Good luck guys! Fresh off its insignificant $91 million IPO on NASDAQ, news is trickling in about Kayak.com’s ambitions in the Russian market. Stories on the web actually started breaking on July 19th, the day before the IPO, after the Quintura blog noted that Kayak.ru is forwarding to Kayak.com and identified the Russia & CIS …
A pioneer among foreign investors on the Russian venture scene, David Waroquier of Mangrove Capital Partners is a recognized expert of the local Internet ecosystem and a reference partner for several Russia-based ventures. He shared with East-West Digital News his vision of the fast-growing Russian online retail market, its challenges, and the possible exit scenarios for investors in this industry. …
VTB Capital, the venture investment arm of leading Russian state-controlled financial group VTB Group, has led a $18 million investment round in Fast Lane Ventures, a Western style Internet investment company operating in Russia. Investors from Fast Lane’s two previous rounds are also participating in the operation. They include eVenture Capital Partners and “some business …
Fast Lane Ventures secures $18 million in a round led by VTB Capital Read More
Mallstreet.ru, a Russian online retailer founded in 2009, secured an undisclosed investment from West European early-stage venture funds. The operation took place in the summer of last year, but was disclosed by industry blogger Yakov Sadchikov only last week. Among the investors are Kima Ventures, founded by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, …
MallStreet.ru funded by Kima Ventures, Amber Venture Partners and Fabrice Grinda Read More
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
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 …
Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …
Online hotel booking service Oktogo.ru secures $10 million Read More
Ostrovok.ru, an online hotel booking service launched in 2010 in Russia, has raised an undisclosed amount from Erik Blachfold, CEO of Expedia, Hotwire and Tripit founder Gregg Brockway and Altimeter Capital’s Brad Gerstner. This Series B round of financing comes six months after Ostrovok raised $13.6 million from General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well …
Hotel booking service Ostrovok.ru attracts new investment from US businessmen Read More
Ostrovok.ru, an online hotel booking service launched a year ago in Russia, announced yesterday it has raised as much as $13.6 million from leading international investors. Among them are General Catalyst Partners, AccelPartners, Founders Fund and Atomico Ventures as well as prominent business angels including Qunar founder Fritz Demopoulos, Yandex board member Esther Dyson, Zyngo founder Mark …
Ambitious Russian social games developer Pixonic has just closed its third round of financing, raising $5 million from Russia’s Kite Ventures, Ukraine’s Take Advantage Venture and France’s Ventech. Founded in late 2009, Pixonic has already launched over 30 games on 13 different social networks.
Moscow-based startup incubator Fast Lane Ventures has just launched Jizo.ru, a metasearch engine for airline tickets. Jizo.ru aggregates ticket information “from a myriad of sources,” says the company, including the booking systems of leading travel agencies, airlines and booking sites. Its simplified, uncluttered interface allows users to select airline tickets by two main criteria: date …
Fast Lane Ventures launches airline ticket search engine Jizo.ru Read More
You once said that you were in love with Russia. Please explain! To be in love means to believe and to be committed. We believe in Russia, in its entrepreneurs who are hungry for success. Some of them are very bold, like Oskar Hartmann (founder of leading online private shopping club KupiVIP.ru), Nikita Sherman (founder …
David Waroquier of Mangrove Capital Partners: Investing in Russia with “love” Read More
