Skolkovo, the state-supported innovation hub under completion near Moscow, comes to the UK on Feb. 14 and 15. Organized by UK Trade & Investment and the UK Science and Innovation Network, the roadshow will provide “100 UK companies and organisations with an opportunity to discuss Russia’s ambitious future plans and funding opportunities for joint projects with …
Fiber-optic telecommunication provider Transtelecom (TTK) is preparing to launch cable TV services next spring in several Russian regions. “We don’t focus on one technology exclusively,” news agency RIA Novosti quoted TTK President Artem Kudryavtsev as saying. “Depending on the local situation in each region, we may use analog cable TV as well as the digital …
Heverest.ru, a Moscow-based online retailer of sports and recreational equipment launched by Fast Lane Ventures in June 2011, has attracted a new investment of $4.3 million – just three months after securing $1.3 million in financing. The total investment in this startup now comes to $6.7 million. eVenture Capital Partners, the venture arm of the …
Heverest.ru secures new investment – from mystery financiers Read More
A new player on the Russian venture scene, iTech Capital has attracted capital from a variety of prominent Russian IT businessmen. Its first investments, in late 2011, went to play marketing site The Battle Of Brands and to Giftofoni, an innovative social gifting app launched on the Turkish-language segment of Facebook. In this exchange with East-West …
Sberbank, the Russian national savings bank, announced on Friday the creation of a $100 million venture fund to finance growth stage startups developing IT solutions for the financial industry. “Not only will the fund invest in Russian startups, it will support the most promising innovation anywhere in the world,” the bank’s press release states.
Last week, Yandex, the Russian company that dominates the domestic search market, announced a partnership with Skype to promote their respective services among their users, news agency RIA Novosti reported. Users dowloading Skype software will be prompted to install a Yandex search bar add-on on their web browser and make Yandex their default search engine. …
Yandex and Skype to support each other on the Russian market Read More
A total of 4.5 million Twitter accounts had been created Russian users as of January 1, 2012 – a three-fold increase over the 1.5 million recorded a year earlier – according to a recent study by Semiocast, a Paris-based social media research company. This number puts Russia currently in 20th place on Twitter’s gobal map, the …
The Russian venture capital firm Troika Ventures, the first institutional investor in Evernote, has decided to sell its stake in the California based IT company. Founded in 2007 by a Russian-American team, Evernote offers a range of computer, phone and web-based tools designed “to remember things big and small from your notable life.” The startup has signed up 20 million …
Troika Ventures exits Evernote at 10 times original price Read More
DST Global, Russia’s leading IT fund with stakes in Facebook, Groupon, Twitter, Zynga and other top global web properties, has bought a 4% equity stake in online fashion store Zalando, The Financial Times reported yesterday. DST is joining current shareholders Rocket Internet, Holtzbrinck Ventures, Tengelmann Ventures and Kinnevik.
Mountain View, CA – Ecwid, Inc., producer of the world’s first platform-neutral, drop-in store builder widget, announces a partnership with website builder Yola to provide its e-commerce solution to Yola’s customers.
Russia’s national telecom operator Rostelecom yesterday announced that its wholly-owned subsidiary, Teleset Networks, has invested 682 million rubles ($22.5 million) to take a 75% minus one share stake in GNC-ALFA, the largest independent Internet and data provider in Armenia. “This is the first acquisition outside of Russia that we have concluded as part of our …
Rostelecom acquires majority stake in Armenian Internet and data provider GNC-ALFA Read More
Russian e-commerce giant Ozon.ru is considering the aquisition of online footwear retailer Sapato.ru, having received the green light from the antimonopoly authorities on February 1st. Ozon has not yet made a final decision, and is also considering other acquisitions, the company’s PR manager Maria Nazamutdinova told Russian business information site Marker.ru.
