Ecwid, a leading provider of social commerce solutions for small businesses, has just secured $42 million from Morgan Stanley and PeakSpan Capital. Using 54 languages to serve 1.5 million businesses across the world, Ecwid has made a long way since it was born in Ulyanovsk, 720 km east from Moscow, 10 years ago. Now headquartered …
Russian-born social commerce major raises $42 million in Silicon Valley Read More
Russia has been consumed by half-naked dancing videos set to the club-hit “Satisfaction” after a scandalous video was released earlier this week. Made by students at a civil aviation institute in Ulyanovsk, the video features a dozen or so young men clad in cadet caps, chest straps, and boxer shorts, thrusting their hips in a …
Russian social media swamped by student half-naked videos Read More
ECWID, arguably one of the most successful Russian startups of the past few years, announced today that it has secured $5 million from iTech Capital and Runa Capital, two major Moscow-based venture funds with global portfolios. The startup will utilize the Series B funds to accelerate its already rapid growth, further developing its mobile and …
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, a leading provider of social commerce solutions based in Ulyanovsk, Russia, and US social commerce pioneer Payvment, have announced that Payvment will refer its 200,000 Facebook merchants to the Ecwid platform. The move comes as a consequence of the acquisition of Payvment by Intuit, a Silicon Valley software publisher. Intuit was essentially interested in …
Russian social commerce solution provider Ecwid asserts leadership on Facebook Read More
MTS, the leading Russian mobile operator based on number of subscribers (71.4 million in 2010), won a tender for GSM frequencies in the Penza region, the last remaining region it had yet to penetrate. Until now, MegaFon was alone in operating GSM networks in all of Russia’s 83 regions.
