Russian e-commerce platform Ozon has raised $50 million from US-based VC Princeville Capital, plus $100 million from existing investors Baring Vostok Capital Partners and Sistema. The round of financing is a convertible loan that can be turned into equity. “The Russian e-commerce market is experiencing significant growth driven by the increasing penetration of online sales […]
RTP Global, the Moscow-headquartered VC firm formerly known as ru-Net and focused on early-stage technology investments, is launching a new $650 million fund to support founders across Europe, North America, India and South-East Asia. The new fund comes in at more than triple the size of the previous fund, as it comes with a track […]
This week, Natalie Novick and Andrii Degeler talk about the investigation of Russia’s antimonopoly watchdog into Booking.com, startups working on road safety across Europe, Google abandoning the “Double Irish” tax optimisation scheme, changes in the way we write online, wannabe kidfluencers on YouTube, and more.
BlaBlaCar, the world’s leading long-distance carpooling platform, announced that it has offered to acquire Busfor, Russia and Ukraine’s largest online bus ticketing platform. Just last year, BlaBlaCar expanded beyond car sharing to incorporate bus service, aiming to increase its hold on road mobility and satisfy more passengers. With 7,000 bus carriers, Busfor will cement BlaBlaCar’s […]
ivi, one of Russia’s largest over the top (OTT) video-on-demand platforms, has secured $40 million in funding from the Russian Direct Investment Fund (RDIF), Mubadala Investment Company (UAE), Baring Vostok, Flashpoint VC, RTP Global, and Winter Capital. The company claims to be holding 42 percent of Russia’s licensed professional OTT video-on-demand market, or twice as […]
UK-based industrial AI startup with Russian roots Conundrum has raised $1.5 million in funding from Speedinvest Industry. Conundrum AI applies deep learning and automated machine learning techniques to help industrial customers predict equipment failures and decrease downtime they can cause. It also builds so-called “digital twins,” precise digital models of enterprise physical equipment that can […]
Editor’s note: This article from East-West Digital News was syndicated with permission. US citizen Michael Calvey, a figure of the Russian private equity scene, was detained Friday in Moscow as part of a large-scale fraud investigation. The news has put the Russian investor and tech community under shock. Calvey is the founder of Baring Vostok Capital Partners, one of […]