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Mail.Ru buying spree: New investments in gaming and edtech

October 8, 2021

This week several new investments by Mail.ru Group, the LSE-listed Russian Internet giant, were reported. In the field of online education: Lomigor, a Cypriot subsidiary of the LSE-listed Russian Internet giant, purchased a 45% stake in Preprep.ru LLC, the startup behind exam preparation platform Tetrika. The transaction, which took place in September, was just revealed …

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Yandex, MTS, etc.: Oleg Tinkov reportedly holding parallel talks to sell his online bank

October 15, 2020

The sale of Tinkoff Bank to Yandex is far from certain, Russian online publication The Bell wrote yesterday, just three weeks after the two companies announced an “agreement in principle” on a $5.5 billion merger. Oleg Tinkov, the owner of the online bank, is also considering other buyers — in particular mobile operator MTS, or …

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Russia’s central bank considers launching digital ruble

January 27, 2022

On Tuesday the Bank of Russia released a consultation paper on the development of the digital Russian ruble, confirming plans aired previously. Dubbed ‘central bank digital currency,’ or CBDC, the digital ruble could become an additional form of money alongside cash and non-cash. “All three forms of the Russian ruble will be absolutely equal: 1 ruble in …

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Alibaba Group to launch cloud platform in Russia

October 15, 2020

Alibaba Group is preparing to launch in Russia its cloud platform, ‘Alibaba Cloud,’ reports Kommersant. According to the business daily’s sources, Alibaba has occupied more than half of the capacity in the IXcellerate data center, which can accommodate about 1,500 racks. According to another source, Alibaba needs the platform to support its growing businesses in …

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Russian retail self-service and payment startup raises $2 million to expand across Eastern Europe

October 14, 2020

Moscow startup Briskly has raised $2 million to finance its first international projects and strengthen its positions in Russia. Sberbank executive Maxim Poletaev and Gauss Ventures, a Cayman-based fund with Russian connections, are among the investors alongside an unnamed British venture fund and another private investor. Poletaev and Gauss Ventures already put $370,000 in the …

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Russian startup entrepreneur creates new mask against Covid-19

October 13, 2020

The transparent part of this mask  covers the entire face, protecting both the respiratory system and the eyes from the virus. This way users can see each other’s faces in full, along with all the expressions that are an integral part of normal conversation that were taken for granted prior to the pandemic. Oxima’s creator, Denis Medvedev, is …

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Smart city solution developer to receive up to $3.4 million from major corporate funds

October 13, 2020

Alphaopen, a Moscow-based developer of IoT solutions for smart construction, will receive up to 260 million ruble ($3.4 million) from two major corporate funds: Orbita Capital, the venture arm of state corporation Rosatom, and Veb Ventures (formerly VEB Innovations), which is backed by state development agency VEB.RF (Vnesheconombank). The startup will receive a first tranche of 130 million rubles, the second …

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Yandex acquires context ad platform K50

October 13, 2020

Yandex, the NASDAQ-listed Russian Internet giant, is acquiring K50. According to businesss daily Kommersant, this is a full acquisition and an exit for the company’s shareholders, which include the venture fund AddVenture Capital and the management. As a result of the deal, K50 will be able to scale up its business while Yandex advertisers will use …

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“Big Brother is feeding you:” Sber collects biometric data from school canteens to cafe chains

October 12, 2020

Sberbank — the state-controlled giant which recently unveiled a suite of new technology products and dropped the word ‘bank’ from its corporate branding — is compiling a database of Russian citizens’ biometric information. Little is known about how the project is progressing, but online publication The Bell believes it could potentially concern some 100 million users of …

“Big Brother is feeding you:” Sber collects biometric data from school canteens to cafe chains Read More

US health and beauty online giant iHerb plans to invest $100 million in Russia

October 16, 2020

iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100 million in this country in the next two years.  These investments are aimed to “improve the Russian customer services, support and expand product export by Russian manufacturers, [develop] partnerships with Russian logistics companies, expand in-house technology development center operations, and build …

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Mail.Ru buying spree: My.Games invests in 3 game studios in 3 weeks

October 12, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to LSE-listed Mail.ru Group, has just acquired a majority stake in Russian game publisher Deus Craft, reports Rusbase. MGVC intends to put up to $49.1 million to acquire 51.16% of the company, including an immediate payment of $14.1 million and potential additional payments totalling $35 million, depending on the …

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Intel-backed telemedicine service protects Russian medical workers from Covid-19

October 20, 2020

Lanit-Integration (part of the Lanit group) and Intel have developed and implemented a system for remote coordination and protection of medical workers in 39 clinics across Russia (as of August 2020). The technology — initially intended for industrial purposes — is based on ergonomic ‘smart glasses’ equipped with a video camera and a compact screen. …

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