Goldman Sachs announced on Tuesday that it has pulled out of a role as lead bank on an initial public offering by Megafon, one of Russia’s top mobile operators, scheduled for Nov. 1 simultaneously on the London and Moscow stock exchanges. According to the Financial Times, the Goldman’s decision followed recent statements by Megafon’s main …
Goldman Sachs walks away from Megafon’s imminent IPO Read More
The third Global Innovation Partnership forum (GIP 2012) finished its work in Moscow last week. During the forum, venture investors from Asia Pacific Region (APR) studied Russia’s potential in the field of innovation and discussed with their Russian colleagues specific lines of further cooperation, investment opportunities in high-tech projects as well as joint efforts to develop …
OSMP, Russia’s leading operator of cash payment terminals under the Qiwi brand, announced earlier this week a new offer for e-commerce sites. Not only can online retailers now benefit from a specially adapted interface, ads for e-commerce sites can be displayed while users complete common cash payment operations. Cash payment terminals have become popular in …
Qiwi aims to turn cash payment terminals into a ‘front office’ for online retailers Read More
Baring Vostok Capital Partners announced last week that it has put together a new $1.5 billion private equity fund – Baring Vostok Private Equity Fund V, or BVPEF V – which now stands as the largest in Russia’s private equity business. The new fund is generally expected to follow in the strategic footsteps of its …
Once a remote hinterland in terms of foreign investment, Russia is now emerging as a hot destination for investors looking for a slice of the action on the digital frontier. The recent Landing Page conference organised by Digital October Center for Geeks on a Plane (GOAP) participants, Russian VCs and entrepreneurs was a perfect example …
ttgLabs, a Russian software startup with a focus on development and optimization of HPC software, is announcing the pre-release version of the TTG Apptimizer toolkit. This software dramatically facilitates the optimization of computationally-demanding applications on graphics accelerators and heterogeneous HPC systems enabling the developers to easily work around the most tedious tasks of programming for …
A breakthrough in application autotuning technologies for heterogeneous HPC systems Read More
As major online booking sites deploy millions of venture dollars in a fight for leadership, a startup founded just three months ago is bringing a fresh concept to the Russian online travel market. iknow.travel collects, supports and encourages primary social networking among travelers. Users can discover interesting destinations based on the actual traveling experiences and …
Russian Internet users experiment with social traveling Read More
While visiting Russia for the first time earlier this week, Facebook’s founder paid a visit to Prime Minister Dmitry Medvedev after meeting with local IT companies – including search giant Yandex – and technical teams. A high tech aficionado, Medvedev – who served as Russia’s President for four years before becoming Prime Minister last March – personifies …
Mark Zuckerberg visits Moscow, tries wooing Russian programmers to California Read More
Runa Capital, a Moscow-based fund operating internationally, announced earlier this week that it has invested $1.2 million in Domosite.ru, a Russian startup that develops solutions for utility services management companies. The terms of the deal were not disclosed. Domosite.ru addresses a market of approximately 30 million households in Russia. Its solutions are intended for the …
Utility services management startup secures $1.2 million from Runa Capital Read More
Bright Capital, the international venture investment arm of Russian billionaire Mikhail Abyzov, has invested “from $3.5 million to $4 million” in exchange for a minority stake in Fotoshkola.net, RBC Daily reported earlier this week, citing unnamed sources in the venture industry. When contacted by East-West Digital News, however, Bright Capital declined to confirm the figure …
Bright Capital funds fotoshkola.net for international expansion Read More
Russian venture fund Aurora Venture Capital has invested 30 million rubles, or a little less than $1 million, in Apartama.ru, a Moscow-based online retailer of furniture, house appliances and interior design items. The deal was reported yesterday by Russian news agency RIA Novosti, citing Aurora’s Managing partner Vsevolod Topolyansky. The terms of the transacton were …
Aurora invests $1 million in 3D interior design startup Read More
A Moscow court on Monday condemned the film “Innocence of Muslims” as “extremist” – citing a 2002 law regulating public expression – and has forbidden its dissemination on the territory of the Russian Federation. The court’s decision, which has not yet been announced officially, was revealed on Tuesday by Minister of Communications and Mass Media …
‘Innocence of Muslims’ banned in Russia; YouTube under judicial threat Read More
