Jun 25, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News This past February the South-African media group Naspers acquired a 30.7% stake in eSky.ru, a Russian online retailer of children’s goods. The transaction, which amounted to 200 million South African rands (approximately $20 million), has just...
Jun 25, 2014 | Central & Eastern Europe, News, North America, Russia, Western Europe
East-West Digital News June 25, 2014 Last week TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced the completion of a $250,000 investment in Palo-Alto headquartered Weaved in exchange for a 2.69% stake in the company’s...
Jun 23, 2014 | Central & Eastern Europe, News, Russia
Last week, Russian online local-search service Yell.ru announced that it has secured $11 million, which includes $8 million from Vostok Nafta and $3 million from current investor AB Kinnevik. In addition to providing a search engine, Yell.ru offers user reviews about...
Jun 21, 2014 | Central & Eastern Europe, News, Russia
Gill Business Systems (Gillbus), a company that develops inventory distribution systems (IDS) for the bus-transportation industry, has secured $3 million from a consortium of three venture funds – Intel Capital, InVenture Partners and FinSight – at an undisclosed...
Jun 17, 2014 | Central & Eastern Europe, News, Russia
East-West Digital News Yandex, the NASDAQ-listed Russian search giant, announced its plans to acquire Auto.ru, one of the leading online auto classifieds sites in Russia, for approximately $175 million in cash. The transaction, which remains subject to certain...
