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Russian e-commerce leader Ulmart plans IPO in 2016

Russian e-commerce leader Ulmart plans IPO in 2016

Jan 20, 2015 | Central & Eastern Europe, News, Russia

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. Ulmart is thus considering raising $1...
Yandex acquires PriceLabs, gets a divorce from MultiShip

Yandex acquires PriceLabs, gets a divorce from MultiShip

Oct 7, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Yandex’s strategy to develop its marketplace, Yandex Market, saw new developments in the past few weeks. The company acquired PriceLabs, the developer of a price monitoring and optimization solution, and abruptly ended cooperation with...

Russia Partners sells US startup with Ukraine-based IT team to Japan’s Rakuten

Sep 23, 2014 | Central & Eastern Europe, East Asia, News, North America, Russia

East-West Digital News Earlier this month Russia Partners, the Moscow-based private equity affiliate of global alternative investment firm Siguler Guff & Company, announced that Rakuten acquired Slice, a portfolio company in its technology fund. The details of the...
Wired highlights 10 Russian startups but gets it wrong with rosy business predictions

Wired highlights 10 Russian startups but gets it wrong with rosy business predictions

Aug 29, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News In a series on Europe’s “hottest startups,” the UK edition of tech magazine Wired published earlier this month a selection of 10 Russian startups. These included peer-to-peer publishing platform Gitoon, e-commerce intelligence platform Ometria,...
$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years

$38 million not enough for a startup – Ostrovok closes 5th round of funding in 3 years

Jun 23, 2014 | Central & Eastern Europe, News, Russia

East-West Digital News Ostrovok.ru, a major Russian hotel booking service, announced last week that it has raised $12 million in a round led by Vaizra Capital, a fund which belongs to Vkontakte co-founders Vyacheslav Mirilashvili and Lev Leviev. A number of the...
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