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Moscow readying to host MATE Expo 2015
The Moscow Application & Technology Expo (MATE Expo) 2015 is back in the Russian capital this spring. The international exhibition will showcase tech segments such as mobile, augmented and virtual reality, the Internet of Things, wearable technology, consumer electronics for medical use, and the connected car....
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25 February 2015
Russian venture fund Life.Sreda seeks to sell assets amid first signs of severe industry contraction
Russian fintech fund Life.Sreda is seeking buyers for the greater part of its portfolio companies, both Russian and foreign, Russian business daily Vedomosti has learned from unnamed industry insiders. The fund intends to concentrate on the development of its most promising project, mobile acquiring startup LifePay....
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13 February 2015
After Bolshoi, Google wants to digitalize the Kremlin
The interiors of the Bolshoi Theater have become the most recent addition to Google’s initiative to digitally record the world’s art. On Feb. 10, the theater’s administration and the Google Cultural Institute unveiled a virtual 3D tour of the historic building, its new stage and three digital exhibitions from the collections of its museum....
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11 February 2015
Yota clinches contract to sell its smartphone in China
The Russian manufacturer of smartphones Yota Devices has found a partner to enter the Chinese market, as reported by Russian business daily Kommersant. The new partner, Potevio, is one of the largest local distributors of mobile electronics....
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11 February 2015
Russia to pay local devs to migrate apps to Tizen, Sailfish
The U.S. mobile ecosystem duopoly has been the big story of tech for the past six-plus years. And continues to be mobile’s unshakeable reality — with Android and iOS collectively cutting themselves a 96 per cent share of the device market (per Gartner figures for Q3 2014)....
2056
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10 February 2015
Two Russian women electrocuted after using iPhone 4 in bathroom
A 24-year-old woman has died in Moscow after reportedly being electrocuted by a smartphone charger after her iPhone 4 fell into the bathtub....
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10 February 2015
Google’s Startup Launch Program extended to Russia
Google plans to launch its Google Startup Launch program in Russia, reported Russian tech blog Firrma.ru....
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9 February 2015
IXcellerate appoints Roman Linin as CFO
Moscow – IXcellerate, Russia’s premier carrier-neutral data centre operator, is pleased to announce the appointment of Roman Linin as Chief Financial Officer, joining COO Dmitry Fokin and CEO Guy Willner....
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9 February 2015
Yandex purchases software tool for taxis
Yandex is purchasing Ros.Taxi, a software program for the management of taxis. It allows taxi businesses to take orders, coordinate and lead the work of drivers. Included within the Ros.Taxi brand is a mobile application called Taximeter, which determines the cost of a journey and provides drivers communication with dispatchers....
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9 February 2015
Netology secures third funding round in a year
Netology Group, a major Russian online education platform, announced last week that it raised $2.1 million from Buran Venture Capital and InVenture Partners....
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9 February 2015
Russian advertising market to slowdown in 2015, but online remains a growth area
As the Russian economy braces itself for a recession in 2015, belt-tightening measures by Russian businesses are set to include significant advertising budget cuts. In a much more result- and value-oriented advertising environment, companies will look more to online and contextual models, rather than traditional mediums such as TV....
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4 February 2015
KupiVIP general manager Vladimir Kholyaznikov: “Cross-border now exceeds 25% of our total volumes and we expect strong growth in 2015″
Launched in 2008 by Oskar Hartmann, a German entrepreneur born in the former Soviet Union, KupiVIP quickly became Russia’s leading flash sales site in the field of fashion. When the cross-border e-commerce market emerged in Russia, the company lobbied against what Hartmann called – with some justification – “duty-free e-commerce.” But KupiVIP also launched its own cro...
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4 February 2015
Spotify cancels Russia launch for “foreseeable future”
Popular music streaming service Spotify has canceled plans to open offices and launch their service in Russia, just one year after registering a subsidiary in Russia....
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4 February 2015
Austria’s S&T AG announces major Russian investment plan
The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015. The plan was announced by S&T Vice-President Alexander Malshakov, responsible for the company’s business in Eastern Europe....
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4 February 2015
The Besen Group Congratulates Google being the Most Disruptive MVNO in the US
The Besen Group, an international mobile data industry management consulting practice headquartered in the Washington DC area, with representatives in Paris and Tokyo, congratulates Google for launching the most disruptive MVNO in the US, relying on recent media articles indicating Google signed a wholesale agreement with Sprint and T-Mobile US to launch an MVNO in 2015....
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2 February 2015
Ukrainian-Russian startup Preply enters Polish market
Preply, a platform to find foreign language tutors for home or Skype lessons, has just entered the Polish market with a localized version of its website....
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2 February 2015
Russian startup can charge your cell phone with water
A Russian startup funded by two of Russia’s largest nanotech centers, Dubna just outside Moscow and Sygma.Novosibirsk from Siberia, has developed what appears to be a brand new charging device for a variety of portable gadgets, Rusnanonet.rureported....
