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Runa Capital leads $3 million round in US startup LendingRobot

80 Comments / Banking technologies, Finance, International, News, Payment & banking technologies, Startups, Venture / Private equity / By

Earlier this week Seattle-based startup LendingRobot completed a $3 million funding round led by Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco. Club Italia Investimenti II also participated in the round along with individual investors, but the amount of their respective contributions was not disclosed. An automated investment service for online lending, LendingRobot claims to serve more than …

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US high tech and payment firms blacklist Crimea

72 Comments / Crimea, International, Legal, News, Policy making, Regions & cities / By

Russia’s absorption of the Crimea region in early 2014 continues to be a source of friction between Washington and Moscow. The issue was illustrated recently by several US firms which cut ties with the disputed territory altogether. Due to sanctions placed on the region last year by the US authorities, which include an export ban of …

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Siberian high tech company teams up with Singapore’s HaxAsia to launch local “fund-accelerator”

1 Comment / Finance, Incubators & technoparks, International, News, Regions & cities, Startups, Tomsk, Venture / Private equity / By

Just one year after Russia saw the launch of its first hardware-oriented accelerator, DI Group, a Tomsk, Siberia-based high tech group, has launched a “venture fund-accelerator” targeting startups in the fields of smartphones, electronics, gadgets and Internet projects. The acceleration program of up to six months encompasses the industrial design and the marketing aspects of each …

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Yandex and CTC Media sink to record as Goldman says sell

60 Comments / Capital markets, Finance, Internet, News / By

Yandex NV (YNDX) sank to a record in New York after Goldman Sachs Group Inc. cut the stock to sell, forecasting a 31 percent drop in the Russian Internet company’s earnings this year as a weaker ruble dissuades advertisers from increasing spending. The shares slumped 8.7 percent in New York to $16.41, the lowest since the company’s U.S. …

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Elbrus Capital acquires minority stake in realty classifieds group Cian

187 Comments / Finance, Internet, M&A, News, Online classifieds, Venture / Private equity / By

Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market. The deal included both the sale of existing shares and a subscription for new shares. The amount of the investment and the size of the …

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Russia’s media watchdog slaps site with warning over religious cartoon

89 Comments / International, Internet, Legal, Legislation & regulation, News, Online media / By

Russia’s media watchdog has issued a warning to an online news site for publishing a religiously themed caricature that lampooned “one of the faiths,” despite an appeal to avoid such cartoons in the wake of the Charlie Hebdo attack. In line with Russia’s law on extremism, the caricature published by the Respublika news site was seen “to incite various sorts of enmity,” a spokesman for the Roskomnadzor media watchdog, Vadim Ampelonsky, …

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Skolkovo startups fly to India

Events & contests, Incubators & technoparks, International, News, Regions & cities, Skolkovo / By

Following President Vladimir Putin’s visit to New Delhi in December, 15 IT companies from Skolkovo, the international tech hub under completion on the outskirts of Moscow, will travel to India next month, reports the Skolkovo Foundation. The companies will take part in IndiaSoft, a major industry conference and B2B networking event organized every year to bring …

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Supply Chain & Fulfilment 2015 Congress: Join Tesco, John Lewis, Travis Perkins, ShopDirect.com to discuss solutions

67 Comments / E-Commerce, Events & contests, Internet / By

With e-commerce sales in Europe estimated at over £130 billion in 2014, one of the biggest challenges this fast growing sector is facing is how to adapt their e-commerce and omni-channel supply chain and fulfilment operations to meet rapidly changing customer delivery expectations. To help with this, leading retailers including Tesco Group, John Lewis, Travis …

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Sergey Podkin of Boxberry on cross-border sales: “The volume of deliveries is falling, but this will not lead our market to catastrophe”

67 Comments / E-Commerce, International, Internet, People / By

Over the past few years Boxberry, a relatively new player on the Russian e-commerce shipment market, has been developing a competitive offer for deliveries and customs clearance from the USA and Europe to Russia. The company specializes in express cargo – sending packages worth up to 1,000 euros and weighing up to 31 kg. Part of …

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