DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.
Russia’s state-own nanotechnology giant Rusnano launched an online catalog of nanotechnology based products last week. The site, solutions.rusnano.com, has been unofficially dubbed “the nanotechnologies internet shop” by the Russian media after an expression used in Rusnano’s own press release.
Mobile discounter Tele2 Russia has announced a program to turn over 25% of its 450 mobile shops in Russia into fully-fledged retail outlets selling mobile services. Of Tele2’s existing 450 stores, 120 are to be transformed into ‘supermarkets’ by the end of 2011. Tele2 has been pilot-driving its ‘cellular supermarket’ concept since the end of …
LiveJournal.com, a global online community and blogging platform, registered its five millionth Russian-speaking user, according to an announcement made this Monday by SUP, the Russian media company that acquired the platform in 2007.
RUSNANO has announced its investment partnership with SiTime Corporation, an American company, for the development of electronic components for microelectromechanical systems (MEMS) for use in sensors, computing and telecommunications equipment.
Recent changes to Russia’s tax legislation will allow companies to issue and transfer electronic documents to counterparties and state authorities. In line with this, the Ministry of Finance recently published a draft order to regulate the procedure by which companies issue and receive electronic invoices.
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.
Mail.ru Group, the top Russian Internet group, has released Target, its new synonymously named targeted advertising tool with enhanced ability to reach users of Odnoklassniki and MoiMir, its two major social networks.
A few months after the first mass market GLONASS+GPS car navigation devices appeared on the Russian market, supply has been rising rapidly and prices have started to fall. Two navigators, the Lexand SG-555 and the Explay GN-510, were introduced fewer than two weeks ago by their producers, Lexand and Explay, at the recommended retail prices …
Russian GPS+GLONASS car navigator market hit by price war Read More
Speaktoit, a Russian mobile and Internet chatbot developer, and PiratePay, an antipiracy startup recently awarded grant funding from Microsoft, have been included on the Red Herring Top 100 Europe listing this year.
Utinet.ru, a major Russian online retailer specializing in notebooks and other electronic goods, has set early July as the target for its planned IPO on the MICEX stock exchange in Moscow, according to Mikhail Ukolov, the group’s Managing partner speaking on an online conference organized last week by Finam, a leading Russian financial company. This …
Parallels Research, an international research center owned by Parallels, announced last week it has received a 150 million ruble grant ($5.3 million) from the Skolkovo Foundation for cloud computing research and development. The research center will get another 150 million rubles from its parent company Parallels.
