Feb 25, 2013 | Central & Eastern Europe, News, Russia
MOSCOW/LONDON, Feb 22 (Reuters) – Russian billionaire Mikhail Prokhorov has sold his stake in London-listed gold miner Polyus Gold to two Russian buyers for $3.6 billion after approval from British regulators. The sale marks the end of an era for Prokhorov, an...
Feb 25, 2013 | Central & Eastern Europe, News, Russia
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week that it has invested $1 million in mobile advertising network Adinch in exchange for a 20% stake. Adinch has developed a “universal self-service mobile advertising...
Feb 19, 2013 | Central & Eastern Europe, News, Russia
Parus Invest, a Russian e-commerce holding company focusing mainly on pharmacy products, has announced a plan to attract up to $20 million in investments, yielding up to 20% of its shares. Discussions are being held with unnamed funds, the holding’s Chairman of the...
Feb 19, 2013 | Central & Eastern Europe, News, Russia
International investor Black Ocean has put $500,000 into the Russian educational e-commerce site BimBasket, Rusbase.com reported last week. Scheduled for launch next month, the site will enable parents to subscribe to a recurring product offer – from toys to books to...
Feb 18, 2013 | Central & Eastern Europe, News, Russia
Car-Fin, a Russian startup developing innovative solutions for online car brokers, announced last week that it secured $400,000 in funding from investment fund Prostor Capital and the Moscow Seed Fund, the venture investment vehicle of the Moscow city authorities. The...
Feb 16, 2013 | Central & Eastern Europe, News, Russia
Gruzobzor.ru, a provider of online solutions for cargo freight, has secured $1 million from Runa Capital, a Moscow-based international venture fund. The terms of the deal have not been disclosed, but Runa indicated it got a minority stake, Rusbase.com reported earlier...
