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Russian-founded food delivery services make their way in western markets

June 21, 2021

In this second coronavirus spring, Russian-founded food delivery services are making their way in western countries. One of them is Getfaster.io, a German fresh product retail and delivery company launched in 2020 by former X5 executive Dmitry Bergelson alongside with Georgy Skalsky, Kirill Solonitsyn and Anton Zakharov.  After starting operations in Düsseldorf in January 2021, the company …

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VK announces group calls for more than 2,000 simultaneous participants

May 18, 2021

Starting from this summer, VK (Vkontakte) users will be gather up to 2,048 people in group calls — “an unprecedented number for a social network,” according to Mail.ru Group, the owner of VK.  The new feature was announced on May 17 by VK Technical Director Alexander Tobol at the Highload++ conference. “For most services, the number …

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Russia’s central district deploys smart vehicle tracing system to “improve road safety and retrieve stolen cars”

May 18, 2021

A “unified end-to-end system for intercepting and tracing vehicles” is being deployed on the roads of a huge region of Russia: the Central Federal District (CFD), which spans across 650,200 square kilometers.  Dubbed ‘Web’ (Паутина), this software platform is connected with road traffic operational services, allowing the authorities to trace and analyze “the movements of …

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A new wave of funds: Russian investors assert themselves on the domestic and global markets

May 21, 2021

The Russian venture scene is tiny, but vigorous: several new funds were announced over the past few weeks, targeting a variety of sectors and geographies, sometimes with very specific approaches.. 10 billion rubles for Russian tech startups One of these new funds was announced by TealTech Capital, a PE/VC firm owned by Yury Alasheev, Andrey Ivashchenko and Andrey …

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This fast-growing delivery startup from Southern Russia raises millions to challenge market leaders

May 12, 2021

Earlier this month Russian delivery service Broniboy raised 100 million rubles ($1.35 million at the current exchange rate) at a 3 billion ruble valuation ($40 million), reports Rusbase.  This fast-growing company, which already operates in six Russian cities including Moscow, raised 130 million in a previous round, and plans to attract an additional 800 millions rubles next year.  …

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Apple challenges $12 million fine in Russian court

May 11, 2021

Apple has filed a lawsuit against Russia’s Federal Antimonopoly Service (FAS), challenging a $12 million fine. The Moscow Arbitration Court has accepted the claim and scheduled a preliminary hearing for June 21.  On April 27, the FAS fined Apple 906 million rubles (around $12 million) for abusing its dominant position in the apps market.  According to a previous …

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Car-sharing service “for the people” launches in Moscow and St. Petersburg

May 10, 2021

The Moscow Department of Transport has launched a car-sharing platform, which it says is similar to US service Turo.  Currently in test mode with 100 participants, the app is available on the App Store and Google Play. Dubbed Ruli (‘Drive’), this new service allows individuals to rent their car when lying idle on parking lots. Through the …

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Sber chairman concedes “complex problems” with Mail.Ru, but dismisses divorce rumors

April 30, 2021

Sber and Mail.ru Group are not on the brink of divorce, said Sber’s chairman Herman Gref in a media interview last week, dismissing repeated rumors and reports. Gref conceded that “complex problems” do occur with Mail.Ru, since their respective ecosystems partly intersect, but “we have very good relations and do find solutions.”  There is less …

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Yandex and Tinkoff announce fintech acquisitions

April 30, 2021

Two acquisitions were announced yesterday in the Russian fintech space. Yandex, the NASDAQ-listed digital major, agreed to fully purchase Acropol Bank. The deal, which is still subject to regulatory approval, amounts to 1.1 billion rubles (approximately $14.7 million).  “The strategic rationale for the transaction is to obtain a banking license required to develop the Yandex fintech vertical and launch comprehensive …

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Russia now makes its own AMD B450 motherboards

April 29, 2021

Russia’s CS Group and Philax have just unveiled their first B450 motherboard, ready to take AMD Ryzen CPUs, making “at least” 40,000 motherboards and 50,000 monitors.  Russia wants to lessen its reliance on securing products internationally, so making them in-house is the first step with the introduction of the new B450-based motherboards and 50,000 monitors …

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Russian agroindustrial major GrainRus invests in international foodtech fund

April 29, 2021

GrainRus, a Russian importer and producer of raw materials for the brewing and dairy industry, has become a limited partner (LP) of a Hong Kong and US-based foodtech fund.  Lever VC was launched in 2018 to invest in the alternative protein space. Its team includes early investors in Beyond Meat, Impossible Foods, Memphis Meats and other …

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