OLX Acquired FreeAds.ru; Raised Another $13.5 Million

Files under: News, Tech, Web 2.0
Posted by: Yakov @ 10:27 [12. 04. 08]

OLX, a free classifieds site operating in 40 countries in 15 languages, including in Russian, raised $13.5 million, bringing total funding to $23.5 million, says OLX founder and CEO Fabrice Grinda on his blog Musings of an Entrepreneur. The investors in the round included General Catalyst Partners, Bessemer Venture Partners, Founders Fund, and DN Capital.
Fabrice […]

Texas Pacific Group Enters Russia With $800 Million Acquisition

Files under: News
Posted by: Yakov @ 11:41 [8. 04. 08]

The leading private equity firm Texas Pacific Group (TPG) acquires 50% of Russia’s largest pharmaceutical distributor SIA International for $800 million in a partial buy-out deal. SIA’s founder and CEO Igor Rudinsky will retain the other 50% after completion of the deal. The acquisition is the largest ever institutional private equity transaction in Russia.
SIA International, […]

Russian Tech to Prosper Under New Russian President

Files under: Inside View, News, Tech
Posted by: Yakov @ 22:30 [2. 03. 08]

Dmitry Medvedev is leading Russia’s presidential elections today, says preliminary data being released by Russia’s Central Election Commission (Izbirkom). Dmitry Medvedev leads the elections with more than seventy percent of votes counted. Will the Russian technology, Internet and software businesses continue to grow and become much more competitive globally, when Dmitry Medvedev becomes the […]