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Archives for the 'News' Category

Travel Meta-Search Momondo And Oktogo.ru To Partner For Russian Hotel Booking

Files under: News
Posted by: admin @ 17:00 [6. 02. 12]

The pan-European travel meta-search engine Momondo has partnered with Oktogo.ru, the leading Russian travel and hotel booking site, reported newspaper Kommersant. Oktogo.ru will power Momondo‘s search results with hotels from its database. The Russian online hotel booking market reached $1 billion last year. In early 2011, Oktogo.ru received $5 million from European venture capital investors. [...]

Kaspersky Lab To Purchase General Atlantic’s Stake In The Company

Files under: News
Posted by: admin @ 07:28 [4. 02. 12]

Europe’s largest antivirus company, Kaspersky Lab, will buy back the company’s shares held by the investment firm General Atlantic as well as the shares of some individual shareholders. Kaspersky Lab will use profits accumulated over the past years for a share repurchase, it announced. The company will cancel the repurchased shares. Kaspersky Lab will rull [...]

Troika To Make Over $50M, or 10 Times, From Investment In Evernote

Files under: News
Posted by: admin @ 10:35 [3. 02. 12]

Troika, which is now owned by Russia’s largest bank Sberbank, has returned ten times money it invested in Evernote three years ago. Troika Ventures sold its stake in Evernote to the expansion round backer Sequoia Capital, announced Troika

DST to Acquire 4% of Zalando, “Zappos of Europe”

Files under: News
Posted by: admin @ 09:15 [3. 02. 12]

The major investor of Zynga, Twitter and Facebook, DST of Yuri Milner from Russia has invested into Zalando, a pan-European online shoe store of Rocket Internet. The German Samwer brothers who have launched Zalando via Rocket Internet business incubator in Berlin also invested into the round. DST will obtain a 4% stake in Zalando as [...]

OZON to Acquire Sapato.ru Online Shoe Store?

Files under: News
Posted by: admin @ 09:57 [1. 02. 12]

‘Amazon of Russia’, OZON has received an approval from the Federal Antimonopoly Service (FAS) of the Russian Federation to acquire online shoe store Sapato.ru, according to the FAS’ web-site. To finance an acquisition, OZON can use proceeds of $100 million round that it raised from Ru-Net, Rakuten, Alpha Associates and Index Ventures last September. Launched [...]

Yandex to Partner with NAVTEQ For Global Online Maps

Files under: News
Posted by: admin @ 05:59 [30. 01. 12]

How to stop your online user going to a competitor’s service? To provide the same one on your own. According to Finland’s ArcticStartup, Russia’s leading search engine and search-related advertising company Yandex has partnered with Nokia‘s NAVTEQ by licensing its global digital maps for Yandex.Maps (Яндекс.Карты). The monthly audience of Yandex.Maps is over 14 million, [...]

Russian Venture Capital Firms Invest Abroad

Files under: News
Posted by: admin @ 01:26 [18. 01. 12]

In spite of massive market opportunities in Russia, some of the major venture capital firms from Russia made select investments abroad in fall 2011. Those VC firms include Almaz Capital, Runa Capital, RTP Ventures and VTB Capital. RTP Ventures, the U.S. arm of ru-Net group of Leonid Boguslavsky, made early-stage investments in four U.S.-based companies such [...]

Top 10 Russian Web Startups of 2011

Files under: News
Posted by: admin @ 06:21 [22. 12. 11]

In September 2011, Russia became the largest Internet market in Europe with 51 million online users. Who are the top emerging internet companies that disrupt the Russian market. Find out below a list of top 10 Russian web startups of 2011. 1. Oktogo.ru Having raised $5 million in venture capital from European early-stage investors, Oktogo.ru [...]

Tiger Global To Invest $25 Million In Russian Coupon Leader Biglion

Files under: News
Posted by: admin @ 03:07 [21. 12. 11]

Tiger Global Management has invested some $25 million in the leading Russian coupon service Biglion, reported newspaper Vedomosti. Previously, Biglion raised funding from Ru-Net of Leonid Boguslavsky. Launched in March 2010, Biglion offers coupons to 7 million users in more than 50 cities of Russia as well as in Kiev, Ukraine. Its annual turnover is [...]

Christmas Time Is Here: Sochi 2014 Online Shop Opens For Business

Files under: News
Posted by: admin @ 06:39 [19. 12. 11]

Just in time for Christmas the Sochi 2014 online shop has been launched. The internet shop sells apparel, souvenirs, toys and school & office supplies with the symbols of Sochi 2014 Winter Olympics. The most interesting items include the Sochi 2014 Olmpic mascots: white bear, hare and snow leopard as well as Khokhloma souvenirs: matryoshka [...]

