Startups

Avito.ru secures $75 million from Accel Partners and Baring Vostok

May 2, 2012

Avito.ru, Russia’s leading classifieds site by brand awareness and number of users, announced today that it has received $75 million in new funding from Baring Vostok Private Equity Fund IV and Accel Partners as well as from existing investors Kinnevik and Northzone. The valuation has not been disclosed, but Avito’s press service told East-West Digital …

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Java application cloud-based hosting platform Jelastic completes $2 million round

April 27, 2012

Earlier this week, the Ukrainian-Russian-American startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced it has secured an investment of $2 million from Almaz Capital Partners and Foresight Ventures. This ‘Series A’ funding round brings the startup’s total financing to $2.5 million. In December 2010, Jelastic received seed funding from Runa …

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Report: “Google, the US Yandex”

April 20, 2012

In association with East-West Digital News, faberNovel, a French innovation consulting firm with offices in Paris, San Francisco and Moscow, has just released an eye-opening presentation on the Russian Internet and innovation system. The report features the latest data on the Russian market and its key players, of course, but then goes further, providing useful …

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Milner takes part in Path’s $30 million investment round

April 18, 2012

Yuri Milner, co-founder of the prominent Russian Internet fund DST, is among the investors in Path, the much-hyped ‘mobile-centric social network’ launched in 2010. The investment round, which amounts to at least $30 million, was led by venture firm Redpoint Ventures, CNet reported on Monday, with entrepreneurs Richard Branson, Mark Pincus and Jerry Murdock, as …

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German inspired Lokata.ru helps Russian consumers search online and buy offline

April 13, 2012

Fast Lane Ventures has partnered with Bonial International Group, a German company specializing in location-based shopping information services, to launch Lokata.ru, one of the first services of this kind in Russia. Lokata is an online and mobile service providing shoppers with the information needed to make smart shopping decisions prior to them even entering the …

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Biglion buys major Belorussian daily deal site

April 11, 2012

Just two months after it began serving Kazakhstan, Biglion, the leading Russian daily deal site, has acquired Bongo.by, a Belorussian analog. The transaction was announced yesterday by Biglion’s Development Director Oleg Savtsov in an exchange with Russian business daily Kommersant. Savtsov did not disclose the amount of the deal, but Kommersant reported that Bongo.by is …

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Daily deal site Kupikupon.ru aquires beauty salon booking service

April 10, 2012

Kupikupon.ru, a major daily deal site, has acquired Moresalonov.ru, an online booking service for beauty salons, for an undisclosed amount, reported Unova, a Russian site dedicated to high tech and venture news. The clients of Kupikupon.ru will be able to plan visits to beauty salons and book appointments  more easily. Bookings for restaurants, car maintenance, and …

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Farminers partners with RocketSpace to bring Russian tech startups to the United States

March 28, 2012

Moscow, Russia / San Francisco, California – Farminers, a Russia-based technology incubator backed by In-Mobile Investments, is bringing the members of its 2012 Startup Academy for technology startups to San Francisco’s RocketSpace to prepare for launch in the United States. Chosen from thousands of Russian tech startups that applied to the Farminers Startup Academy, these …

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French mobile analytics startup nabs $1.5 million from Moscow based venture fund

February 11, 2017

Runa Capital, a Moscow-based fund that began investing outside Russia last fall, is providing $1.5 million in funding to Capptain, a French startup that has developed a SaaS platform for mobile analytics and marketing. Capptain’s valuation has not been disclosed, but Runa is a minority shareholder, Laurent Lathieyre, the startup’s co-founder, told East-West Digital News. …

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Leonid Gluzman of Zina.ru: “Up to 80% of first time online purchases are made on couponing websites”

March 26, 2012

Two years after the Groupon fever hit Russia in March 2010, Leonid Gluzman, the founder of daily deal site aggregator Zina.ru, recalls the history of this thriving industry and shares its key figures and trends for the future. This interview is an excerpt from an in-depth research paper on Russian e-commerce that will be released next …

Leonid Gluzman of Zina.ru: “Up to 80% of first time online purchases are made on couponing websites” Read More

SaaS accounting startup Moe Delo secures $4 million

March 25, 2012

A leading player on Russia’s young but flourishing market of online accounting services, Moe Delo (pronounced ‘Moyo Dyelo’) announced last week it raised $4 million from Klever Internet Investments. The valuation of the company was not disclosed, but Moe Delo’s founders Sergey Panov and Maxim Yaremko kept a controlling stake, according to the press release.

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