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Yandex launches new AI-powered professional services

September 27, 2020

Yandex presented new AI ​​services DataSphere and SpeechKit Pro during the Yandex Scale conference , which runs from September 23 to 25.  DataSphere presents itself as “a service for ML development that combines the most popular tools and scalable resources for the full cycle of machine learning: from an experiment to the launch of a finished model.” It includes both a development environment and computing …

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New game features AI-driven Soviet-era policeman “with a precise moral compass”

September 24, 2020

‘Militsioner’ (what a policeman was called in the USSR and up until 2010) is a new indie game from Russian studio Tallboys, unveiled on Steam in July 2020. “Escape from the Giant Policeman before he catches you in this first-person open-sandbox game set in a mysterious world,” reads the project’s Steam page. The location is …

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Russian e-commerce leader Wildberries launches in Ukraine

September 24, 2020

On September 21 Wildberries, the number one retailer in Russia, launched sales in Ukraine. Customers can order goods with free delivery in the wildberries.ua online store as well as through the iOS mobile application. An Android app will be launched shortly. In addition to Russia and Ukraine, the company operates commercially in six countries: Belarus, …

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After parting ways with Sberbank, Yandex plans to buy Russia’s leading online bank

September 24, 2020

Yandex, the NASDAQ-listed Russian Internet giant, has agreed in principle with TCS group – controlled by Russian billionaire Oleg Tinkov – the acquisition of its online banking and financial services company Tinkoff. “The parties have come to an agreement in principle on a transaction that would consist of cash and share consideration worth approximately $5.48 …

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My.Games invests in Russian-founded studio Hypemasters

September 22, 2020

My.Games Venture Capital (MGVC), an investment firm affiliated to Mail.ru Group, and Aii Corporation, a Finnish VC firm, have teamed up to invest in a US-headquartered mobile games studio called Hypemasters.   “Under the new partnership, MGVC will provide marketing, HR, operations, and financial support to Hypemasters to drive the development of current and future titles,” …

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Fort Ross Ventures aims to invest $100 million across Russia and Eastern Europe

September 18, 2020

Just weeks after The Untitled announced plans to launch a new venture fund for Russia and Eastern Europe, Fort Ross Ventures, another Russia-connected VC firm, shared news about a similar initiative.  Dubbed ‘Fort Ross Seed Fund,’ the new venture vehicle is the third fund managed by Fort Ross, following SBT Ventures I and II. It …

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Swedish, Malaysian and French investors back Russian startups

September 20, 2020

Russian startup NaPopravku (“for cure”), an online service for medical appointments, has raised $2.25 million for further domestic expansion and mobile developments, reported industry publication Rusbase.  The investor pool includes the Russian investment holding Avenir, which has a variety of tech companies in its portfolio; the Swedish VC fund VNV, which is renowned for its …

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MTS corporate fund invests in financial app Coinkeeper

September 14, 2020

The corporate venture fund of MTS, a leading Russian mobile operator, is investing 125 million rubles (around $1.7 million at the current exchange rate) in personal finance app Coinkeeper. Coinkeeper claims 350,000 users all over the world whom it helps “make the right financial decisions” from expense forecasting, to advanced analytics, to the management of …

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Pilot blockchain system ensures integrity of crucial steps of the voting process – but authorities keep the last word

September 14, 2020

During three days, from Friday 11 to Sunday 13 September, voters from 83 Russian regions are being called to elect members of local parliaments and, in certain cases, regional governors as well as federal-level deputies. More than 9,000 local campaigns took place in what observers see as a key test for the country’s pro-Putin ruling …

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Russian e-commerce major Ozon posts record turnover growth as pandemic fuelled online shopping in Q2 2020

September 14, 2020

Last week Russia’s leading multi-category e-commerce platform, Ozon Group, announced its turnover rose to a record in the second quarter, as the global pandemic spurred more people to shop online. Turnover, or gross merchandise value (GMV), surged 188% year on year to 45.8 billion rubles ($611 million) in Q2 2020, Ozon said in a statement. In …

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The Untitled aims to raise €50 million to bridge Eastern European startups with Western Europe

July 14, 2021

The Untitled, a Russian venture firm established in 2013, is raising a new vehicle to invest across Eastern Europe with a focus on the former Soviet Union. With a €50 million target, the new fund will seek to invest at the seed and pre-Series A stages in such segments as B2B software, robotics, artificial intelligence, …

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Mail.ru Group and Sberbank invest again in food delivery

November 12, 2020

Mail.ru Group and Sberbank are increasing their stake in food delivery service Local Kitchen (‘Kukhnya na rayone’) through their joint venture O2O. After the acquisition of a 30% share in May for nearly $3.9 million, O2O is to own 84.7% of the company after deal completion scheduled for Q4 2020. Some of Local Kitchen’ services are …

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