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Rambler & Co seeks startups in its shift to becoming an Internet tech firm

Rambler & Co, a major Russian tech media group, is seeking to move away from its present status as a media company towards Internet technologies. As reported by Russian daily Vedomosti, the company is creating two startup accelerators to achieve this goal.

Speaking at an event hosted by the $200 million government-backed startup fund FRII (IIDF) launched last yearRambler’s management stated its disappointment at the fact that the company’s EBITDA performance indicators are only half that of Internet tech firms, as reported by Russian tech blog ROEM.