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Tiger Global Eyes Investment in Russia’s Weather.com, Gismeteo

Files under: News, Web 2.0
Posted by: admin @ 10:11 [9. 05. 11]

Weather.com for Russia, Gismeteo.ru is the largest Russian weather information website in terms of number of visitors. Gismeteo, which has 12 million unique monthly visitors, generated revenues of $3 million in 2010, recently wrote Forbes.ru. The private equity firm Tiger Global, which is an investor in both Mail.ru Group and Yandex, is in talks to invest in Gismeteo.ru, according to Forbes. The new funds can be invested into Gismeteo own network of weather data collection stations in Russia.

Launched in 1998, Gismeteo.ru is operated by Moscow-based weather information company Map Maker (Мэп Мейкер). Map Maker was founded by Yuri Shmelkin and two other persons in 1994.

Gismeteo.ru provides weather forecasts and maps for hundreds of Russian locations and major cities around the world. The site sells banner ads directly and via ad selling agencies.

In spite of ranking Gismeteo.ru as #1 site for search query “Погода” (“Weather” in Russian), Russia’s largest search engine Yandex signed with Finish weather company Foreca last month to provide forecasts and maps for its weather service Yandex.Pogoda.

MapMakers recently released Gismeteo app for iPhone, the free (or Lite) version of which is ranked #1 in Weather category in App Store in Russia, Kazakhstan and other Russian-speaking countries.

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