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Naspers acquires controlling stake in Avito.ru in one of Europe’s largest startup exits

February 12, 2016

Naspers announced today a $1.2 billion transaction to become the largest shareholder in Russia’s leading online classifieds site Avito.ru — just weeks after the company aired its IPO plans. After buying shares from existing shareholders, Naspers will increase its stake from 17.4% to 67.9% on a fully diluted basis. Kinnevik is selling its entire 31% stake to the …

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Avito acquires delivery service aggregator CheckOut and prepares for IPO

February 12, 2016

Avito, Russia’s leading online classifieds site, is preparing for an IPO, co-founder and CEO Jonas Nordlander stated last week. Avito is “in the preparation for the simple reason that we want to have options if it at some point makes sense for the business and shareholders to go public,” Bloomberg quoted him as saying. Avito …

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Russian online video platform ivi.ru raises $3.5 million from Buran Venture Capital

February 12, 2016

This past Friday Buran Venture Capital announced that it has invested $3.5 million in ivi.ru, a major online video streaming platform operating in Russia and neighboring Russian-speaking countries. The details of the transaction have not been disclosed. The capital injection will allow ivi.ru to “further development its video platform and strengthen its position on the mobile and …

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Russia’s venture summer in review: More than 25 deals reported, new fund of up to $300 million launched in Moscow

December 26, 2018

Venture funds with Russian capital or Russian origins were far from being inactive this summer, which saw more than two dozens of significant deals made public and several new funds and accelerators launched. The invest-abroad trend, which started a few years ago, has been accelerating recently, as witnessed by the number of deals which involved US, Israeli, Asian and Australian …

Russia’s venture summer in review: More than 25 deals reported, new fund of up to $300 million launched in Moscow Read More

CarPrice.ru raises $40 million to develop online used car brokerage in Russia and beyond

February 16, 2016

Yesterday CarPrice.ru, a major Russian online broker of used car, announced that it raised $40 million in a Series B funding round – a considerable amount in the context of contraction of the Russian venture market. The round was led by Baring Vostok Private Equity Fund V with the participation of Almaz Capital and other unnamed investors. …

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New technology for bank card protection: breakthrough or scheme of the century?

May 27, 2015

“A Russian scientist made a breakthrough”: this is how many global media outlets have described the new quantum key protection technology for bank cards developed by Viktor Petrik. The scientist seemingly proposed a brilliant solution for the problem of data leakage. According to Petrik, the magnetic strip and the electronic chips are the weakest link in the …

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InVenture Partners analyst Alexander Dadashev: “Russia has once again lost its appeal for international venture capital investors”

August 23, 2017

As a result of the international tensions, Western venture capitalists that traditionally looked at Russia have found themselves in an uncomfortable position over the past year. The Russia label has become a stigma in the eyes of a large part of them, making international funding and development more difficult for local startups. In an exchange with …

InVenture Partners analyst Alexander Dadashev: “Russia has once again lost its appeal for international venture capital investors” Read More

Ozon receives giant funding from AFK Sistema and MTS

November 29, 2018

Ozon Holdings, one of the most established players on the Russian e-commerce scene, announced today a $150 million funding deal with AFK Sistema, a Russian LSE-listed holding operating in a range of industries, and its subsidiary MTS, a leading mobile operator and retailer. [See Sistema’s investor presentation of the deal.] The transaction marks the most significant investment volume …

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Ozon seeks to raise $100 million

October 29, 2013

Leading Russian online retailer Ozon is preparing for a new $100 million round of investment. Morgan Stanley has been mandated to conduct this next round of financing, as announced yesterday by Russian business daily Kommersant. “The funds will be used to expand our logistics system and consolidate the e-commerce market in the three areas where …

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Video portal Zoomby.ru secures $10 million in funding

June 5, 2013

Russian Internet group WebMediaGroup has attracted $10 million for its video portal Zoomby.ru, an aggregator of broadcast quality video content developed in partnership with a state-owned Russian TV channel. The round was carried out by the Leader-Innovations – a 3 billion ruble venture fund launched in 2008 with the participation of the state-owned fund of funds RVC, – Gazprombank, one …

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Stocks of Yandex, MegaFon and Rusnano are changing hands

March 20, 2013

The ownership of three major Russian tech companies – the search giant Yandex, the state-owned nanotechnology corporation Rusnano, and the mobile operator Megafon – is being affected by significant changes. Yandex, which raised $1.3 billion in its IPO back in May 2011, announced yesterday the closing of a secondary public offering of Class A ordinary …

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Avito.ru, Slando.ru and OLX.ru merge to create online classifieds giant

March 12, 2013

Avito.ru, Russia’s leading classifieds site by number of users, is merging with its competitors Slando.ru and OLX.ru, creating the fifth most popular Russian website, with more than 100 million page views a day, The Financial Times reported this morning. As part of the deal, Slando and OLX will be folded into the Avito brand. The …

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