Tip automation startups are much-desired in Russia right now, if judging by an acquisition announced by Yandex, just weeks after another one from Alfa-Bank. The NASDAQ-listed search giant is now the owner of Chaevye Prosto (âJust Tipsâ) â a startup founded in 2018 by Evgeny Zagoruyko and his wife, who spent much of the familyâs savings to develop the service. The terms of the ⊠Yandex acquires tip automation startup... Read more âș
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2GIS, a leading mapping service owned by Sber, is in the process of acquiring RocketData, a successful geomarketing startup from Belarus. Founded in 2017, RocketData provides an âeasy-to-use platform to manage your companyâs business information and user reviews among more than 30 location-based servicesâ â from maps, search engines and directories, to GPS devices, to social networks. RocketData ⊠Russian mapping major 2GIS acquires Belarusian geo-marketing startup Read More Read more âș
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Last week MTS, a leading Russian mobile operator, launched a new online video platform for mobile devices and smart TVs, made available in the Google Play and Apple App stores. Dubbed âKion,â this video streaming platform âfeatures thousands of films and hundreds of TV channelsâ. It will also be âthe exclusive home for a slate ⊠MTS launches new online video service to get among market leaders Read More Read more âș
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On May 25-26, Moscow will host Smart Cities Moscow, an international online forum dedicated to smart cities and the ânew normalâ in the urban environment More than 50 international speakers are expected, including heads of administrations of large megacities across the world, professors and experts from the leading educational institutions, business representatives and other experts ⊠Worldâs megacities gather in virtual event to discuss global smart city challenges (May 25-26)... Read more âș
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Russian-speaking tech entrepreneurs and investors are more than ever active abroad â which has been illustrated again in the UK by a grocery delivery and dark store startup called Jiffy. Founded in November 2020, this company aims to deliver fresh products, meals and household essentials âin just 15 minutesâ in several districts of the British capital. With products sourced from local ⊠Backed by Baring Vostok, Russian-founded startup targets Londonâs... Read more âș
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Russian-speaking tech entrepreneurs and investors are increasingly active abroad â a trend illustrated again in the UK with a grocery delivery and dark store startup called Jiffy. Founded in November 2020, this company aims to deliver fresh products, meals and household essentials âin just 15 minutesâ in several districts of the British capital. With products sourced from local suppliers and popular ⊠Backed by Baring Vostok, Russian-founded startup aims to... Read more âș
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Segezha Group, a major Russian producer of fiber-based packaging and forestry products, is a global leader in sack paper (#2), paper sacks (#2) and birch plywood (#5). Unlike most of its industry peers, the group is fully vertically integrated and controls its own forests. Operating across several countries, it holds long-term (typically 49 years) leases ⊠Segezha Group: How a Russian forestry major addresses digitalization and sustainability challenges Read More Read more âș
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A e-scooter startup called Urent has raised 1.2 billion rubles (nearly $16 million at the current exchange rate) in equity funding and loans. The investor pool includes Citimobil, a Russian ride-sharing company, Sber, the state-controlled digital and finance giant Sber, and Sistema SmartTech, a new venture vehicle of the Sistema conglomerate. The latter contributed 200 million ⊠Russian e-scooter startup raises $16 million to become regional leader Read More Read more âș
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Yandex, the NASDAQ-listed Russian tech major, is preparing to launch its express e-grocery delivery service in Western Europe â after successful deployment in Russia and Israel. The first target is France, where Yandex registered a local company earlier this month and started hiring, according to a company spokesman cited by AFP. Initially covering the central districts of Paris, ⊠After successes in Russia and Israel, Yandex prepared to launch express... Read more âș
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AddictiveTips.com, an online resource on apps, phone and the web, has calculated the cost of broadband Internet relative to usersâ income across 37 European countries. Price data came from Cable.co.uk and salary data from Numbeo. Russia ranks 18th as the average broadband expense in this country (âŹ75.65 per year, âŹ6.30 per month) accounts for 1.6% of Russiansâ net salary (âŹ4,497 per year, âŹ375 per month). ⊠At 1.6% of net... Read more âș
