Mar 20, 2013 | Central & Eastern Europe, News, Russia
Avito.ru, Russia’s leading classifieds site by number of users, is merging with its competitors Slando.ru and OLX.ru, creating the fifth most popular Russian website, with more than 100 million page views a day, The Financial Times reported this morning. As part of...
Mar 20, 2013 | Central & Eastern Europe, News, Russia
The ownership of three major Russian tech companies – the search giant Yandex, the state-owned nanotechnology corporation Rusnano, and the mobile operator MegaFon – is being affected by significant changes. Yandex, which raised $1.3 billion in its IPO back in May...
Mar 19, 2013 | Central & Eastern Europe, News, Russia, Western Europe
Runa Capital, a Moscow-based, $135 million tech fund operating internationally, has led a $2 million investment round in BackupAgent, with existing investor Solid Ventures also participating in the round. The company has yielded a minority stake. A major provider of...
Mar 18, 2013 | Central & Eastern Europe, France, News, Russia, Western Europe
Paris (Reuters) – A Russian developer who plans to build what would be Europe’s tallest residential towers in Paris said he had provisionally lined up financing from Russia’s Sberbank towards the 2.3 billion euro ($3 billion) project. The loan amount...
Mar 18, 2013 | Central & Eastern Europe, News, Russia
In a new illustration of the vibrant activity of the Moscow venture scene, Maxim Shekhovtsov and Alexander Zhurba – founders of TexDrive, one of the city’s largest startup accelerators – announced last week the creation of a fund dedicated primarily to IT projects in...
Mar 18, 2013 | Central & Eastern Europe, News, Russia
Oktogo.ru, a leading Russian online hotel booking company, has attracted $11 million in its fourth round of financing since its inception in 2010. The funds have been brought in by Russian entrepreneur Victor Sazhin in addition to some of the startup’s existing...