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2 February 2015
Moscow Seed Fund concludes first investment cycle
Moscow Seed Fund, the venture arm of the Moscow City authorities, is concluding its first three-year investment cycle....
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30 January 2015
Okko launches first UHD movies on Russian VOD market
In late 2014 Okko (formerly Play), a leading player on the Russian VOD market, launched the country’s first Ultra HD 4K video service. The solution, developed in partnership with LG Electronics, was designed to meet the requirements of Hollywood studios for content protection, giving Okko the opportunity to work with original content filmed in 4K quality....
2126
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30 January 2015
Erik Bosgoed of Groupon International: “We may start exporting from Russia instead of importing”
Groupon, which began operating in Russia in 2010, has asserted itself since then as a leader in the Russian coupon sales market. The site has also developed a cross-border business, selling virtually anything from smartphones to tableware and cappuccinators to Russian consumers....
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30 January 2015
Next-gen data management system to emerge in Russia
SDI Research, a Moscow-based “semantic data integrator,” will receive a $335,000 grant from Skolkovo for the development of a next-gen semantic master data management (MDM) system to store and sync data....
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29 January 2015
Russian data center market grew 20% in 2014
In 2014, according to a new report by international market research company PMR, the Russian market of commercial data center services reached 11.7 billion rubles (approximately $303 million at the average 2014 exchange rate), up 20.4% from the previous year. Development forecasts for the next few years remain positive....
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28 January 2015
News aggregator Anews raises $2.7 million for further international expansion
Startup and several individual investors. As reported by Rusbase, TMT Investments and Run Capital each invested $1 million, in exchange for minority stakes in the company....
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28 January 2015
KupiVIP.ru close to break-even, reports 44% year-on-year sales growth in Q4 2014
Illustrating the relative resilience of the Russian e-commerce market amid the current economic turmoil, leading flash sales platform KupiVIP.ru reported a 44% revenue increase year-on-year in Q4 2014. The company attributes this growth to consumers switching from traditional and online retail to discount-based sites....
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28 January 2015
What do Yandex users want to look like? Russians’ image search queries
The average person aims to stay up to speed with the most recent clothing styles and haircuts. From country to country, styles vary and the ideal image is often rooted in cultural influence. Still, a popular movie or a celebrity influences worldwide trends uniting people across the globe to wear a particular pair of sunglasses or cut their hair a certain way....
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27 January 2015
Zvooq launches full function free mobile music streaming
Moscow – Russian music service Zvooq, part of the holding Dream Industries, changes the game for music streaming by introducing a new model of music listening, becoming Russia’s only fully free legal music service....
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27 January 2015
Hot social media topics to be highlighted at Moscow conference and exhibition
Social media business will be highlighted in Moscow on March 12-14 at the Social Networking Congress & Expo (SNCE), a two-day conference and exhibition that gathers each year the representatives of the Russian social media community....
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27 January 2015
Richard Branson’s Virgin Connect buys Moscow region broadband triple-play operator
Trivon AG, the Switzerland-based company which does business through its subsidiaries under the Virgin Connect brand in Russia, has acquired 75% Speedyline, a triple-play operator operating in the Moscow region. Trivon has also got option for the further purchase of the remaining 25%....
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26 January 2015
US high tech and payment firms blacklist Crimea
Russia’s absorption of the Crimea region in early 2014 continues to be a source of friction between Washington and Moscow. The issue was illustrated recently by several US firms which cut ties with the disputed territory altogether....
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23 January 2015
Runa Capital leads $3 million round in US startup LendingRobot
Earlier this week Seattle-based startup LendingRobot completed a $3 million funding round led by Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco. Club Italia Investimenti II also participated in the round along with individual investors, but the amount of their respective contributions was not disclosed....
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23 January 2015
Siberian high tech company teams up with Singapore’s HaxAsia to launch local “fund-accelerator”
Just one year after Russia saw the launch of its first hardware-oriented accelerator, DI Group, a Tomsk, Siberia-based high tech group, has launched a “venture fund-accelerator” targeting startups in the fields of smartphones, electronics, gadgets and Internet projects....
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22 January 2015
Elbrus Capital acquires minority stake in realty classifieds group Cian
Elbrus Capital, a major private equity business operating in Russia and neighboring countries, has acquired a minority stake in Cian Group, a major player on the Russian online realty classifieds market....
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21 January 2015
Yandex and CTC Media sink to record as Goldman says sell
Yandex NV (YNDX) sank to a record in New York after Goldman Sachs Group Inc. cut the stock to sell, forecasting a 31 percent drop in the Russian Internet company’s earnings this year as a weaker ruble dissuades advertisers from increasing spending....
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21 January 2015
Russia’s media watchdog slaps site with warning over religious cartoon
Russia’s media watchdog has issued a warning to an online news site for publishing a religiously themed caricature that lampooned “one of the faiths,” despite an appeal to avoid such cartoons in the wake of the Charlie Hebdo attack....
