Finance

Sberbank and Interros Group conclude blockchain-based forex repo deal

December 6, 2018

Sberbank, Russia’s largest banking institution, and Interros Group, a Moscow-based private equity firm, have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reported last week. Head of global markets department and vice president at Sberbank, Andrei Shemetov, informed Reuters that the transaction is real, legally binding, and has been “concluded in electronic format using a …

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Ozon needs “more than $200 million” to remain in the running for e-commerce leadership

December 3, 2018

Ozon, one of the leading Russian e-commerce companies, intends to raise several hundreds of million USD in equity next year to support new investments in logistics and IT. As these plans were aired in the Russian media by the company’s general director Alexander Shulgin, an unnamed source told Kommersant that Ozon wants to raised “more …

Ozon needs “more than $200 million” to remain in the running for e-commerce leadership Read More

ITI Funds raises $5 million to make alternative and crypto assets more accessible to investors

November 28, 2018

Last week, ITI Funds announced that it attracted $5 million from two major investment firms, Moscow-based Da Vinci Capital and Paris-based Mantra Investment Partners, and unnamed private investors. Established in 2015 and registered in Guernesey, ITI Funds defines itself as “a modern buy-side intermediary, advisory and asset management” company. The firm has launched 10 funds, some of …

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Report: Venture investment grew to $262 million in Russia in H1 2018

February 4, 2019

RB Partners, a Moscow based M&A, corporate finance and VC advisory, has just released the English version of its bi-annual review of the Russian venture market. The report includes a selection of articles from East-West Digital News which illustrate the industry trends in the first half of 2018. The period was marked by a certain stability, note …

Report: Venture investment grew to $262 million in Russia in H1 2018 Read More

Sberbank, NSD and MTS complete full-cycle bond deal on blockchain

November 28, 2018

Earlier this month Sberbank, Russia’s leading banking institution, and MTS, a major mobile operator, completed successfully a full-cycle security deal using smart contracts – from bond issue to full execution of the issuer’s obligations to the investor. The MTS commercial bonds were organized and purchased by Sberbank’s corporate and investment banking business.  Their nominal cost  – …

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US startup with Russian roots seeks to develop ‘space delivery’ business

November 26, 2018

Momentus, a US startup founded by Russian entrepreneur Mikhail Kokorich, wants to offer in outer space the same services that DHL and FedEx provide on Earth, but with multi-million dollar ‘packages.’ The company plans to move satellites from one orbit to another one. Momentus is planning to use the funds to launch its Vigoride rocket, …

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German Westwing sells Russian e-commerce business to Elbrus Capital

November 27, 2018

Westwing, a German e-commerce company selling furniture and designer home accessories, has sold to one of the funds of Elbrus Capital its subsidiary covering Russia and Kazakhstan. This full acquisition was closed in mid November, Elbrus Capital Senior Partner Dmitry Kryukov told Russian business daily Kommersant. The amount of the transaction has not been disclosed, but in …

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Sistema Asia injects additional capital in Indian fitness startup HealthifyMe

November 22, 2018

Just nine months after the completion of a $12 million Series B round, HealthifyMe, a leading e-health and fitness platform in India, has raised an additional $6 million as an extension of that round. As reported by the Indian media, the round has involved Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, …

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Renova subsidiary acquires digital mining solution provider Vist Group for $30 million

November 19, 2018

Zyfra, a Renova subsidiary that develops IIoT and AI industrial solutions, is to fully acquire Vist Group, a 28-year-old developer of solutions for digital mining, metal and other enterprises. Zyfra will spend 2 billion rubles (around $30 million at the current exchange rate) on the acquisition, according to Vedomosti, which cites exchanges with representative of both companies. Implemented …

Renova subsidiary acquires digital mining solution provider Vist Group for $30 million Read More

S8 Capital acquires Price.ru, Rambler & Co seeks new focus

November 21, 2018

S8 Capital, a diversified Russian holding, is to acquire Price.ru, a property of Rambler & Co. In an exchange with East-West Digital News, S8 Capital confirmed that it will fully acquire Price.ru in a transaction that will be completed next year. The amount of the deal has not been disclosed, but business daily Kommersant cited “a source close …

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Crimea considers creating blockchain infrastructure for international investors to avoid sanctions

November 20, 2018

The authorities of Crimea, a Black Sea peninsula which has been disputed between Russia and Ukraine since 2014, are considering creating a new international blockchain technology training center. Such a center would teach “specialists from countries under sanctions how to use new technologies to attract foreign investors,” Roman Tkachenko, the president of the Crimean Republican Association …

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Ru-Net rebrands to RTP Global, launches new $200 million fund with a focus on India

November 19, 2018

In late October Ru-Net, one of the most established Russian tech funds, announced its rebranding to ‘RTP Global.’ The move was presented as “reflecting the success of [its] US-based arm RTP.VC and [its] evolution to a globally focused venture capital firm.” Ru-Net was founded in 1999 by Russian billionaire Leonid Boguslavsky, a software engineer in Soviet times who later …

Ru-Net rebrands to RTP Global, launches new $200 million fund with a focus on India Read More

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