lokata.ru helps Russian consumers search online and buy offline Read More
Last week, La Conférence Luxe & Digital gathered 40 speakers, 50 journalists, and over 300 industry representatives who shared their experience and views on today’s digital trends in the luxury and fashion industry. This international event, which held its first and second editions in Paris in 2010 and 2011, took place this time in Moscow. …
Online luxury discussed in Moscow – with a French touch Read More
Just two months after it began serving Kazakhstan, Biglion, the leading Russian daily deal site, has acquired Bongo.by, a Belorussian analog. The transaction was announced yesterday by Biglion’s Development Director Oleg Savtsov in an exchange with Russian business daily Kommersant. Savtsov did not disclose the amount of the deal, but Kommersant reported that Bongo.by is …
Fast Lane Ventures announced last week it has agreed to sell its stake in the TV and online teleshopping company Shopping Live to the German group Home Shopping Europe for an undisclosed amount. A 24-hour channel, Shopping Live offers live programming up to five hours per day. The channel is currently represented on such major …
Fast Lane sells teleshopping company to German group Read More
Kupikupon.ru, a major daily deal site, has acquired Moresalonov.ru, an online booking service for beauty salons, for an undisclosed amount, reported Unova, a Russian site dedicated to high tech and venture news. The clients of Kupikupon.ru will be able to plan visits to beauty salons and book appointments more easily. Bookings for restaurants, car maintenance, and …
Daily deal site Kupikupon.ru aquires beauty salon booking service Read More
Illustrating the importance of online cross-border commerce in Russia, the Chicago-based company BayRu, which helps consumers from Russian and neighboring countries place orders from foreign online retailers, announced last week that it has opened a representative office in Moscow. Many Russians make online purchases from international giants eBay and Amazon or from more specialized retailers …
Cross-border e-commerce operator BayRu opens Moscow office Read More
