Startups

Russia’s SimpleFinance secures $15 million from Japanese fund SBI

September 14, 2018

SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, has agreed a $15 million equity investment deal with the Japanese fund SBI FinTech Business Innovation Fund LPS. The fund’s total capital commitment to SimpleFinance now stands at nearly $50 million, taking into account a first round of funding just one year ago. Launched in 2015, SimpleFinance offers …

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Russian startup found out how to measure the impact of online communications on offline sales

September 13, 2018

It has been difficult so far to assess the efficiency of online advertising to drive offline purchases. In the absence of precise tools, advertisers and agencies can rely only on conventional online metrics such as click-through-rate, which do not tell much about what happens after the users left their screens. Segmento, a programmatic platform based …

Russian startup found out how to measure the impact of online communications on offline sales Read More

Dostavista raises $2 million from Russian and US funds

September 12, 2018

The Russian crowdsourced courier service Dostavista has secured $2 million — one year after a previous round of funding — from its existing investors, the Russian VC funds Buran Venture Capital and AddVenture, and FJ Labs, a New York based investment firm founded by Fabrice Grinda and Jose Marin. The news was reported yesterday by business daily …

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AddVenture leads $8 million round for South Korean home cleaning startup Miso

September 8, 2018

AddVenture, a venture fund with Russian roots operating internationally, has led an $8 million Series A round for Miso, a South Korean home-cleaning service app. Also participating in the round, but with undisclosed contributions, were Y Combinator, Strong Ventures, Social Capital, and FundersClub, according to CrunchBase. Miso was the third startup from South Korea to participate …

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Sistema’s Asian venture arm invests in Indian health product marketplace

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam, have invested for the second time in Indian healthcare startup Netmeds. As reported by Techiexperts, they have just participated (with undisclosed contribution) in a $35 million Series C round which also involved Daun Penh Cambodia Group …

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Russian ride-hailing startup conquers America with a few million (not billion) US dollars in capital injections

August 31, 2018

inDriver, a ride-hailing app with Russian roots now operating internationally, has just raised $10 million from its historic investor, Leta Capital. Born in 2012 in Yakutsk, Siberia, this startup has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. An …

Russian ride-hailing startup conquers America with a few million (not billion) US dollars in capital injections Read More

Moscow-based “funtech incubator” invested in 20 companies in one year

August 29, 2018

The Moscow-based investment firm FunCubator has invested 35 million rubles ($550,000) in PlatformaVR, a Russian VR-oriented game publisher. The deal was closed in April and publicly announced earlier this month. The funding will be used to create new content as well as for PlatformaVR’s international expansion. The startup has “one of the strongest teams in …

Moscow-based “funtech incubator” invested in 20 companies in one year Read More

Swedish investor VNV invests $4 million in Busfor

February 15, 2019

Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4 million in the Eastern European online bus ticketing platform Busfor. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …

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Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together

August 14, 2018

Dbrain, a startup that “turns raw data into real-world AI,” has just raised $5.7 million from Angelvest and Bitfury Group. Two distinct deals were closed in late July, the startup’s press service told us: an equity and a private token sale, of $3 million and $2.7 million respectively, with a group of cryptocurrency traders contributing to the token sale. …

Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together Read More

Two major deals in two months: Indian food delivery startups woo Russian VC billionaires

August 3, 2018

Indian startup Faaso’s has just secured $15 million from an investor consortium that includes Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, Ru-Net, an international fund led by Russian venture magnate Leonid Boguslavsky, as well as Sequoia Capital India, Lightbox and Evolvence India. The news was reported this morning by …

Two major deals in two months: Indian food delivery startups woo Russian VC billionaires Read More

From startup emigration to local development: Fintech emerges in Kazakhstan

August 1, 2018

An oil-rich republic of the ex-Soviet Union, Kazakhstan now envisions its economic future as a gateway for foreign investment across Central Asia. Tech solutions and new apps are emerging there to facilitate the process, writes tech columnist Victoria Zavyalova. Until recently, Kazakhstan had little to show in terms of stock trading and fintech infrastructure. This …

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E-commerce SaaS publisher PimPay secures more than $3 million from IIDF

July 24, 2018

Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced that it invested 200 million rubles (around $3.1 million at the current exchange rate) in the microcredit and factoring startup PimPay. The fund has received a minority share; no other details of the deals have been disclosed. The PimPay …

E-commerce SaaS publisher PimPay secures more than $3 million from IIDF Read More

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