New investment in local deal site
Russian venture investor Ru-Net II has invested an undisclosed amount in Biglion, one of the numerous Russian Groupon copycats, reported blogger Yakov Sadchikov last week.
News
Neocorp files suit against Tele2 in Swedish arbitration court
Neocorp Inc., a holder of telecom assets in CIS countries, filed suit against Swedish Tele2 last week in the arbitration court of the Stockholm Chamber of Commerce. Neocorp is demanding Tele2 to satisfy contract obligations for the acquisition of Orvell, a company valued at $38 million, which owns 100% of Construction and Installation Mobile Administration …
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Russian startup launches new social media monitoring system
BuzzLook.ru, a new social media monitoring system, was launched earlier this month. The site allows searches for keywords on such popular Russian and international resources as social networks Vkontakte.ru and Facebook, hosting sites Youtube and Flickr, blogging platform LiveJournal, as well as on Twitter.
Putin requests consolidation of administrative databases
Prime Minister Vladimir Putin has entrusted the Ministry of Communications and Mass Media with the task of integrating the databases of all departments and ministries before to July 1, 2011. “We’re talking about a single portal for all public services, information and service sites, integrated communications channels, departmental and regional data banks,” said Mr Putin. …
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Russian mobile phones to be used for cashless payments
Ambiq Tech St. Petersburg, the Russian branch of American company Ambiq Technologies, yesterday unveiled a mobile phone add-on for Russian customers. Based on Near Field Communication technology, a short-range wireless connectivity standard, the insert allows customers to use their phone as a discount card or a payment instrument linked to their bank account.
Russian search engine Nigma.ru launches Vietnamese version
Nigma.ru, a little known but innovative Russian search engine, could make a Vietnamese version of its service available as soon as April 1 under the domain name Itim.vn, meaning “I seek” in Vietnamese.
Skolkovo and Microsoft to partner in educational projects
Skolkovo, the state-sponsored innovation hub under construction near Moscow, and Microsoft Russia established last week a “strategic partnership” for educational projects.
Online video site receives financing from leading Russian investors
WebMediaGroup has sold a 30% stake in its online media projects to Russian venture fund Leader Innovations and Gazprombank, the company announced last week.
Skolkovo, Rusnano, and Russian Venture Company open office in Silicon Valley
Skolkovo, the state-sponsored innovation hub under construction near Moscow, last week opened its American beachhead in Silicon Valley together with Rusnano, a state-owned corporation, and Russian Venture Company (RVC), the state-owned fund of funds dedicated to innovation.
Analysts forecast strong growth for Euroset
According to analysts at Alfa-Bank, Euroset’s are set to grow, on average, by 26.1% annually until 2015, reaching an estimated 197.4 billion rubles (approximately $7 billion). EBITDA should hit 21.9 billion rubles ($776 million) by 2015, and net profit should rise to 15.02 billion rubles ($532 million). Euroset, Russia’s leading mobile retailer, announced last week …
Pskov launches business incubator in May
Pskov expects to have its first business incubator for young entrepreneurs completed and launched this May, RIA Novosti reported, citing incubator director Dmitry Mikhailov.
First-ever IPO among Russian online retailers is planned
One of the largest Russian online retailers, Utinet.ru, has begun to prepare for an IPO on the MICEX stock exchange, reported ComNews.ru, a site covering telecoms and IT issues. The operation is scheduled for the first half of this year. Utinet.ru is valued at an estimated $100 million to $120 million and intends to sell …
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