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Badoo preparing for IPO

Files under: News, Web 2.0
Posted by: admin @ 04:53 [12. 11. 10]

Russian Internet enterpreneur Andrey Andreev, who created Russia’s leading online dating service Mamba, is aiming for a billion for his global social networking and dating service Badoo, according to site Forbes.ru. Badoo that shall generate revenues in the range of $200 million this year is preparing for IPO, the site says. Andrei Andreev, who sold [...]

Finam Ups Stake in Badoo to 20%

Files under: News
Posted by: Quintura @ 16:13 [17. 11. 09]

Russian financial group Finam has invested an undisclosed amount to exercise its option and increase its stake from 10% to 20% in global social networking site Badoo. In January 2008, Finam said it would make a $30 million investment in the site. Founded in 2006, Badoo has over 48 million users worldwide. The users come [...]

‘Russian LinkedIn’ Founders To Score Big With “Closed World” (MirTesen)

Files under: News, Web 2.0
Posted by: Quintura @ 16:20 [3. 03. 08]

The Russian financial group Finam has agreed to invest some $5 million in exchange for a controlling stake in MirTesen.ru (“Closed World”) in Russia that develops an online social network where you can meet people based on their location on Google Maps. Finam will try to leverage its investment in MirTesen with ones into a [...]