Startups

Western funds Mangrove and Ventech take part in Oktogo.ru’s $10 million round

March 21, 2012

Oktogo.ru, a leading Russian online hotel booking and travel company, officially confirmed yesterday that it has secured a $10 million round of financing. The news was leaked for the first time last month, but Oktogo’s press release has provided details on the operation. VTB Capital, the investment arm of the Russian state controlled financial group VTB …

Western funds Mangrove and Ventech take part in Oktogo.ru’s $10 million round Read More

Travelmenu CEO Katrin Buckenmaier: “The Russian online outbound travel market is expected to grow ten-fold by 2015”

March 19, 2012

Launched in 2009 as a hotel booking engine for travel agents in Russia and Ukraine, Travelmenu.ru has grown into a major online retailer of package tours, a segment that represents more than 85% of the total outbound travel market in Russia. The site has served more than 250,000 travelers to date. Travelmenu has just announced it …

Travelmenu CEO Katrin Buckenmaier: “The Russian online outbound travel market is expected to grow ten-fold by 2015” Read More

Travelmenu’s video parody of Medvedev generated 6 million views in 3 months

March 19, 2012

Travelmenu.ru, a Russian online travel startup specializing in package tours, took advantage of the Russian winter holiday season to increase its brand awareness using a bold parody of President Medvedev’s New Year’s greetings. Released on December 19, the humorous video features the Russian President’s traditional greetings to the nation, revealing a behind-the-scene sea, sex and …

Travelmenu’s video parody of Medvedev generated 6 million views in 3 months Read More

Tiger Global leads $30 million round for online marketplace Wikimart.ru

March 19, 2012

The Russian online marketplace Wikimart.ru has secured a $30 million round of financing – the third one since the startup’s inception in 2008 – with Tiger Global Management contributing $18 million and the remaining $12 million coming from an undiclosed Russian investor. The startup’s previous valuation amounted to $50 million, which corresponds to its estimated …

Tiger Global leads $30 million round for online marketplace Wikimart.ru Read More

US venture capitalists go East: Russia’s startups now more appealing

March 10, 2012

Is Russia becoming a new frontier for US venture capitalists? With local startups and incubators springing up like mushrooms, a number of foreign tech investors have started to operate in the country, which is striving for modernization. Exemplifying the invest in Russia trend is Tiger Global Management, a New York-based international investment management firm. Over …

US venture capitalists go East: Russia’s startups now more appealing Read More

US business angel Esther Dyson: “Online services can reduce the costs of being honest”

March 9, 2012

Among US business angels, Esther Dyson is probably the one who has invested the most to date in Russia. Her portfolio includes no fewer than 15 Russian startups as well as Yandex, the search giant which she advises as a member of its board of directors. In this exchange with East-West Digital News, Esther Dyson …

US business angel Esther Dyson: “Online services can reduce the costs of being honest” Read More

Russia’s government innovators and stock exchange consider open playground for start-up stocks

March 8, 2012

Two deep-pocket, state-owned innovation flagships, the Russian Venture Company (RVC) and Rusnano, and the MICEX-RTS stock exchange have shaken hands on an uncommonly broad-based, private/public partnership designed to aid Russia’s fledgling technology innovators. In a concerted not-for-profit effort called Innovation and Investment Market (IIM), also known as IPO Board, the players are stepping forward to …

Russia’s government innovators and stock exchange consider open playground for start-up stocks Read More

Israeli startup TimeBooker receives funding from Yandex

March 6, 2012

Last week, Yandex announced it will provide seed funding to TimeBooker, an Israeli startup which intends to serve small and mid-sized service companies with an innovative booking solution. The seed funding, which industry blogger Yakov Sadchikov thinks is “in the range between $50,000 and $100,000,” will be brought under the Yandex.Factory program.

Teamo.ru attracts Japanese money, prepares recurring billing system

December 2, 2024

The Russian matchmaking service Teamo.ru completed a new round of investment earlier this week with a Japanese venture fund operating in Russia, UMJ Russia. While no details have been disclosed as to the amount involved or Teamo’s valuation, the deal brings total investment to date in the Russian service to more than $2 million. Unlike …

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Online event solution startup TimePad secures investment from Rambler-Afisha

March 2, 2012

TimePad, a startup offering a range of online tools for event organizers, announced on Wednesday that it had received an investment of undisclosed size from the Rambler-Afisha group. TimePad’s functions can be compared to those of Eventbrite or Armiando. They include event publication and promotion, through existing contacts and social networks, as well as online registration, …

Online event solution startup TimePad secures investment from Rambler-Afisha Read More

Social résumé startup Resumup enrolls global companies in innovative recruitment experiment

March 2, 2012

ResumUp, the infographic résumé startup that emerged from two innovation contests last December, is launching a new product, currently in beta testing, bringing some fresh air to online recruiting. While its first product focused on infographic résumés using data from social media profiles, the St. Petersburg startup now takes an extra step, matching visual résumés …

Social résumé startup Resumup enrolls global companies in innovative recruitment experiment Read More

Skolkovo’s influence extending to post Soviet countries

February 28, 2012

In a renewed round of innovation cooperation in the post-Soviet area, the Skolkovo Foundation, the Russian organization in charge of building a world-class technology hub near Moscow, is expected to start screening and funding technology start-ups from the neighboring CIS countries. The CIS Economic Council will vest the Foundation next month with full powers to …

Skolkovo’s influence extending to post Soviet countries Read More

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