Tatarstan

AliExpress Russia invests in regional marketplace KazanExpress

February 7, 2022

AliExpress Russia, a leading cross-border and domestic e-commerce platform in Russia, has invested in a major regional e-commerce company, KazanExpress, acquiring a 30% stake. The amount of the transaction was not disclosed but, in an exchange with Kommersant, KazanExpress co-owner Linar Khusnullin refered to an amount of “several billions of rubles” (dozens of millions of …

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Russian truck giant Kamaz aims to scout startups across the world

January 25, 2021

Kamaz, the Russian truck giant (part of the state-owned Rostec corporation), and Pulsar VC, an established Russian venture firm, announce an international startup scouting partnership focusing on mobility and IoT. The companies said they will “jointly search for new markets in the transport sector and attract investment in start-ups.” They may also consider “creating a …

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US health and beauty online giant iHerb plans to invest $100 million in Russia

October 16, 2020

iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100 million in this country in the next two years.  These investments are aimed to “improve the Russian customer services, support and expand product export by Russian manufacturers, [develop] partnerships with Russian logistics companies, expand in-house technology development center operations, and build …

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Kaspersky purchases additional stake in Russian cloud solution provider

July 22, 2020

Moscow-based Kaspersky Lab, one of the world’s top cyber security vendors, has increased its stake in New Cloud Technologies (NCT) from 29.5% to 47%, the Kommersant business daily reported. These shares were sold by company founder Andrey Cheglakov. Kaspersky acquired its initial 29.5% stake in May last year. Launched in 2013 — now with offices in Moscow, St. …

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In Russia’s regions under lock down, digital permits could expose citizens to mass data leaks

November 12, 2020

At least 21 autonomous republics and regions of the Russian Federation are setting up digital permit systems to enforce self-isolation rules: with a few exceptions, anyone who wants to leave their home in those regions needs or will need an official permission. These regional governments are using one and the same application: “Gosuslugi Stop Coronavirus,” …

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Top Russian and foreign players “looked into the future” in industry forum in Kazan

April 29, 2019

Earlier this month the Russian Venture Forum took place in Kazan, bringing together leading venture capitalists, business angels, development agencies and tech entrepreneurs from Russia and abroad. This year, the main theme of the forum was “Venture Market of Russia – A look into the future.” Among participants in the plenary session were Vasily Belov, …

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Russian drone maker attracts €1 million

February 23, 2017

Aviasolutions (“Aviaresheniya” in Russian), a manufacturer of industrial drones based in Kazan, Tatarstan, has attracted around €1 million from undisclosed individual investors. The deal was reported last week by Russian online publication Firrma.ru. Thanks to this capital injection, the company will start small-scale manufacturing of ‘FLYP,’ their latest industrial drone model for commercial purposes as pilot projects …

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Organisation of Islamic Cooperation teams up with Russia’s IT Park to launch startup accelerator

December 9, 2016

IT Park, a major Russian tech park, has announced the launch of the ‘OIC Startup Platform’ with the support of the Secretariat of the Organisation for Islamic Cooperation (IOC). The initiative is also supported by Oxademy, a UK-based online business education provider operating in eight countries, and Selet, an educational initiative in Tatarstan. The acceleration …

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Skolkovo and RVC to launch new venture funds

December 7, 2016

The Skolkovo Foundation will set up three venture capital funds to provide additional sources of funding for startups, said its president Victor Vekselberg in late October at the Open Innovations forum. Funded by the Russian government, the Skolkovo Foundation manages the completion of an international tech hub on the outskirts of Moscow. “Now we’re creating a daughter …

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Russian teenager’s venture fund gives hope to child entrepreneurs

August 3, 2016

Denis Shelestov, a 17-year-old schoolboy from the small town of Elabuga in Tatarstan, already has several successful startups under his belt. Now he has launched the investment company Shelest Ventures with Kazan business angel Ramilem Ibragimov. All of the company’s $15,000 are partners’ personal money, and Denis plans to invest it in startups created by other children. Shelestov believes children can create …

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Tatarstan tops ranking of innovation-friendly Russian regions

July 16, 2016

The Russian Regional Innovative Development Ranking is compiled by the Higher School of Economics – based on social and economic conditions for innovative activity, science and tech potential, innovation activity and innovations policy in the regions. Tatarstan knocked Moscow off the top spot in the rating for the first time since 2008. The Russian capital …

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100 startup entrepreneurs and investors from Islamic countries to meet in Kazan, Russia (May 15-21)

May 5, 2016

From May 15 to 21 Kazan, the capital of the Republic of Tatarstan, approximately 800 km east of Moscow, will host its second ‘OIC Youth Entrepreneurship Forum.’ The event will attract young entrepreneurs from member states of the Organisation of Islamic Cooperation — of which Russia is an Observer state. The organizers aim to “identify and …

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