The Russian Navigation Technologies company (RNT), a developer and producer of GPS/Glonass monitoring systems and Autotracker transport management systems, has filed for bankruptcy in the Moscow Arbitration Court, according to documents on the court’s website. In 2010, the company raised 300 million rubles (about $10 million at that time) placing its stock on the market. …
Russian Navigation Technologies files for bankruptcy Read More
The Moscow metro will hold a competition to create a unified mobile network throughout the city’s sprawling underground transport system, a source familiar with the metro’s plans told Itar-Tass on Monday. The planned competition was confirmed by two mobile operators, and a source close to the Moscow Department of Information Technology said that the winning …
Ozon Holdings, one of the most established players on the Russian e-commerce scene, announced today a $150 million funding deal with AFK Sistema, a Russian LSE-listed holding operating in a range of industries, and its subsidiary MTS, a leading mobile operator and retailer. [See Sistema’s investor presentation of the deal.] The transaction marks the most significant investment volume …
Ozon receives giant funding from AFK Sistema and MTS Read More
HealBe, a St. Petersburg-based startup, has won the hearts of crowdfunders at Indiegogo.com with GoBe, its wearable device for automatic calorie intake measurement. A campaign that started on March 5 with a fairly unassuming goal of raising $100,000 largely for promotional purposes drew to a close last Tuesday with $1,084,311 – all of it available to …
Russian calorie intake tracker makes crowdfunding splash at Indiegogo Read More
Last month St. Petersburg startup FlexyMind closed its second round of funding with an investment from RWM Capital, a Russian fund management firm, for further development of its educational gaming apps for mobile devices, reported Marchmont News. Neither the amount of the transaction nor the startup’s valuation were disclosed. Near-term plans for the young company …
St. Petersburg educational gaming app publisher FlexyMind secures Series A funding round Read More
GS Group, a St. Petersburg-based industrial holding with vested interests in telecommunications, has bought into Novabase, the leading IT player in Portugal, and is paving the way for a major expansion in Western Europe and Africa. The sizable Russian manufacturer of TV receivers and software for TV operators announced earlier this week that it had …
Russian TV gear maker acquires Portuguese IT assets, eyes new markets Read More
Smartfin, a provider of mobile payment solutions in Russia under the brand 2can, has just completed a $5 million Series B round of financing with the participation of previous investors InVenture and Almaz Capital, two major Russian venture funds, as well as investment company ESN Group. The latter, owned by Russian tycoon Gregory Berezkin, has …
Mobile acquiring startup 2can raises $5 million in Series B funding Read More
While Apple’s products have become a must-have in the Russian political elite, the Russian government no longer uses iPads, according to Communications Minister Nikolay Nikiforov. Instead, ministers are required to use Samsung tablets in cabinet meetings and government committees. Nikiforov, who earlier in the week suggested that the USA’s commitment to eavesdropping on foreign governments …
Mobile app developer Iconic Mobile (formerly known as Ipadizer) has raised $1 million from 515 Capital, a London-based investment and consultancy firm. This is the first funding round for the startup – at a pre-money valuation of $2.7 million, as founder and CEO Alexey Pospekhov told East-West Digital News. Launched in Russia in 2011, Iconic …
Russian mobile app developer Iconic Mobile secures $1 million from UK investment firm Read More
Nokia’s Android smartphone, Nokia X, announced at the recent Mobile World Congress, comes to the Russian and Belarusian markets equipped with the essential search functionality provided by Yandex. The Finnish company’s first in the X-series of phones premieres today on these markets with the Yandex.Search app already preinstalled and the Yandex search engine as a built-in …
Nokia’s Android phones come to Russia fitted with Yandex apps Read More
YotaPhone, Russia’s first Android-powered dual-screen (LCD and EPD) smartphone supporting GSM, 3G, and LTE standards, is now available in the UK for £419. More European markets are coming this month, including Portugal, Italy, Switzerland and Scandinavia, TechCrunch reported last week. In an exchange with the Financial Times, Yota Devices CEO Vlad Martynov said that the international …
Vobis Computer, a sizable Russian supplier and vendor of Chinese-assembled smartphones, satellite navigation systems and software operating under the Highscreen local trademark, has announced its first solo as an independent smartphone manufacturer. Six months ago Vobis unveiled its Highscreen Boost 2, with record-long battery life. This month the developer, now based in Moscow and Hong …
Vobis Computer rolls out homegrown Russian budget smartphone Read More
