Asserting its leadership in the fast-growing Russian e-commerce market, Ozon.ru confirmed yesterday the full acquisition of leading online shoe and accessory retailer Sapato.ru for an undisclosed amount, partly paid with shares. Ozon’s intentions had been revealed earlier this month when the Russian antimonopoly authorities gave their green light for the deal.
Finam Capital, the venture arm of the largest Russian brokerage and investment holding, will invest $10 million to deploy a special version IM+ in Russia. IM+ is a popular instant messenger made by German mobile app publisher Shape. Shape and Finam will create a joint venture in which the latter will own a minority, non …
SaaS website security services provider StopTheHacker announced earlier this week that it received $1.1 million in initial funding from public and private investors including Runa Capital, a Russian early-stage venture capital firm, and Brian NeSmith, former CEO of Bluecoat. StopTheHacker’s proprietary, patent-pending technology helps solve web-scale security problems involving malware on websites, hacker attacks and other types …
Runa Capital invests in US website security startup StopTheHacker Read More
Representatives of Hulu.com, including its Senior Vice President of International Affairs, Johannes Larcher, visited Moscow last week to meet representatives from the Russian online video and movie industries, Russian business daily Vedomosti reported on Friday, citing unnamed sources. The Hulu representatives were inquiring about the current state of the Russian online video market, its key …
Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …
Online hotel booking service Oktogo.ru secures $10 million Read More
EPAM Systems Inc., a leading global software engineering and IT consulting firm with development centers across Central and Eastern Europe, completed its initial public offering of common stock successfully on Tuesday. The company raised $72 million by selling 6 million shares at $12 each, 67% of which were offered by selling stockholders. The company had …
Next month’s 2012 CeBIT fair will feature a brand new global innovation contest called CODE_n. Short for ’Code of the New’, the contest aims to seek out and promote the world’s most innovative startups involved in the development of new business models for the internet or mobile devices. Six Nordic and four Russian startups have …
Nordic and Russian finalists at CeBIT’s CODE_n innovation contest Read More
Skolkovo, the state-supported innovation hub under completion near Moscow, comes to the UK on Feb. 14 and 15. Organized by UK Trade & Investment and the UK Science and Innovation Network, the roadshow will provide “100 UK companies and organisations with an opportunity to discuss Russia’s ambitious future plans and funding opportunities for joint projects with …
Fiber-optic telecommunication provider Transtelecom (TTK) is preparing to launch cable TV services next spring in several Russian regions. “We don’t focus on one technology exclusively,” news agency RIA Novosti quoted TTK President Artem Kudryavtsev as saying. “Depending on the local situation in each region, we may use analog cable TV as well as the digital …
Heverest.ru, a Moscow-based online retailer of sports and recreational equipment launched by Fast Lane Ventures in June 2011, has attracted a new investment of $4.3 million – just three months after securing $1.3 million in financing. The total investment in this startup now comes to $6.7 million. eVenture Capital Partners, the venture arm of the …
Heverest.ru secures new investment – from mystery financiers Read More
Sberbank, the Russian national savings bank, announced on Friday the creation of a $100 million venture fund to finance growth stage startups developing IT solutions for the financial industry. “Not only will the fund invest in Russian startups, it will support the most promising innovation anywhere in the world,” the bank’s press release states.
Last week, Yandex, the Russian company that dominates the domestic search market, announced a partnership with Skype to promote their respective services among their users, news agency RIA Novosti reported. Users dowloading Skype software will be prompted to install a Yandex search bar add-on on their web browser and make Yandex their default search engine. …
Yandex and Skype to support each other on the Russian market Read More
