Rostec, a major Russian tech corporation, has agreed to sell its 25.1% stake in mobile device maker YotaDevices to a consortium that includes Chinese companies Trinity World Management (TWM) and China Baoli. [Update Oct. 15, 2018: The deal was cancelled following a decision from the Hong Kong exchange authorities, as reported by Kommersant.] The deal, …
BlaBlaCar, the carpooling giant born in France, is consolidating its leadership on the Russian market with the acquisition of BeepCar, a competing service launched by Mail.Ru Group last year. The terms of the deals are expected to be disclosed in Mail.Ru Group’s next reports. BeepCar traffic will be redirected to BlaBlaCar “as of this autumn,” …
Mail.Ru Group surrenders carpooling activity to global leader BlaBlaCar Read More
Indian startup Faaso’s has just secured $15 million from an investor consortium that includes Sistema Asia Fund, one of the corporate venturing vehicles of the Russian conglomerate AFK Sistema, Ru-Net, an international fund led by Russian venture magnate Leonid Boguslavsky, as well as Sequoia Capital India, Lightbox and Evolvence India. The news was reported this morning by …
Two major deals in two months: Indian food delivery startups woo Russian VC billionaires Read More
Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov, has invested $750,000 in Australian car sharing platform Car Next Door. The news was reported last week by online publication VC.ru based on exchanges with fund representatives. Car Next Door defines itself as an online marketplace that provides a booking system and …
Oskar Hartmann and Igor Rybakov invest $750,000 in Australian car sharing platform Read More
Earlier this month RVC, the state-owned fund of funds supporting innovation in Russia, announced a new investment strategy. Aiming to stimulate VC activity in the country, which is still stands at relatively low levels, RVC intends to create 10 new funds until 2020, in addition to its existing 26 affiliated funds. Among these new investment tools will be “funds …
State fund of funds plans to create 10 new funds to stimulate VC activity Read More
State corporation Rostec and IT holding Citadel have announced an agreement to launch a joint venture which will create corporate IT products based on military developments in the field of information security. As reported by Russian business daily Kommersant earlier this month, the JV will mainly focus on cryptography, quantum calculations, machine learning, Big Data …
Rostec and Citadel to invest more than $60 million in IT security joint venture Read More
Last week the Internet Initiatives Development Fund (IIDF, or FRII in Russian), Russia’s biggest fund for early-stage startups, announced that it invested 200 million rubles (around $3.1 million at the current exchange rate) in the microcredit and factoring startup PimPay. The fund has received a minority share; no other details of the deals have been disclosed. The PimPay …
E-commerce SaaS publisher PimPay secures more than $3 million from IIDF Read More
Co-founded in 2012 by Maria Dokshina, Evgeny Gavrilin and Ruslan Tugushev, Russian crowdfunding platform Boomstarter is delving into the cryptosphere. The company has just announced that it “raised $1 million in early financing as venture funds and private companies join its ongoing token sale.” While still operating its classic crowdfunding site, Boomstarter.ru, the company now aims to launch “the first …
TCS Group Holding, a major provider of online retail financial services in Russia known as Tinkoff, has acquired a stake in leading ticket sales company Kassir.ru. Neither the size of the stake nor the terms of the transactions were disclosed. Kassir.ru’s existing personnel or existing operations will not be affected by the transaction, Tinkoff stated. Kassir.ru claims to …
Tinkoff acquires stake in ticket sales company Kassir.ru Read More
Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, and tech businessmen Grigory Gurevich and Evgeny Malakhov are joining forces to create a multi function platform for the Russian restaurant and food delivery market. The news was reported earlier this month by the Russian business daily Vedomosti, which cited exchanges with several of …
Sberbank and Rambler & Co to create multifunction restaurant and food service platform Read More
Russian asset management company Leader has teamed up with Shenzhen Capital Group to create a new tech fund. The news was reported yesterday by Russian business daily Kommersant, which cited exchanges with Leader and other sources with knowledge of the deal. Dubbed ‘Russian-Chinese Technological Fund’ (RCTF), the fund plans to invest $100 million in such fields …
Russia’s Leader and China’s Shenzhen Capital launch $100 million tech fund Read More
Tezis.io, a Russian startup that helps its users invest in stocks from Russian and US companies, has just secured some $1 million from Target Global Fintech Opportunities Fund (TGFOF) with participation from business angel Nikita Mikhin. Launched in 2016, Tezis currently claims to serve 6,000 individuals and as well as two Russian brokerage companies, Aton and …
Russian fintech startup Tezis.io secures $1 million, prepares for international expansion Read More
