Mar 6, 2013 | Central & Eastern Europe, News, Russia
Last month Moscow-based fashion retailer Trends Brands announced it had raised $4 million in a Series B round. The amount includes $3 million from French venture fund Ventech and $1 million from Ru-Net and Kite Ventures, two Russian funds operating internationally, a...
Mar 6, 2013 | Central & Eastern Europe, News, Russia
uBank, a mobile payment startup launched in late 2011, announced earlier this week an $8 million capital injection – its first round of funding – from Runa Capital, a Moscow-based venture fund that operates internationally. uBank’s valuation has not been disclosed,...
Mar 6, 2013 | Central & Eastern Europe, News, Russia
March 1 Ria Novosti Shareholders of Siberian Agrarian Holding (SAHO) have agreed to sell 100% of the company’s shares to “Biznis Otsenkiya”, a company controlled by Leonid Mayevskiy. As a result, IFC “Metropol”, which began working with...
Mar 3, 2013 | Central & Eastern Europe, News, Russia
VTB is interested in buying the city of Moscow’s hotel business, several sources at City Hall told Vedomosti. Negotiations have not begun because a specific proposal has not been made, a source close to VTB said. Hotel Company was created in 2009 and holds the city’s...
Feb 28, 2013 | Central & Eastern Europe, News, Russia
MOSCOW, March 1 (Reuters) – Arkady Rotenberg, a construction tycoon and former judo sparring partner of Russian President Vladimir Putin, has bought a stake in Rostelecom in a move that could trigger a management change at the state-controlled telecoms group....
Feb 28, 2013 | Central & Eastern Europe, News, Russia
Feb 28 (Reuters) – Russia’s richest man, Alisher Usmanov, has commenced a placing of a 7.4 percent stake in Mail.Ru, the Russian internet group said, after the company forecast slower revenue growth this year. London-listed Mail.Ru said in a filing that a...
