The average American knows about Buzzfeed, Home Depot, and Vimeo; their sites are gaining about as much traffic in the US as Yandex.ru, which most Americans wouldn’t recognize. According to the most recent results from SimilarWeb, two major Russian websites Yandex and Vkontakte ranked in the top 100 US websites for 2014. Vkontakte, Russia’s leading social …
Anews, an international global news-reading service with a built-in behavioral advertising network, has received $2.7 million from TMT Investments, Run Capital, 101 Startup and several individual investors. As reported by Rusbase, TMT Investments and Run Capital each invested $1 million, in exchange for minority stakes in the company. “With its strong team, with a wealth …
News aggregator Anews raises $2.7 million for further international expansion Read More »
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 …
Runa Capital leads $3 million round in US startup LendingRobot Read More »
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 …
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 …
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 »
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, …
Russia’s media watchdog slaps site with warning over religious cartoon Read More »
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 …
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 …
Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, has invested in startups Moovit and Boxed. Moovit is an Israeli app which helps users to plan journeys on public transport, and Boxed is a US app for wholesale buyers. Moovit monitors levels of traffic and the schedules of different forms of public transport in …