Startups

DST backer cautious about investing in Internet companies as prices may have peaked

April 18, 2011

Prominent Russian businessman Alisher Usmanov told Bloomberg that his $500 million acquisition of a 5% stake in Chinese Web retailer 360buy.com in March may have been his last big direct Web investment for some time. In a phone interview with the financial news agency last Friday, Usmanov said, “Investments in Internet companies start to bring …

DST backer cautious about investing in Internet companies as prices may have peaked Read More

Russian toolbar maker Metabar raises $1 million

April 18, 2011

Russian seed and early stage venture fund Runa Capital has invested $1 million in Metabar, a Russian startup allowing websites to customize a toolbar to adhere to their features, news, and other applications. “Our platform allows website owners to transform casual visitors into regular audiences,” said Mikail Ushakov, Metabar’s CEO.

Online children’s goods retailer Babyboom.ru raises $900,000 from Western funds and angels

April 12, 2011

Babyboom.ru, a Russian children’s goods website, has raised $900,000 from investors including Index Ventures  and Team Europe Ventures as well as from business angels Chamath Palihapitiya, VP of Facebook, Fabrice Grinda, the founder of OLX, Jose Marin, the founder of IG Expansion and James Gutierrez, the founder of Progreso Financiero.

Russian online hotel booking system raises funds from Western and Russian VCs

April 7, 2011

Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.

New powerful players enter online footwear market

April 5, 2011

Russia’s online footwear market, which only a year ago almost resembled a desert, is witnessing rapid transformation following the initiatives of a number of major players. This market was recently estimated to have a potential of at least €100 – 150 million.

New investment in local deal site

March 31, 2011

Russian venture investor Ru-Net II has invested an undisclosed amount in Biglion, one of the numerous Russian Groupon copycats, reported blogger Yakov Sadchikov last week.

Russian startup launches new social media monitoring system

March 30, 2011

BuzzLook.ru, a new social media monitoring system, was launched earlier this month. The site allows searches for keywords on such popular Russian and international resources as social networks Vkontakte.ru and Facebook, hosting sites Youtube and Flickr, blogging platform LiveJournal, as well as on Twitter.

Local deal site raises funds from Russian-American investor

March 14, 2011

Access Industries, a US based industrial holding with international assets owned by prominent Russian-American businessman Leonard Blavatnik, has acquired a stake in Vigoda.ru (in Russian: “Advantage”), one of Russia’s numerous local deal sites.

Omsk-based Internet startup raises $3 million

March 12, 2011

Tulp.ru, a website where users can share impressions on local businesses—from detailed stories of their consumer experince to photos and ratings—is about to raise $3 million from “an important Russian offline player,” reported company founder Taisiya Kudashkina to EWDN.

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