In the middle of December, Russian internet search engine Yandex published a study that analyzed users’ queries to learn which people, events and phenomena stirred their interest the most in 2014. The Winter Olympics in Sochi came in first, followed by the events in Ukraine and Crimea, the Ebola epidemic, the change to wintertime (this fall Russia switched …
Last week Croice, whose mobile app allows you to create photo stories with a background audio, announced its first round of financing with $500,000 brought in by venture fund Imperious Group. Launched earlier this year by Russian entrepreneur Vadim Zhernov, the St. Petersburg-based startup presents its app as “a new media format.” The photo stories, named …
Croice secures $500,000 from Imperious Group to develop “new format of photo stories” Read More »
Russia’s Ministry of Economic Development has reacted negatively to the bill to ban cash equivalents, including electronic money, such as bitcoins. It said the proposed ban could hit major telecom operators, retailers and banks hard. The Ministry of Finance has developed a draft law on the introduction of responsibility for handling cash equivalents after President …
Yes to bitcoin! Russian ministry says quasi-money ban may endanger banks, retailers Read More »
As a busy year draws to a close, RusBase has asked 10 Russian venture capitalists what they think were the most important events of 2014. Andrey Romanenko, Run Capital: “Considering that Run Capital was only founded in April, we think this year was a successful one. The most important event for us was our $6 million investment in …
Last week, the lower house of the Russian parliament adopted amendments making personal data storage on domestic servers mandatory as early as September 2015 – instead of September 2016 as previously foreseen by legislation adopted this past summer. In October, Russian lawmakers had considered an even earlier deadline (January 1, 2015). However, the period allowed for compliance …
Personal data storage on Russian servers will be mandatory starting from September 2015 Read More »
Several key Russian tech companies are listed on Western stock exchanges. Among them are software development and service company Luxoft (NASDAQ: LXFT); Mail.ru Group (LSE: MAIL), the owner of Russia’s leading social network Vkontakte and of a range of other Internet properties; mobile operator MegaFon (LSE: MFON); payment operator QIWI (NASDAQ: QIWI); and Yandex (NASDAQ: …
A tech startup that is looking to make those hellish trips to the shoe store a thing of the past has won a grant of 15 million rubles (approximately $275,000 at the current exchange rate) from Skolkovo Foundation. Fitanny’s virtual shoe fitter compares your foot structure to the type of shoe you’re interested in, and then …
Virtual shoe-fitter wins 15 million ruble grant from Skolkovo Read More »
Several changes in the Russian e-Commerce Fashion market have transpired over the past year. This 90-slide industry report prepared by Yandex analysts covers these changes in detail. User interest in online shopping with the intent to purchase has increased by 16% in the last year in Russia. This major growth has offset falling interests in …
Russian e-commerce fashion industry report Q4 2014 Read More »
The founders of MaxTelCom believe their technology can bring fiber-optic networks to every apartment and office, which will boost the quality and speed of the internet by dozens if not hundreds of times compared to what we are familiar with today. The company plans to make its debut on the international market in 2015. The …
Russian startup aims to boost Internet speed significantly Read More »
Panasonic is set to open next year an R&D center in Skolkovo, the international tech hub under completion on the outskirts of Moscow. The agreement, signed in the presence of Russian Prime Minister Dmitry Medvedev and Shigeo Suzuki, CEO of Panasonic Russia, commits the Japanese firm to deploying at least 30 workers from its Russian representative …
Skolkovo signs R&D agreement with Panasonic, bolsters ties with Asia Read More »