Search Results for: ru-net

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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Groupon Russia sold to Ru-Net for free, renamed ‘Frendi’

August 25, 2016

Ru-Net, the venture fund of Russian billionaire Leonid Boguslavsky, did not spend a single dollar to acquire Groupon Russia in April of this year, Interfax wrote last week, citing Groupon official information. This acquisition took place in April. Ru-Net intends to “stimulate the company’s growth and make it more profitable” with plans to develop across Russian regions …

Groupon Russia sold to Ru-Net for free, renamed ‘Frendi’ Read More

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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Russian funds invest $15 million in US company GridGain to “revolutionize real-time data access and processing”

May 29, 2017

Last week US-based GridGain Systems announced that it raised $15 million in a Series B funding round led by Sberbank, Russia’s national savings bank, and MoneyTime Ventures. The latter, a Moscow-based fund, manages Sberbank’s international venture arm SBT Venture Capital. Almaz Capital, an international fund with Russian roots, and RTP Ventures, the New York City-based venture arm of …

Russian funds invest $15 million in US company GridGain to “revolutionize real-time data access and processing” Read More

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 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 …

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

Russian funds invest in German companies Cuponation and Nestpick

February 9, 2016

Ru-Net, a major, internationally-oriented Russian fund, has just participated in a ‎€10 million Series B financing round for Cuponation, a Germany-based discount platform. Rocket Internet, Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventures, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank and Columbia Lake Partners have also participated in the round in undisclosed proportions. Cuponation collects all available …

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Local search and city navigation service 2GIS secures $40 million to expand in Russia and internationally

February 11, 2016

Bold enough to compete with the mapping services of Yandex and Google, 2GIS, a Novisibirsk, Siberia-based company, has raised $40 million from two major investment funds, Baring Vostok Capital Partners and Ru-Net. Launched in 1999 and now developing across three continents, 2GIS (pronounce “double giss”) is one of the least known but most remarkable Russian technological firms. The …

Local search and city navigation service 2GIS secures $40 million to expand in Russia and internationally Read More

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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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 …

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

Children’s goods online retailer Babadu.ru raises $2.9 million from IIDF

December 26, 2018

Earlier this month Babadu.ru, a children’s goods online retailer, secured a $2.9 million investment from the Internet Initiatives Development Fund (FRII in Russian). A $200 million seed stage investment fund launched last year, FRII usually invests smaller amounts at earlier stages. However, the fund has been eyeing the online children’s goods market for a long time – one …

Children’s goods online retailer Babadu.ru raises $2.9 million from IIDF Read More

Ru-Net teams up with Sequoia and Sofina to invest in Indian mobile recharge platform FreeCharge

December 13, 2015

Russian venture fund Ru-Net has participated in the $33 million funding round of FreeCharge, a leading Indian mobile recharge platform, reported local tech publication Trak.in. Belgium-based Sofina and existing investor Sequoia Capital also took part in the deal. The new round of funding will be used for marketing and building an advertising platform that will …

Ru-Net teams up with Sequoia and Sofina to invest in Indian mobile recharge platform FreeCharge Read More

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