Igor Matsanyuk, a prominent figure in the Russian Internet and online game industry, and now the owner of Imi.vc, a Russian venture capital firm that funds innovative mobile apps, has invested $4 million in Narr8, Russian IT portal CNews.ru reported last week. Founded by former Mail.ru VP Alexander Vashchenko, Narr8 is a producer of comic book-based …
Narr8 raises $4 million to animate Russian and US tablets Read More
NFC technology enabled 4.5 billion rubles, or about $138 million, worth of payments in Russia in the first six months of this year, reported i-Free, a developer and publisher of mobile applications and games, in an exchange with Russian news agency RIA Novosti. Svetlana Kostochka, the head of i-Free’s innovation marketing department, explained she expects …
NFC on the move in Russia; compatible phones and payment systems to fuel traction Read More
Russia’s M2M service market grew a hefty 63% year-to-year by June 2012, from an estimated 1.84 to 3 million SIM card enabled connections, MTS, a leading Russian mobile operator and retailer, has found in a special study. Sharing its results with Russian news agency RIA Novosti, Valeria Kuzmenko, a spokesperson for MTS, said the company, …
M2M market up 63% in one year with 3 million SIM card enabled connections Read More
On Monday, the Federal Antimonopoly Service (FAS) announced via Twitter that Megafon, one of Russia’s leading mobile operators, has officially filed a request to acquire a 50% stake in Euroset, the country’s largest mobile phone retailer. The terms of the deal have already been defined, the Russian media reported, with oligarch Alexander Mamut yielding his …
Megafon could acquire leading mobile phone retailer Euroset Read More
MTS, a leading Russian mobile operator and retailer, has announced plans to bring special, radio-enabled wrist straps to the Russian market by the end of this year. The electronic bracelets will help users obtain unaided health checkups and obtain professional medical advice remotely. This telemedicine-supporting device, called ‘Opeka,’ has been designed by a private-public partnership …
MTS engages in telemedicine; SIM chip powered straps to safeguard health Read More
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, …
Singapore-funded Russian startup turns Twitter accounts into stock exchange value Read More
Apple has tapped into solutions offered by Yandex, Russia’s Internet search giant, for the latest update of its iOS 6 mobile platform, the Russian news agency RIA Novosti reported, citing an unidentified source with knowledge of the matter. “Apple’s Russian map coverage is far from ideal, and therefore the company is drawing on Yandex technology,” …
On Monday, the Tashkent City Court in Uzbekistan handed down a decision ordering the forfeiture of assets held by a local mobile service operator in a controversial ruling that may cause the operator’s owner, Russia’s MTS, to charge off a loss of up to $1 billion, the Russian news agency RIA Novosti reported. The Court’s …
MTS assets seized in Uzbekistan; mobile operator envisions $1 billion loss Read More
Lilliputian Systems, a developer of portable power products for consumer electronics, announced last week it has closed on $40 million of a planned $60 million equity financing round led by Rusnano. The Russian nanotechnology giant joins Lilliputian’s current blue chip investors including Intel Corporation, Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas …
Rusnano invests in US portable power technology developer Read More
Megafon, a leading Russian mobile operator, has acquired Felebior Holdings Ltd, the company which owns VAS Media, a Moscow-based mobile content publisher and provider of payment and geolocation solutions. The terms of the deal have not been disclosed. The asset will be integrated with Megalabs, an existing subsidiary of Megafon that develops, in particular, mobile …
Megafon acquires mobile content and service publisher VAS Media Read More
St. Petersburg – The short film created by i-Free, The Possibilities of NFC in the Modern World, won a prize in the corporate film section of the Cannes Film Festival: Cannes Corporate Media & TV Awards. Cannes Corporate Media & TV Awards is a high-profile corporate film festival – the biggest event of its kind …
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 …