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Yesterday Sber, the state-controlled financial and digital giant, announced a binding agreement to fully acquire  Muzlab, a leader in the Russian B2B audio streaming market. The amount of the transaction was not disclosed, but industry publication VC.RU heard it was between 500 million rubles ($6.5 million) and 1 billion rubles ($13 million at the current exchange rate). Muzlab has developed a ⊠After a new acquisition, Sber wants to become... Read more âș
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Russia has launched a probe against YouTube for âabusingâ its dominant position in the market by making âbiasedâ decisions about comment moderation, a government regulator said on Monday. The Federal Anti-Monopoly Service said that YouTubeâs rules relating to the suspension or deletion of accounts are âopaque, biased and unpredictable.â âThis leads to sudden blocking and ⊠Russia probes YouTube for âabusingâ dominant position and âbiasedâ content moderation practice Read More Read more âș
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Last week Yandex, the NASDAQ-listed Russian digital giant, announced a novelty in the field of image-to-text and automated translation technologies. Its browser, Yandex Browser, is now capable of translating text embedded within images âfrom 47 languages,â says the company, touting the feature as a worldâs first for a desktop browser. âNow users can easily translate and read [an] image that contain text ⊠Yandex Browser translates texts in images from... Read more âș
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Founded in 2015 near Kazan, Tatarstan â some 800 km east from Moscow, â Innopolis provides a glimpse into what technocrats within Putinâs regime hope will be the vision of a future Russia. As the government looks for ways to make the country less dependent on hydrocarbons and to build up the national tech sector, which is ⊠Fighting brain drain and creeping authoritarianism in Russiaâs techno-utopian village Read More Read more âș
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X5 Retail Group, a leading Russian food retailer listed on the Moscow and London stock exchanges, has acquired a dark kitchen company called Mnogo Lososya (âA Lot of Salmonâ). The groupâs head Igor Shekhterman revealed the transaction earlier this week in a media interview, without providing any financial details. âWhile we see great potential in this business, we didnât have ⊠X5 pursues innovation path through dark kitchens, freshness sensors... Read more âș
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Wildberries, the number one Russian e-commerce company, is making its first steps on the US market with dedicated versions of its website and mobile app. The siteâs URL, us.wildberries.ru, betrays its Russian origin, while no US suppliers have been onboarded for the moment, as reported by Kommersant.  Deliveries will be carried out from Russian warehouses with the help ⊠Russian e-commerce leader makes first steps on US market Read More Read more âș
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Until recently, the Russian authorities showed little interest in genetics. The breakthrough came in 2019, when the government allocated 127 billion rubles (around $1.7 billion at the current exchange rate) to a special seven-year federal program. In fact, the Kremlinâs overall spending on projects involving genetics could actually reach 230 billion rubles ($3 billion) in ⊠From gene bombs to classroom curriculum: How Vladimir Putin became infatuated with genetics Read... Read more âș
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 On the night of April 8, Moscow rescuers found a woman sitting on a brick of ice in the Moscow (Moskva) River, 30 meters from the shore. The victim, born in 1995, showed signs of hypothermia and was hospitalized. She could not explain the reason for being on the ice. Following this incident, the Traffic ⊠Moscow river transport monitoring system trained to recognize people in water Read More Read more âș
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A new fund is emerging on the tiny Russian venture scene. With $50 million in capital, âThe Games Fundâ is the brainchild of Maria Kochmola and Ilya Eremeev, two former executives from My Games Venture Capital (MGVC), Forbes Russia reports. Former Riot Games CTO Sergey Titov, alongside ex-top managers from GEM Capital, are also part of the ⊠New $50 million fund to invest in gaming across Eastern Europe Read... Read more âș
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Ozon, a NASDAQ-listed Russian e-commerce major, announced today an agreement with Sovcombank to acquire of Oney Bank. This cash transaction is subject to regulatory approval. Its exact amount , which should ânot exceed $10 million,â will be determined at closing, Through this deal, Ozon is acquiring the licenses required to develop its offering of financial services around its marketplace. ⊠Ozon to acquire Oney Bank to enhance financial service offerings... Read more âș
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Business Insider
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27.11.2024 17:54
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