After the birth of a child, a young mother needs to be in touch with a doctor practically all the time — to seek help in an emergency, for advice about the health of the baby, or even psychological support. One couple, who found themselves in a situation where they desperately needed assistance with their child, …
Dial-a-doc: How the Internet is revolutionizing medical care in Russia Read More
The Russian house-call doctor service DOC+ is announcing the completion of a $5.5 million Series B round involving Yandex, the Russian search giant, and Baring Vostok Capital Partners, a major Moscow-based investment fund. The two investors had already injected $5 million in the startup less than one year ago. The company’s first funding, in 2015, amounted to …
Yandex and Baring Vostok invest $5 million in house-call doctor service Read More
Russia’s Baring Vostok and Sweden’s Vostok Emerging Finance (VEF) have invested up to $20 million in two Russian startups: Sorsdata, which is developing a consumer marketing and analytics solution, and Revo Technologies, which offers a crowdsourced microcredit service for online consumers. The deal, which took place last month, was confirmed to East-West Digital News by Björn von Sivers of VEF. The Swedish …
Swedish and Russian funds invest in two Russian fintech startups Read More
Blablacar’s activity in Russia has reached a “phenomenal level,” said its co-founder and CEO Nicolas Bruisson in a recent interview with French business daily Les Echos. “Our concept is popular there, there was a demand but little competition,” Bruisson said. He expects Russia to become his company’s number one market, even before France, in 2017. The French …
Russia set to become Blablacar’s largest market in 2017 Read More
Busfor, an online bus ticketing and distribution platform based in Moscow, Russia, and Kyiv (Kiev), Ukraine, has just raised $20 million from private equity funds Baring Vostok Capital Partners and Elbrus Capital. Since its inception in Ukraine in 2010, the company — previously known as Gillbus — had received financial support from Intel Capital, InVenture Partners and FinSight in 2014, …
Busfor secures $20 million “to reinvent bus travel” across Europe and beyond Read More
BlaBlaCar, the Paris-based global ridesharing giant, will now take a fee from passengers for every booking in Russia and neighboring countries. Since the company launched in the area in 2014, passengers had enjoyed free access to book their trips. They only had to pay cash to the driver to share riding costs. Blablacar says that its approach is to …
French unicorn Blablacar is said to have raised €21.3 million euros from Baring Vostok, a leading Russian private equity firm. The news was reported this morning by Maddyness, an authoritative French tech blog. When contacted by East-West Digital News, Baring Vostok and Blablacar declined to comment on this information, but Maddyness told us that they had access to official …
Blablacar reported to have raised €21.3 million from Baring Vostok Read More
Russian search giant Yandex and private equity fund Baring Vostok Capital Partners have invested $5.5 million in DOC+, acquiring a minority stake in the company. The deal was revealed last week by Russian business publication RBC, based on exchanges with the startup’s co-founder Victor Belogub, and confirmed by the investors. The deal was led by Baring Vostok. …
Yandex and Baring Vostok invest $5.5 million in house-call doctor service Read More
Ulmart, a leading Russian e-commerce player, saw its revenues almost stagnate last year, with sales reaching just 62.7 billion rubles, up from approximately 60 billion rubles in 2014, including VAT ($1 billion and $1.3 billion, respectively). The company showed a “slightly positive” EBITDA, Ulmart’s chairman and key shareholder Dmitry Kostygin told Kommersant, a leading business daily, earlier this week. In an email …
Ulmart sees sales slow down amid the crisis but confirms western IPO plans Read More
French Tech, a government initiative which aims to to organize and promote French innovation globally, launched officially its Moscow branch on Monday. The opening ceremony took place in Skolkovo, the international tech hub under completion on the outskirts of Moscow, where French Tech Moscow has established itself. French economy minister Emmanuel Macron offered a brief speech …
French Tech launches in Moscow to bridge French and Russian innovation systems Read More
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 …
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 …
