Jul 8, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News The Moscow Seed Fund, the City of Moscow’s venture arm, has poured 8 million rubles (about $240,000) into a startup named Probki Iz Okna (Russian for “traffic jams from the window”). The company has created a large network of webcams installed...
Jul 8, 2013 | Central & Eastern Europe, News, Russia, Western Europe
East-West Digital News Russian furniture e-retailer Mebelrama.ru, which had been backed by Germany’s Rocket Internet, is shutting down, the company’s co-founder Manuela Stoll confirmed in an exchange with East-West Digital News. In late 2012, the startup landed a $10...
Jul 8, 2013 | Central & Eastern Europe, News, Russia
President Vladimir Putin has canceled the instruction issued by his predecessor, Dmitry Medvedev, which required state-run companies to make contributions to the endowment fund of the Skolkovo Institute of Science and Technology (Skoltech). The new order issued by...
Jul 7, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News MTT, a Russian telecom group owned by VTB and former telecommunication minister Leonid Reiman, has announced that it has invested 50 million rubles (about $1.5 million) in Frolik, a service for children and their parents, since project start in...
Jul 7, 2013 | East Asia, MENA, News, North America
Apple Insider Samsung may be looking to take its rivalry with Apple to another level, as a new report has the South Korean tech giant buying streaming media startup Boxee in a move that will bring it into even more direct competition with the Apple TV. Boxee produces...
Jul 7, 2013 | India, News, South & Central Asia, Western Europe
Bloomberg 05 July 2013 Diageo Plc, the world’s biggest distiller, gained control of United Spirits Ltd. after completing the final stage of a transaction to acquire a stake in the Indian maker of Bagpiper whiskey. The London-based company bought a 14.98 percent stake...
