This week Mail.ru Group, the LSE-listed Russian Internet giant, announced almost simultaneously two acquisitions: that of acquired Belarusian game studio Swag Masha through its gaming branch My.Games and that of Russian content & ad recommendation service Relap.io. Acquiring “an idea and high spirits” Founded in May 2018 and based in Minsk, Swag Masha is a small game …
PIK Group, Russia’s largest residential property developer, has invested in the St Petersburg-based Samokat e-grocery service, Russian business daily RBC reported. The financial details of the deal were not disclosed. According to official company registers, PIK acquired 27% of Samokat through its Cyprus- and Russia-based mother companies. Among Samokat’s other major shareholders are Vladislav Bocharov (24%) and …
Russia’s largest housing developer acquires stake in Samokat e-grocery service Read More
Nomination is now open for the largest regional startup competition, EuroAsian Startup Awards (EASA). Until 21 July, anyone can nominate the startups of Armenia, Azerbaijan, Belarus, Georgia, Moldova, the Russian Federation, Turkey and Ukraine through an online platform in 19 categories. National winners will be announced at the national finals in September, and they will …
How to nominate a startup to leading international contest Read More
Many people first heard about ToSky on June 2, 2019, when the company launched a toy Lada into space with a figure of Dmitry Rogozin, general director of the Russian State Space Corporation (Roscosmos), inside. To do so, the startup from Tomsk (3,000 east of Moscow) used an aerostat, basically a high-altitude balloon. But Nikita …
Siberian school-leaver launches pizza into space and chats with Elon Musk Read More
Mail.ru Group, a leading, LSE-listed Russian Internet company, has acquired a minority stake in Performance Food, a Moscow-based food delivery service specializing in premium healthy nutrition programs. The financial details of the deal were not disclosed. As reported by business daily Kommersant, which cites official company registers, MGL Mail.ru Equity Ltd, a Cyprus-based subsidiary of Mail.ru …
Mail.ru Group acquires stake in Performance Food delivery service Read More
The Russian p2p ticket marketplace Eticket4 has sold 13% of its stock to Hong Kong-based GTSystem International in exchange for a $325,000 capital injection. The whole project was estimated at $2.5 million, Russian business daily Kommersant reported, citing exchanges with company founder Daniil Kruchinin. According to the official company register, the deal took place on July 4. Kruchinin …
Russian ticket marketplace Eticket4 secures funding from Hong Kong Read More
Sberbank, the state-controlled financial giant in Russia, is going to acquire 25% stake in PayZakat, the bank stated without disclosing the financial details of the deal. This Moscow-based startup has developed a payment platform to help Muslim users collect obligatory and voluntary alms. With the help of PayZakat’s bots in social networks, Muslim users can calculate their …
Sberbank invests in PayZakat, a payment system that helps Muslims collect alms Read More
Veb Ventures (formerly VEB Innovations), a venture fund launched by state development agency VEB.RF (Vnesheconombank) in 2011, is confirming its commitment to support Russia’s tech startups. The fund has pledged to invest 2 billion rubles (more than $31 million at the current exchange rate) in seven companies by the end of 2019. The move follows …
State fund Veb Ventures to provide $31 million to Russian startups this year Read More
While the UK has traditionally been a key destination for Russian tech entrepreneurs and investors, two recent deals involving sharing-economy startups are confirming that even Brexit uncertainties are not stopping the trend. Thus, Impulse VC has just led a $6 million Series A round for London-based GuestReady. This three-year-old service lets shared-economy hosts manage their business …
In a move to increase its share of the Russian e-ticketing market, Yandex, the NASDAQ-listed Russian Internet giant, has acquired the exclusive rights to the e-ticketing system called TicketSteam. The financial details of the deal, reported by business daily Kommersant, were not disclosed. According to InterMedia news agency director Yevgeny Safronov, Yandex’s share of the e-ticketing market …
Yandex acquires e-ticketing system to double its market share Read More
Golama, a leading e-grocery delivery service based in Moscow, will receive 500 million rubles (about $7.7 million at the current exchange rate) from a state investor after just one year of operations. The investment will be provided by Veb Ventures (previously known as VEB Innovations), a venture fund launched by Vnesheconombank in 2011 to support innovative …
E-grocery service Golama to receive $7.7 million from state investor Read More
Skolkovo resident Intellogic has attracted 100 million rubles (more than $1.5 million at the current exchange rate) in a Series A round for its Botkin.AI startup that diagnoses cancer. At present, this technology can diagnose lung cancer at early stages with an accuracy of 95%, Forbes reported. Part of the funding came from two Russian funds: RBC Capital, which …
Russian startup Botkin.AI attracts $1.5 million to better diagnose cancer at early stages Read More
