Finance

Sistema’s venture arm invests in Indian credit startup

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, is one of the main investors in a $30 million funding round for Indian e-credit startup Kissht. Singapore’s Vertex Ventures SEA (Temasek Holdings) has co-led the round, which also involved existing investors, Indian funds VenturEast and Endiya Partners, and China’s Fosun RZ Capital. Founded …

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Mitsubishi Corp. and Mail.Ru Group invest in car selling site Autospot

September 15, 2018

Mitsubishi Corp. and Mail.Ru Group have invested $4.1 million in car selling site Autospot, in exchange for a 21% stake in the company – setting the company’s post-money valuation at $19.1 million. The news was reported by the business daily Vedomosti based on exchanges with Autospot’s general manager Dmitry Andreev. Autospot allows its users to buy a …

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Russia’s SimpleFinance secures $15 million from Japanese fund SBI

September 14, 2018

SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, has agreed a $15 million equity investment deal with the Japanese fund SBI FinTech Business Innovation Fund LPS. The fund’s total capital commitment to SimpleFinance now stands at nearly $50 million, taking into account a first round of funding just one year ago. Launched in 2015, SimpleFinance offers …

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Dostavista raises $2 million from Russian and US funds

September 12, 2018

The Russian crowdsourced courier service Dostavista has secured $2 million — one year after a previous round of funding — from its existing investors, the Russian VC funds Buran Venture Capital and AddVenture, and FJ Labs, a New York based investment firm founded by Fabrice Grinda and Jose Marin. The news was reported yesterday by business daily …

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Alibaba and Mail.Ru Group join forces to create “one-stop platform for social, communications, gaming and shopping”

October 15, 2018

Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) today announced a “strategic partnership” that encompasses such a wide area as e-commerce, social media, online entertainment and communications combined. The agreement aims to leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a …

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AddVenture leads $8 million round for South Korean home cleaning startup Miso

September 8, 2018

AddVenture, a venture fund with Russian roots operating internationally, has led an $8 million Series A round for Miso, a South Korean home-cleaning service app. Also participating in the round, but with undisclosed contributions, were Y Combinator, Strong Ventures, Social Capital, and FundersClub, according to CrunchBase. Miso was the third startup from South Korea to participate …

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Sistema’s Asian venture arm invests in Indian health product marketplace

September 15, 2018

Sistema Asia Capital, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, and Cambodian investment holding company Tanncam, have invested for the second time in Indian healthcare startup Netmeds. As reported by Techiexperts, they have just participated (with undisclosed contribution) in a $35 million Series C round which also involved Daun Penh Cambodia Group …

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Russian ride-hailing startup conquers America with a few million (not billion) US dollars in capital injections

August 31, 2018

inDriver, a ride-hailing app with Russian roots now operating internationally, has just raised $10 million from its historic investor, Leta Capital. Born in 2012 in Yakutsk, Siberia, this startup has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. An …

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Moscow-based “funtech incubator” invested in 20 companies in one year

August 29, 2018

The Moscow-based investment firm FunCubator has invested 35 million rubles ($550,000) in PlatformaVR, a Russian VR-oriented game publisher. The deal was closed in April and publicly announced earlier this month. The funding will be used to create new content as well as for PlatformaVR’s international expansion. The startup has “one of the strongest teams in …

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Swedish investor VNV invests $4 million in Busfor

February 15, 2019

Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4 million in the Eastern European online bus ticketing platform Busfor. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …

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House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok

August 20, 2018

The Russian house-call doctor service DOC+ has secured $9 million in a round led by Swedish fund Vostok New Ventures VNV), with participation from existing shareholders Yandex and Baring Vostok Capital Partners. The deal, which took place in the second quarter of this year, according to the VNV’s latest financial report, was reported in details yesterday by …

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Russian-founded startup raises $5.7 million to help crowdworkers and data scientists work together

August 14, 2018

Dbrain, a startup that “turns raw data into real-world AI,” has just raised $5.7 million from Angelvest and Bitfury Group. Two distinct deals were closed in late July, the startup’s press service told us: an equity and a private token sale, of $3 million and $2.7 million respectively, with a group of cryptocurrency traders contributing to the token sale. …

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