International dating giant Dating.com Group has launched a $50 million corporate venture fund, the group’s co-founder Dmitry Volkov announced last week at an industry event in New York City. The new vehicle will invest “up to $5 million” in online dating companies from the seed to Series B stages. The Dating.com fund has already made an …
Dating.com Group launches $50 million corporate VC fund Read More
Ulmart, the former Russian e-commerce leader, is going bankrupt after three years of dire shareholder disputes. Founded by Alexey Nikitin in St. Petersburg in 2008, Ulmart developed a hybrid online-offline model: “part IKEA and part Amazon,” as former CEO Sergey Fedorinov put it. In its best days, the company had nearly 50 urban and suburban …
Former Russian e-commerce leader Ulmart under bankruptcy procedure Read More
The US Department of Justice indicted Russian national Yevgeniy Nikulin in several major cybercriminal offenses, such as stealing personal identities, usernames and credit card information of customers from Formspring, LinkedIn and Dropbox. Nikita Kislitsin, an employee of a cybersecurity firm with offices in Moscow and Singapore Group-IB is an alleged co-conspirator in the Formspring 2012 …
New Industry Ventures, a Russian fund created last year, today announced its first deal. The fund has injected 100 million rubles ($1.6 million at the current exchange rate) in ADL Completions, a startup launched in 2017 to develop technological solutions in multilateral and multi-bore well completion. These solutions allow “side-tracks” to be built onto existing wells, maintaining the flow-rate …
Russian oil tech startup receives $1.6 million from state-supported industry fund Read More
The 13th edition of Midemlab, the leading international music startup competition, will take place on June 2-5, 2020 in Cannes, France, in partnership with East-West Digital News. This year, Midemlab launches a brand new “Music Live Experiences” category that will spotlight the most innovative solutions around Live Music for bands, fans, venues, producers, promoters and more. …
Midemlab 2020: A call to Eastern European music startups (application deadline: Feb. 29) Read More
Since we started our search engine in 1997, we’ve sought to connect people with the information most relevant to them. Over the years, we’ve updated Yandex Search with smart features and more informative results, making it as easy as possible for our users to navigate the mass of information that is the internet. Today, we’re …
Yandex introduces Vega, its latest intelligent search update Read More
Last week Igor Ryabenkiy, the founder of VC firm Altair Capital, announced plans to launch a third, $200 million fund. Three quarters of this amount have already been committed by five unnamed investors, Ryabenkiy claimed in an interview with Inc. Russia. Targeting startups at the seed and early stages, Altair has invested in more than …
Altair Capital targets $200 million to launch third fund Read More
With more than 7,000 visitors and 180 exhibitors expected, E-Commerce Berlin Expo is the biggest pure-play e-commerce event in the (tech) capital city of Germany. In its 5th edition, the fair will take place in Station Berlin on February 13, 2020. The expo brings together the top players in the e-commerce industry, thus offering online sellers and retailers …
Top brands and thousands of e-commerce professionals to meet in Berlin (Feb. 13, 2020) Read More
Yesterday Sberbank, the state-controlled financial giant, and LSE-listed Mail.Ru Group signed binding agreements concerning their JV partnership in the fields of food delivery and taxi hailing. As previously announced: The deal puts Mail.Ru’s Delivery Club and CitiMobil businesses, plus Sberbank’s own FoodPlex arm into a single joint venture. The two partners will invest “up to …
Sberbank extends ownership and partnership with Mail.Ru Read More
Earlier this month Mail.Ru Group and Alibaba completed their e-commerce joint venture deal with participation from jointly with Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF). This JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls the bulk of e-commerce flows between China and …
Microsoft Corp said it has tracked “significant” cyberattacks coming from a group it calls “Strontium” or “Fancy Bear”, targeting anti-doping authorities and global sporting organizations. The group, also called APT28, has been linked to the Russian government, Microsoft said in a blog post. At least 16 national and international sporting and anti-doping organizations across …
Microsoft says Russia-linked hackers target sports organizations Read More
LED lamps brightened up our lives not too long ago as a more efficient alternative to the old-school incandescent lamps. Yet it already seems they’ve got a new competitor. Researchers from the Moscow Institute of Physics and Technology (MIPT or ‘Phystech’) and Lebedev Physical Institute of the Russian Academy of Sciences came up with a prototype …
Better than LEDs: Russian researchers have designed a revolutionary ‘eternal’ lamp Read More