Siberian startup Questli to raise Swiss VC money from Redalpine

Files under: News
Posted by: admin @ 04:01 [16. 12. 11]

The Russian startup Questli, which offers iPhone and Android app and browser-based quest games, has raised a new funding from Zurich-based venture capital firm Redalpine and private investors from Switzerland and Germany. Questli was founded by CEO Danila Kozyatnikov in April 2011 with Redalpine‘s funding of CHF 200,000. Quest.li has a software development team in [...]

Online Shopping App Creator Ecwid Raises $1.5 Million From Runa Capital

Files under: News
Posted by: admin @ 15:44 [14. 12. 11]

The Russian early-stage venture capital firm of Serguei Beloussov, Runa Capital has invested $1.5 million in Ecwid, according to both companies (via Yandex.News). Ecwid offers an online shopping application to sell goods on your own web-site or social network. Launched in September 2009, Ecwid has over 100,000 registered accounts. Ecwid (E-Commerce Widgets) offers SaaS-based online [...]

Kaspersky-Headed InfoWatch To Acquire Cynapspro

Files under: News
Posted by: admin @ 06:47 [6. 12. 11]

The acquisition of Cynapspro by InfoWatch is folded into a recent trend when a Russia-based software company acquires a Russian-founded international software company. First, LANIT purchased e-book publishing software vendor Evident Point. Then, Yandex acquired mobile software developer SPB Software. Now, the German-based endpoint data protection software company cynapspro is purchased by InfoWatch, a spin-off [...]

Mobile UI Maker SPB Software Is Acquired By Yandex

Files under: News
Posted by: admin @ 08:21 [28. 11. 11]

The leading Russian search engine and contextual advertising company Yandex has made its largest acquisition to date. Yandex said it acquired SPB Software, maker of the world’s most popular paid mobile application, SPB Mobile Shell. The acquisition price is ca. $38 million. Build on SPB UI engine, SPB Shell 3D will become a foundation on [...]

LANIT To Acquire Evident Point Software

Files under: News
Posted by: admin @ 12:31 [15. 11. 11]

The developer of e-book software and firmware Evident Point has been acquired by LANIT, leading Russian IT group. Evident Point recently released e-book publishing platform Active Textbook. Previously, Evident Point developed software for Apple, Microsoft and Sony. Founded in 1995, Evident Point Software Corp. is headquartered near Vancouver, Canada with a software development team in Moscow, [...]

It’s Official: Russia Has The Highest Internet Usage In Europe

Files under: News
Posted by: admin @ 08:43 [14. 11. 11]

Russia has become the market with the largest online audience in Europe. In September 2011, Russia had 50.8 million unique visitors. Russia overtook Germany with 50.1 million unique visitors and France with 42.3 million unique visitors per month, according to comScore. Russia is now officially the market with the highest number of unique visitors online. [...]

Here comes HockeyBird from Angry Birds creator Rovio

Files under: News
Posted by: admin @ 14:07 [12. 11. 11]

Angry Birds‘ cousin HockeyBird has been named the official mascot of the 2012 IIHF Ice Hockey World Championship. The championship, which is the biggest annual winter sports event worldwide, will be held in Helsinki, Finland and Stockholm, Sweden in May 2012. The hockey playing bird, Hockey Bird was designed by Toni Kysenius and Rovio Entertainment, [...]

CapMan to Acquire 29% of Lumex Instruments in Russia

Files under: News
Posted by: admin @ 05:08 [11. 10. 11]

The Finnish private equity firm CapMan, which manages Russia-focused fund CapMan Russia Fund L.P., has invested an undisclosed amount in exchange for a 29% equity stake in Lumex Instruments, a leading Russian analytical instrumentation company. CapMan Russia also plans to increase its ownership in Lumex to 44% during the next year. The founding shareholders of [...]

Nginx Raises $3 Million from BV Capital, Runa Capital and MSD Capital

Files under: News
Posted by: admin @ 00:50 [11. 10. 11]

Russian-developed Nginx web server software company Nginx Inc. has raised $3 million in Series A equity funding from BV Capital, Runa Capital and MSD Capital of Michael Dell, the company announced today. The venture capital investors obtained less than 40 percent stake in the company, reported newspaper Vedomosti. BV Capital from Germany was the lead [...]

WPP To Acquire Promo, Pioneer of Digital Marketing Services in Russia

Files under: News
Posted by: admin @ 04:47 [4. 10. 11]

The global marketing communications group Ogilvy & Mather, part of WPP, has agreed to acquire a majority stake in Promo, a Moscow-based digital marketing services agency. Founded in 1997, Promo specialises in creating internet, mobile and multimedia campaigns for a variety of clients in Russia including Gazprom, LG and MTS. Promo reported revenues of ca. [...]

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