Regions & cities

Drama at Vkontakte: UCP claims 48% stake, CEO is involved in police investigation

April 17, 2013

United Capital Partners (UCP), a major Russian fund operating in various industries, claims to have acquired a 48% stake in the country’s leading social network Vkontakte.ru, also known as VK.com. The transaction has been put at doubt, however, by the site’s co-founder and CEO Pavel Durov. “According to the company’s charter, existing shareholders have preferential acquisition rights, and we …

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Conference on luxury’s digital revolution: from eBay inspiration to 3D novelties

April 17, 2013

Earlier this month La Conférence Luxe & Digital gathered almost two hundred industry representatives, experts and journalists from Russia, France and the United States to share their experience and views on today’s digital trends in the luxury and fashion industry. Previously staged in Paris since 2010 and Moscow last year, the event was coordinated this …

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In Russia’s Far East, Yakutia announces its own hi-tech park

April 11, 2013

Russia’s Far Eastern region of Yakutia (Sakha) is planning to open its own hi-tech park by 2015, the Russian news agency Interfax reported earlier this week, citing a statement by Anatoly Semenov, the CEO of Yakutia, a techno-park already in operation in the area. According to Semenov, the future park will accommodate innovation companies working …

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Ekaterinburg-based e-retailer e96.ru emerges as major Russian online retailer

April 9, 2013

E96.ru, an online retailer of consumer electronics and home appliances based in Ekaterinburg, claims that it generated no less that 1 billion rubles (approximately $33 million) in sales during the first quarter of 2013, up 206% from the same quarter of 2012. The future will determine how long the company will maintain this pace, but …

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Sendmebox.ru raises $300,000 to build cross-border marketplace

April 4, 2013

A group of e-commerce entrepreneurs from Rostov-on-Don in southern Russia has secured $300,000 in equity investment – including $200,000 from the Moscow Seed Fund and $100,000 from angel investor Andrei Golovin – to launch Sendmebox, a platform to help Russian online customers shopping on foreign sites. A few months before site launch, the deal valued …

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From nationwide plans to local reality: How GLONASS deployment is gridlocked in bureaucracy

November 19, 2014

Russia’s central government has been the main promoter of the satellite-based GLONASS geolocation technology across the country, but local realities sometimes contradict Moscow’s spectacular nationwide plans. Transportation companies operating in Saratov, in the Lower Volga area, came across this duality recently when attempting the introduction of ERA-GLONASS, a real-time satellite-based service for reporting and responding …

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Siberian startup supported by Western and Russian investors to trade “interesting and unusual things”

April 1, 2013

Kima Ventures, the fund started by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, along with angel investors Fabrice Grinda, Jose Marin, and Alexander Aivazov, have teamed up to invest in Martmania, an online marketplace focused on trading “interesting and unusual things.” The details of the deal have not been disclosed, but a source …

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Vladivostok ‘nano-painters’ draw “Putin” and “Mona Lisa”

March 28, 2013

Scientists at the thin-film laboratory of Vladivostok-based Far Eastern Federal University (FEFU) have mastered the art of making nano-portraits, the Russian media have reported. According to Alexander Samarda, an associate professor of FEFU’s computer systems department, the nano-portraits are created on a 50-nanometer thick polymer film pre-applied to a silicon substrate.

St. Petersburg startup secures $200,000 to turn shy people into online daters

March 25, 2013

Blabroom, a resident company of the St. Petersburg-based technopark and incubator Ingria, has completed a seed stage round from Imperious Group, which has injected 6 million rubles (approximately $200,000) into the startup in exchange for a 20% stake. Blabroom’s site has been designed to help shy people establish their first contacts with other members of …

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Ecwid founder Ruslan Fazlyev: “SMBs have seen steady growth in social commerce, even as larger companies have faltered a bit.”

June 9, 2021

Tucked away some 700 km east of Moscow in Ulyanovsk, the city of Lenin’s birth, the three-year-old startup Ecwid stands as a global leader in micro e-commerce, with over 270,000 registered merchants in 174 countries. Its cloud-based shopping widget can be embedded into any webpage, blog, or page on Facebook, where Ecwid serves more than …

Ecwid founder Ruslan Fazlyev: “SMBs have seen steady growth in social commerce, even as larger companies have faltered a bit.” Read More

Huawei opens its first Russian Network Academies

November 19, 2014

Last week Huawei, a global China-based IT product and solution provider, inaugurated its Russian series of educational programs for telecom-related academia and markets by opening two pioneering Network Academies in Moscow and St. Petersburg, ComNews.ru reported. The new vocational training programs, hosted by Moscow’s MIREA University of Radio Engineering, Electronics and Automation and St. Petersburg’s …

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MegaFon launches LTE in South Ossetia

March 21, 2013

The roll out of 4G in Russia, which started last year in Novosibirsk, Moscow, and a few other privileged urban areas, is now reaching the country’s remote regions. Last week, MegaFon, a major Russia mobile operator, announced the launch of an LTE network throughout the Republic of South Ossetia. Located in the Caucasus region, South …

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