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20 January 2015
Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016
Ulmart, Russia’s leading e-commerce company, confirmed today its plan to go public next year in a yet-to-be-determined Western stock exchange, the company’s chairman and co-owner Dmitry Kostygin told Russian business daily RBC....
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20 January 2015
Supply Chain & Fulfilment 2015 Congress: Join Tesco, John Lewis, Travis Perkins, ShopDirect.com to discuss solutions
With e-commerce sales in Europe estimated at over £130 billion in 2014, one of the biggest challenges this fast growing sector is facing is how to adapt their e-commerce and omni-channel supply chain and fulfilment operations to meet rapidly changing customer delivery expectations....
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20 January 2015
Skolkovo startups fly to India
Following President Vladimir Putin’s visit to New Delhi in December, 15 IT companies from Skolkovo, the international tech hub under completion on the outskirts of Moscow, will travel to India next month, reports the Skolkovo Foundation....
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20 January 2015
Half of Russian IT specialists would seek work abroad
The Luxoft Personnel company conducted research on attitudes toward emigration among Russian IT specialists in the fall of 2014. It was seen that 65% of the 4000 participants in the survey consider moving to another country a possibility, and 18% are prepared to do so in the near future....
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20 January 2015
Vaizra invests in Israeli and US startups
Vaizra Investments, the fund belonging to VKontakte founders Lev Leviev and Vyacheslav Mirilashvili, has invested in startups Moovit and Boxed. Moovit is an Israeli app which helps users to plan journeys on public transport, and Boxed is a US app for wholesale buyers....
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19 January 2015
Sergey Podkin of Boxberry on cross-border sales: “The volume of deliveries is falling, but this will not lead our market to catastrophe”
Over the past few years Boxberry, a relatively new player on the Russian e-commerce shipment market, has been developing a competitive offer for deliveries and customs clearance from the USA and Europe to Russia. The company specializes in express cargo – sending packages worth up to 1,000 euros and weighing up to 31 kg. Part of the international delivery cycle is run out of the Bo...
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19 January 2015
Yandex School of Data Analysis joins CERN experiment
Earlier this week Yandex, the Russian search giant, announced that its School of Data Analysis (YSDA) will take part in CERN’s Large Hadron Collider beauty (LHCb) experiment. The project, which is one of four large particle detector experiments at the Large Hadron Collider, collects data to study the interactions of heavy particles, called b-hadrons....
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16 January 2015
Instagram map shows Moscow’s metro as passengers see it
Whenever you spot someone on the Moscow metro taking a photo with their mobile phone, chances are you have just witnessed a combination of two things that are widely popular in the Russian capital....
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16 January 2015
Rostelecom to acquire major data center and Internet infrastructure company
Rostelecom, Russia’s national telecom operator, announced yesterday the acquisition of a majority stake in SafeData (LLC Data Storage Centre), a leading operator of commercial data centers, traffic exchange services and content delivery....
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16 January 2015
3D mobile app startup developer GeoCV closes seed-stage round
GeoCV, a startup which is developing a mobile app for creating 3D-models of interiors using mobile sensors, has received $100k investment from Starta Capital and the Moscow Seed Fund....
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15 January 2015
MasterCard reaches agreement with national payment system; Visa may follow
MasterCard has agreed to transfer card processing inside Russia to the National System of Payment Cards (NSPC) while Visa is still discussing the matter with the authorities, Interfax.ru reported, citing the Central Bank’s press service....
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15 January 2015
Russians are world leaders in online video viewing
Online media consumption is a major part of the Russian Internet. This is due in large part to the average user accessing videos through their social media accounts.  Most Russian social networking sites also provide users with free (and now legal) ways to watch their favorite TV shows and movies online....
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15 January 2015
CTC Media acquires online video content provider CarambaTV
CTC Media, a major Russian media company, yesterday announced the acquisition of a majority stake in CarambaTV, a producer of digital and transmedia content. CTC Media acquired a 51% stake for 148 million rubles (approximately $2.2 million at the current exchange rate)....
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14 January 2015
Russian Internet users’ most popular topics in 2014 according to Yandex, Vkontakte and Google
In the middle of December, Russian internet search engine Yandex published a study that analyzed users’ queries to learn which people, events and phenomena stirred their interest the most in 2014....
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13 January 2015
Russia blocks bitcoin websites over “shadow economy” fears
The Russian telecommunications regulator Roskomnadzor has blocked access to five bitcoin-related websites because the cryptocurrency “contributes to the growth of the shadow economy.”...
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13 January 2015
Russia’s young generation learning military history through video games
A bullet hits a sack next to a howitzer; a projectile explodes in the sky, forcing a plane to lurch to the right. In slow motion, a Red Army soldier lobs grenades into a Nazi tank. A modern rendition of a classic Soviet war song soundtracks the action....
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8 January 2015