Buran Venture Capital, a Moscow-based, internationally-oriented venture fund, appears to be among the backers of Shazam, which raised $30 million this past January in a funding round that valued it at over $1 billion. While the other investors are still unidentified, the Russian fund revealed yesterday that it contributed $8.5 million in the round.
Ulmart, Russia’s leading e-commerce company, confirmed today its plan to go public next year in a yet-to-be-determined Western stock exchange, the company’s chairman and co-owner Dmitry Kostygin told Russian business daily RBC. Ulmart is thus considering raising $1 billion or more in exchange for 25% of the company’s shares. Advisers for the IPO could be …
Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016 Read More »
Much speculation appeared today in the media following Google’s decision to move about one hundred of its engineers from its Russia office to other locations. A major US site thus suggested that Google’s move could be related to the “changing climate in Russia [which] may lead more Internet companies to move their operations to other …
Google shuts down engineering office in Russia: Much ado about nothing? Read More »