Search Results for: ru-net

Online event solution startup TimePad secures investment from Target Ventures

Earlier this month TimePad, a Moscow startup that offers e-ticketing services and other online tools for event organizers, secured an investment from Target Ventures. Since the acquisition of an initial stake earlier this year, the fund has injected $1 million in total into the startup. Founded in 2008 with the help of HSE Inc., the …

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Naspers acquired stake in Russian kids goods online store Esky.ru

This past February the South-African media group Naspers acquired a 30.7% stake in eSky.ru, a Russian online retailer of children’s goods. The transaction, which amounted to 200 million South African rands (approximately $20 million), has just been made public in the group’s latest financial report. Esky.ru operates in one of the most dynamic areas of Russia’s e-commerce market. …

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Ozon receives giant funding from AFK Sistema and MTS

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

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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Forbes identifies Russia’s top 10 venture capitalists

Last week, the Russian edition of Forbes released a list of 10 top Russian venture capitalists whom it identified as being “the most successful.” In the last four years, these investors have earned approximately $3.6 billion from mainly Internet-related projects. The ranking uses the same methodology as American Forbes for The Midas List, the global …

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Children’s goods online retailer Babadu.ru contends for market leadership after raising sizeable venture investment

In late August, Babadu.ru, an online children’s goods retailer, secured an investment of “a few million US dollars” from Target Ventures, a Russian fund that invests in the consumer goods industries. The funds will be used to strengthen the company’s existing projects and launch new ones, so that the company can reach a “leading position” …

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Almaz Capital invests in US big data solution provider and launches new $102 million fund

Almaz Capital Partners, one of the most established Russian venture funds, has discretely launched a second fund with $102 million under management. No noisy announcement was made, but the news was reported in late July by the financial press and the fund’s Crunchbase page has been updated correspondingly. “Our first fund has exhausted its capital. …

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iTech Capital invests in SEM agency iContext

Russian venture fund iTech Capital announced last week its investment in iConText, a leading independent provider of search engine marketing (SEM) services. The transaction amount has not been disclosed, but the fund stated that it acquired “more than 25%” of the company. Founded in 2002, iConText focuses on pay-per-click (PPC) campaigns. Among its 650 clients …

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New Russian high tech fund to invest up to $20 million in startups across the globe

In a new illustration of the vibrant activity of the Moscow venture scene, Maxim Shekhovtsov and Alexander Zhurba – founders of TexDrive, one of the city’s largest startup accelerators – announced last week the creation of a fund dedicated primarily to IT projects in Russia and around the world. Christened Genezis Capital, the fund actually …

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Ventech, Kite Ventures and Ru-Net fuel Moscow startup for “Russia’s first e-commerce love brand”

Last month Moscow-based fashion retailer Trends Brands announced it had raised $4 million in a Series B round. The amount includes $3 million from French venture fund Ventech and $1 million from Ru-Net and Kite Ventures, two Russian funds operating internationally, a source close to the deal told East-West Digital News. Ru-Net and Kite Ventures had …

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Enter.ru and E5.ru: A Westerner’s online shopping experience

I recently had an opportunity to make a personal test of Enter.ru’s shopping experience. Using their website was pretty easy, as was the process of creating an order. As is common for Russian e-commerce companies, they offer a wide range of payment and delivery options. The website even allows shoppers to enter orders without registering their …

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