Last week, AlterGeo came as the only startup from Russia and neighboring countries to be selected among the 30 finalists of the White Bull European innovation championship. “The applicants were incredibly strong this year. We’ve carefully selected this year’s finalists based on business proposition, market strategy, technological solutions and understanding of customer needs,” said White Bull …
Global Venture Alliance (GVA) and the Summa Group yesterday announced an agreement with leading California accelerator Plug and Play Tech Center to create Plug and Play affiliates across Russia and other former Soviet republics. Following the opening of the first Russian Plug and Play in Moscow last June, new accelerators will be created in Daghestan, …
GVA and Summa to launch Plug and Play accelerators across Russia and CIS Read More
Onetwotrip.com, a rising star in the Russian online travel market, has just raised approximately $9 million from Phenomen Ventures, yielding a minority stake to the fund. The startup’s valuation has not been disclosed, but the Russian business daily Kommersant reported it might have been in the range of $70 million. Onetwotrip was launched in May …
Air ticket booking site Onetwotrip secures $9 million from Phenomen Ventures Read More
Moe Izdanie, a Russian print-on-demand startup that launched less than one year ago under the Albooka brand, has announced plans to expand to EU countries through a partnership with DigiFoto, a leading German photo service company. Albooka mixes social networking, online editing, and print-on-demand services. Users can layout and edit virtual books and photo albums …
Russian print-on-demand startup teams up with Germany’s DigiFoto for European expansion Read More
Earlier this week, Mail.ru Group, a leading Russian Internet group listed on the London Stock Exchange, announced its acquisition of the Ukrainian webmail service ‘Mail.ua.’ Prior to the sale, the webmail service belonged to Internet Invest Group, Ukraine’s largest web hosting service provider. The price of the transaction was not disclosed, but Internetua.com, a Ukrainian …
Runa Capital, a Moscow-based international venture fund, has invested $5 million in the educational startup at an undisclosed valuation. Dnevnik.ru was established in 2007 as a free, nationwide school network. The site currently serves 21,000 Russian and Ukrainian schools, attracting over 4 million pupils, parents, teachers, and school administrators – up 1 million in the …
Social educational network Dnevnik.ru raises $5 million for international expansion Read More
Yesterday, Lamoda.ru, a major online fashion retailer, announced it has received an investment from J.P. Morgan Asset Management. Lamoda did not disclose the amount of this investment, nor its valuation. The capital injection amounted to somewhere between $40 million and $80 million, East-West Digital News learned from a source close to the company, making the …
Last week, the Moscow Engineering and Physics Institute (MIFI) presented the prototype of the first Russian-made tablet computer to Deputy Prime Minister Dmitry Rogozin. The 10-inch wide device uses a specially designed operating system, named RoMOS (which stands for Russian Mobile Operating System), derived from Google’s Android platform. “The OS has all the functionality of …
Russia to launch shock-resistant and water-resistant tablet computer Read More
The investment arm of VTB Group, a leading Russian state-controlled financial group, VTB Capital has financed a number of Russian and foreign small and mid-sized IT companies. In the e-commerce and related fields, VTB Capital owns stakes in Mobidengi, a leading mobile payment service provider and Oktogo.ru, a major online hotel booking service, in addition …
Pruffi.ru, a headhunting agency that uses social networks to identify and hire professionals for the Russian Internet industry, has raised $1.2 million from Almaz Capital, a leading Russian venture fund. Almaz received a stake of “just under 30%,” Pruffi founder Alena Vladimirskaya told East-West Digital News. The funds will be used partly for international expansion, …
Social recruiting agency Pruffi.ru secures $1.2 million investment from Almaz Capital Read More
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced yesterday a $400,000 investment in Virool. The Russian-American startup is developing a self-service video platform enabling video creators to target audiences across a network of online publishers, blogs, social games and mobile applications. The startup also offers an application that makes it easy for publishers …
Self-service video platform Virool secures $400,000 from TMT Investments Read More
BT announced yesterday a new network interconnection agreement with Rostelecom, Russia’s national telecommunications operator. “The agreement will significantly improve BT’s ability to serve its corporate customers across all regions of Russia with its BT Connect portfolio of intelligent network services,” the British operator stated.
