Last week, Russian Internet marketing company ALTWeb Group announced the creation of its venture arm ALTWeb Capital, which will focus on pre-seed and seed stage investments of up to $400,000. The fund is seeking to invest, in particular, in SaaS solutions, as well as in Internet marketing and advertising services.
In what is being touted as a crackdown on cyber-extremism and banned information that may be harmful to children, the Russian government has opened a portal listing outlawed websites. The portal, which has been dubbed the Unified Register, will be temporarily run by the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications (Roskomnadzor). The …
Online register lists banned web content as controversial legislation comes into force Read More
Launched just one month ago, Yandex.Garderob – a special section of Yandex’s e-commerce marketplace that aggregates offers from online fashion retailers – claims it has reached a daily audience of 70,000 to 75,000 users. Considering these figures a success, Yandex intends to launch similar aggregators for other product categories such as jewelry and other lifestyle-related …
Vimpelcom will sell several of its emerging market businesses in Africa and Asia as part of a rationalization of its global telecoms operations. The group intends to focus on more mature markets such as Russia and Italy, which make up about 70% of its business, the Financial Times reported on Monday. However, Vimpelcom will retain …
Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also known in Russian as RII-board – has enjoyed the support of RVC and Rusnano, two state-owned organizations …
Ninety startups trade shares electronically through IPO Board Read More
Once again this year, the annual IDCEE conference held in Kiev on October 18th and 19th attracted an impressive array of Internet oriented investors, startup entrepreneurs, and professionals of all kinds from far beyond Ukraine and the neighboring countries (see videos). A rare phenomenon in such events, investors – coming from all parts of Europe …
Kiev’s IDCEE attracts investors from USA to India; Russian startups win top prizes Read More
Onetwotrip.com, a Russian air ticket booking site launched less than 18 months ago, announced last week that it has received a $16 million capital injection from international venture fund Atomico. The funding comes as a complement to the $9 million invested last month by Phenomen Ventures, a fund established earlier this year by Russian tech …
Bashkortostan, a sizable region in the Volga area, is developing its own IT park. “We’re drafting an IT park concept and we already have a business plan,” said Boris Melkoedov, the region’s minister of telecommunications. “The region is also in talks with federal authorities over the inclusion of our project in the Russian techno-park development program.” …
The Novosibirsk region of Siberia will create its own electronic cluster, Rossiyskaya Gazeta reported earlier this month. The planned facility will include significant production capacity for the manufacture of next gen electrical current sources based on a combination of supercapacitors and classical lithium-ion or other storage battery technologies. The facility will also reportedly manufacture products …
Looking for a fitness instructor, plumber, or hairdresser? Need an appointment with a doctor or want to hire a performer? You will probably find the professional or small business you need using one of the eight service marketplaces of Eruditor, a startup that claims to have served 300,000 users since its launch in 2007. “Eruditor’s …
Intel Capital and Runa Capital invest $4 million in personal service aggregator Eruditor Read More
KupiVip Holding, the owner of the largest online fashion shopping club in Russia, has raised $12 million from Warsaw-headquartered MCI Management, a multi-stage technology private equity group operating in Central and Eastern Europe. The investment will be used for various purposes, KupiVip stated, from “further development of order fulfillment capacities to business growth, with the …
Russian HORECA software publisher iiko has finally secured the funds it had been seeking for nearly one year. The funds have been provided by Russian tech fund Leader Innovations, Russian business daily Vedomosti reported on Monday, citing the iiko’s General Director Roman Abramov. The $10 million investment will be released in two tranches, including $6 …
Restaurant software publisher iiko raises $6 million for international expansion Read More
