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Social educational network Dnevnik.ru raises $5 million for international expansion

September 5, 2012

Runa Capital, a Moscow-based international venture fund, has invested $5 million in the educational startup at an undisclosed valuation. Dnevnik.ru was established in 2007 as a free, nationwide school network. The site currently serves 21,000 Russian and Ukrainian schools, attracting over 4 million pupils, parents, teachers, and school administrators – up 1 million in the …

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Lamoda receives giant funding from JP Morgan

September 4, 2012

Yesterday, Lamoda.ru, a major online fashion retailer, announced it has received an investment from J.P. Morgan Asset Management. Lamoda did not disclose the amount of this investment, nor its valuation. The capital injection amounted to somewhere between $40 million and $80 million, East-West Digital News learned from a source close to the company, making the …

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Russia to launch shock-resistant and water-resistant tablet computer

September 4, 2012

Last week, the Moscow Engineering and Physics Institute (MIFI) presented the prototype of the first Russian-made tablet computer to Deputy Prime Minister Dmitry Rogozin. The 10-inch wide device uses a specially designed operating system, named RoMOS (which stands for Russian Mobile Operating System), derived from Google’s Android platform. “The OS has all the functionality of …

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Social recruiting agency Pruffi.ru secures $1.2 million investment from Almaz Capital

September 3, 2012

Pruffi.ru, a headhunting agency that uses social networks to identify and hire professionals for the Russian Internet industry, has raised $1.2 million from Almaz Capital, a leading Russian venture fund. Almaz received a stake of “just under 30%,” Pruffi founder Alena Vladimirskaya told East-West Digital News. The funds will be used partly for international expansion, …

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Self-service video platform Virool secures $400,000 from TMT Investments

August 31, 2012

TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced yesterday a $400,000 investment in Virool. The Russian-American startup is developing a self-service video platform enabling video creators to target audiences across a network of online publishers, blogs, social games and mobile applications. The startup also offers an application that makes it easy for publishers …

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BT to work with Rostelecom to improve network reach in Russia

August 31, 2012

BT announced yesterday a new network interconnection agreement with Rostelecom, Russia’s national telecommunications operator. “The agreement will significantly improve BT’s ability to serve its corporate customers across all regions of Russia with its BT Connect portfolio of intelligent network services,” the British operator stated.

Government confirms full financing for Skolkovo

August 30, 2012

Dismissing rumors that state financing for Skolkovo might be reduced, the Russian Ministry of Finances confirmed earlier this week that the federal government’s total funding for the project will remain unchanged at 85 billion rubles (approximately $2.7 billion) between 2010 and 2015. This confirmation suggests that the Skolkovo project, which consists of building a world-class …

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Delivery Hero raises $49 million from Russian and Western funds

August 29, 2012

Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, announced yesterday it has secured a capital injection of $49 million from Kite Ventures, a Moscow-based venture fund operating internationally, and Kreos Capital, a leading European provider of growth debt and equity investment for high-growth companies. The round of funding has …

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Skolkovo represents Russia at Venice Arts Exhibition

August 29, 2012

At this year’s prestigious Venice Architecture Biennale, which opened Aug. 27, Russia will be represented exclusively by a team from Skolkovo, Russia’s world-class tech hub under completion and futuristic city-in-planning. Elena Shipilova of Russia Beyond the Headlines spoke to Grigory Revzin, member of Skolkovo’s architecture-planning council, about what Skolkovo hopes to achieve at the exhibition …

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Virgin Mobile considers LTE project in Russia

August 29, 2012

British entrepreneur Richard Branson is once again planning to launch his Virgin Mobile business in Russia. The announcement of a possible entrance for Virgin Mobile into the Russian market was made at the opening of the operator’s division in Poland. A source at one of Russia’s telecommunications operators anonymously disclosed that Virgin Mobile is intending …

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New technopark empowers Tatarstan startups “to conquer the world”

August 27, 2012

IT-Park, the technopark launched in 2009 in Tartartan’s capital city of Kazan, has opened a new 23,000 sq. meter branch in Naberezhnye Chelny, the second largest city in this autonomous republic of the Russian Federation. Rustam Minnikhanov, the president of Tatarstan, and Nikolai Nikiforov, the Russian Minister of Telecommunications and Mass Media, attended the opening …

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Apple goes wholesale in Russia

August 22, 2012

Apple has registered a local company, Apple Rus, to supply its products directly to retail chains in Moscow and St. Petersburg as soon as 2013. According to data from SPARK-Interfax, Apple Rus is 99.5 percent owned by Apple Holding B.V. with the remaining 0.5 percent belonging to Irish company Apple Distribution. The company’s charter capital …

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