Search Results for: bright capital

Elementaree raises $2 million: Russia’s food delivery market heats up

September 4, 2017

The Russian food delivery startup Elementaree.ru has secured $2 million from several investors, including venture capitalists Ilya Ogai (UFG Private Equity) and Boris Zhilin (Avenir) and Veeam Software Senior VP Anton Antich. The news was reported last week by Vedomosti, which cited exchanges with the startup and with these investors. The startup’s founder Olga Zinovyeva …

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Moscow accelerator GVA introduces Indian startups to the Russian market as the two countries bolster business ties

September 16, 2016

Global Venture Alliance (GVA), a Moscow-headquartered provider of business services, training programs and seed funding for startups, has teamed up with the Society for Innovation and Entrepreneurship (SINE), a major tech business incubator based in Mumbai, to launch the ‘India-Russia Bridge for Innovations’ (IRBI). As reported by BW Disrupt, an Indian online publication, the IRBI program enjoys the financial …

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Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip

November 12, 2020

Earlier this month Vostok New Ventures, an invesment company listed on Nasdaq Stockholm (formerly known as Vostok Nafta Investment), has injected an additional $2.5 million in Moscow-based online travel agency Onetwotrip.com. This transaction was announced in the company’s H1 2016 activity report, which was published last week. The Swedish fund had already invested $4 million in …

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Sistema Asia Fund invests in Indian gifting card startup

August 5, 2016

QwikCilver, a Bangalore, India-based provider of gifting card solutions, has raised $10 million in a new round of funding led by Russian fund Sistema Asia Fund, reports The Economic Times. Previous investors in QwikCilver — including Amazon Asia-Pacific, Accel India and Helion Venture Partners — also participated in the round, but their respective contributions has not been …

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Venture capitalists turn away from Russian e-commerce while offline retailers demonstrate renewed activity

November 9, 2016

Last year saw paradoxical investment trends in Russia’s young e-commerce industry, with venture and private equity investment continuing to fall while a range of offline players started or resumed online projects. On the venture side, investment reached historic lows. According to RMG Partners’ preliminary estimates, just 42 deals were closed, totalling $137 million — down …

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AFK Sistema launches $50 million fund to support Indian startups

April 12, 2016

AFK Sistema, a Russian LSE-listed conglomerate,  has launched a proprietary $50-million (Rs 340 crore) Asia Fund to support Indian startups operating in the technology and niche consumer retail segments. “The Sistema Asia Fund will start with an initial tranche of $50 million, which will be increased significantly in the near future once our startups financing business grows in India,” The …

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2015 in review: Russian startups strove to develop internationally – or leave the country

February 7, 2016

This and next week, East-West Digital News reviews the most important developments which took place on the Russian high-tech scene in 2015. Today’s article explains why and how Russian startups sought to develop on global markets. In 2015, Russia’s problematic international image did not seem to affect the reputation of Russian tech talents on the global high tech scene. Among the brightest examples was N-Tech …

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2015 in review: Russian funds continued to invest in international startups while the domestic venture market declined

March 17, 2016

This week and next, East-West Digital News reviews the most important developments on the Russian high-tech scene in 2015. The series starts with an analysis of the key deals and trends that marked the venture market. 1. Russian funds continued to invest in international startups The invest-abroad trend among funds with Russian backers or managers, which began several …

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Ru-Net invests in Delhi-based startup PepperTap as Russian players eye Indian market

February 12, 2016

Is India – following Singapore and South Korea – becoming one of Asia’s top destinations for Russian investors? Exemplifying this growing interest in the Indian market, Ru-Net, a Moscow-based venture fund, took part last month in a $36 million funding round for Delhi-based grocery delivery startup PepperTap. Also participating in the round were e-commerce marketplace Snapdeal, which led it, JAFCO and …

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Indian food delivery service Inner Chef secures $1.7 million from Ukrainian, Russian and local investors

February 12, 2016

Inner Chef, an Indian adaptation of the US service Blue Apron, has raised $1.7 million from Kiev, Ukraine-based fund TA Ventures and several business angels. These include Boris Ryabov, managing partner of Russia-based venture fund Bright Capital, as well as Indian entrepreneurs Phanindra Sama, Vijay Shekhar Sharma, Anupam Mittal Vishal Gondal and others. Inner-Chef was launched …

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Report: Goldman Sachs invested $8 million in Russian flight ticket booking site Onetwotrip

March 2, 2017

Goldman Sachs invested $8 million in Onetwotrip.com, a Moscow-based startup that sells air tickets and hotel bookings to users from Russia and several European countries. The capital injection was not publicly announced when it  took place in late 2014, but it was revealed last week by Russian business daily Kommersant, which cited sources close to …

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Russian venture 2014 – The highlights

December 26, 2014

As a busy year draws to a close, RusBase has asked 10 Russian venture capitalists what they think were the most important events of 2014. Andrey Romanenko, Run Capital: “Considering that Run Capital was only founded in April, we think this year was a successful one. The most important event for us was our $6 million investment in …

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