Qiwi and Citymobil invest $500,000 in delivery service Today Delivery

This past summer payment operator QIWI and mobile taxi booking service Сitymobil  invested $500,000 in Today Delivery, a crowdsourced e-commerce delivery company. The deal has just been revealed by Russian startup blog Firrma.ru. The startup was valued at several million US dollars, a Today Delivery representative told Firrma.ru, without disclosing further details. Today Delivery presents itself as analogue of UberRUSH: “The …

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A Russian-American startup shines at Helsinki tech fair

Astro Digital, a startup created by Ekaterina Kotenko-Lengold, won second place in the startup competition at Slush, which is a major event in northern Europe for innovators and developers interested in attracting international investors. “I’ve always been interested in the space industry and wanted to apply space technology to everyday life,” Kotenko-Lengold, a graduate from the Skolkovo Institute of Science and …

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Russia’s 19 mobile ad networks

This year Russia is home to over one-third of mobile phone users in Central and Eastern Europe (CEE), according to eMarketer, with more than 105 million people in Russia owning at least one mobile phone and use it at least once per month. Thalamus, a leading crowdsourced database of ad vendor data, has just released its research on …

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Google to appeal Russian antitrust authorities’ ruling on Android

Googe will contest in court a ruling by Russia’s antitrust agency that it broke competition law by abusing its dominant position with its Android mobile platform, the U.S. technology company said earlier this week, according to Reuters. In September, in a case launched by local competitor Yandex, the Federal Anti-Monopoly Service (FAS) said Google had violated …

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ChefMarket.ru raises $5 million, targets $1 billion valuation “in 5 to 7 years”

Moscow-based food delivery startup ChefMarket.ru has just raised $5 million at a $25 million valuation from its existing shareholders, including AddVenture and the startup’s founder and CEO Sergey Ashin. ChefMarket offers home delivery of food products based on recipes from renowned Russian and West-European chefs. The concept is close to that of Western startups Blue Apron …

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Balkan Venture Forum invites Russian startups to participate in its 7th edition

Balkan Venture Forum (BkVF), one of the most influential Balkan event on innovation and entrepreneurship, cordially invites Russian startups to participate in its 7th edition which will take place in Zagreb, Croatia on December 3-4, 2015. Aiming to showcase top innovation startups to regional and global investors, the event will feature pitching sessions and exceptional networking …

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Russian medical technology startups meet US investors, universities and industry players in Philadelphia

Even though the relations between the two powers have reached historic lows, US-Russian cooperation in scientific and technological fields is still partly alive. Thus the US-Russia Innovation Corridor (USRIC) — a cooperation framework created in 2013 by American Councils as part of the EURECA program — announced today that five medical technology startups from Russia traveled to …

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Report: Mobile banking, online trading and POS terminals increasingly exposed to cybercrime

Group-IB, a Moscow-based cybercrime investigation company operating globally, has just published its 2015 report on cybercrime trends in Russian and beyond. Analyzing the situation in Russia and the former Soviet Union, Group-IB’s analysts expect the following trends to play out in the next six months: Mobile users are increasingly exposed to cybercrime  Following the growing penetration of mobile …

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OneTwoTrip raises $4 million in funding from Vostok New Venture

OneTwoTrip, the Russian travel booking website operating in Russia, Europe and CIS, has secured $4 million in fresh funding from Vostok New Ventures. The deal was disclosed in the nine-months report of the Swedish fund. Launched in 2011, the startup offers online booking of flight tickets and hotels. The startup raised $25 million in two rounds from Phenomenon Ventures and Skype …

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Telegram is the “new hot thing among jihadists,” says cyber security expert

When ISIS terrorists want to hide what they’re saying, they are increasingly turning to an app called Telegram. It’s “the new hot thing among jihadists,” said Laith Alkhouri, director of Research at Flashpoint Global Partners. Telegram, an international instant messenger founded by Pavel Durov in 2013, boasts two layers of encryption and claims to be “faster and more …

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Russian MP proposal to block Telegram after Paris attacks garners little support

A proposal from State Duma Deputy Alexander Ageyev to block the instant messaging service Telegram in Russia following Friday’s terror attacks in Paris garnered little support on Monday. The instant messaging service was reportedly used by the terrorists. Communications Minister Nikolai Nikiforov said blocking the service because it was popular among Islamic State militants would be …

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Marchmont Capital Partners CEO Kendrick White: “Russian universities need to maximize the value of their intellectual property”

Kendrick White, director of Marchmont Capital Partners, an investment advisory firm, has worked in Russia for 22 years. In 2013, the US businessman was appointed vice rector for innovation policy at the Lobachevsky State University of Nizhny Novgorod (UNN), a position for which he was suddenly dismissed in June 2015. White now helps Russian inventors find common ground with …

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