Sber, the Russian state-controlled financial and tech giant, is teaming up with Visa to launch “Russia’s first Data Lab.” The partners intend to “use anonymized data to track changes in customer behavior and design the most customized offerings for all users of card products by applying artificial intelligence and machine learning tools.” “The move is aimed at … Sber and Visa launch data lab with AI supercomputer Read More Read more ›
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The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously announced they had reached an “agreement … Tinkoff scraps $5.5 billion deal with Yandex, shares plunge Read More Read more ›
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The proposed megamerger between Russia’s leading technology company Yandex and fast-growing challenger bank Tinkoff has been scrapped. In an announcement to the London Stock Exchange — where Tinkoff’s holding company TCS is listed — the bank said negotiations between the two sides had been “terminated, effective immediately.” Yandex and Tinkoff previously announced they had reached an “agreement … Tinkoff scraps $5.5 billion deal with Yandex, shares plunge Read More Read more ›
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This week several new investments by Mail.ru Group, the LSE-listed Russian Internet giant, were reported. In the field of online education: Lomigor, a Cypriot subsidiary of the LSE-listed Russian Internet giant, purchased a 45% stake in Preprep.ru LLC, the startup behind exam preparation platform Tetrika. The transaction, which took place in September, was just revealed … Mail.Ru buying spree: New investments is gaming and edtech Read More Read more ›
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The sale of Tinkoff Bank to Yandex is far from being certain, Russian online publication The Bell reminds, just three weeks after the two companies announced an “agreement in principle” on the matter. Oleg Tinkov, the owner of the online bank, is also considering other buyers — in particular mobile operator MTS, or its affiliate … Yandex, MTS, etc.: Oleg Tinkov reportedly holding parallel talks to sell his online bank... Read more ›
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Earlier this week the Russian startup Finansist announced the completion of a 37 million ruble round of funding (around $4.8 million at the current exchange rate) involving a syndicate of individual investors. These include Mikhail Bazhenov, Mikhail Gavrilov, Pavel Orlov, Viktor Savuyk and Andrey Sokolov. Finansist has developed solutions for financial planning, management reporting and … Russian startup secures $5 million to enhance financial planning and management reporting Read More Read more ›
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Russian financial authorities have confirmed the government’s purported plans to issue the central bank digital currency, or CBDC. On Oct. 13, the Bank of Russia released a consultation paper on the development of the digital Russian ruble. In the statement, the central bank said that the digital ruble can become an “additional form of money alongside cash and non-cash.” … Russia’s central bank issues consultation paper on digital ruble Read... Read more ›
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Moscow startup Briskly has raised $2 million to finance its first international projects and strengthen its positions in Russia. Sberbank executive Maxim Poletaev and Gauss Ventures, a Cayman-based fund with Russian connections, are among the investors alongside an unnamed British venture fund and another private investor. Poletaev and Gauss Ventures had already invested $370,000 in … Russian retail self-service and payment startup raises $2 millions to expand across Eastern Europe... Read more ›
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The transparent part of this mask covers the entire face, protecting both the respiratory system and the eyes from the virus. This way users can see each other’s faces in full, along with all the expressions that are an integral part of normal conversation that were taken for granted prior to the pandemic. Oxima’s creator, Denis Medvedev, is … Russian startup entrepreneur creates new mask against Covid-19 Read More Read more ›
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Alphaopen, a Moscow-based developer of IoT solutions for smart construction, will receive up to 260 million ruble ($3.4 million) from two major corporate funds: Orbita Capital, the venture arm of state corporation Rosatom, and Veb Ventures (formerly VEB Innovations), which is backed by state development agency VEB.RF (Vnesheconombank). The startup will receive a first tranche of 130 million rubles, the second … Smart city solution developer to receive up to... Read more ›
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Yandex, the NASDAQ-listed Russian Internet giant, is acquiring K50. According to businesss daily Kommersant, this is a full acquisition and an exit for the company’s shareholders, which include the venture fund AddVenture Capital and the management. Confirming the transaction in an exchange with Kommersant, a Yandex representative said K50 will be able to scale up its … Yandex acquires context ad platform K50 Read More Read more ›
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According to BCG report Global Payments 2020: Fast Forward into the Future, Russia is among the five world leaders in terms of speed for the transition to non-cash payments during the Covid-19 pandemic. Analysts calculated the net change in consumer cash payments, based on the proportion of consumers who used cash more frequently during the … Russia among top 5 countries for transition to cashless payments during pandemic Read More Read more ›
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Open Innovations, one of Russia’s largest events dedicated to technology and related business, policy and other topics, will be held this year in a new “phygital format” from October 19 till October 21. The key topic of torum will be the post-COVID world order: how our understanding of technological priorities has been transformed under the influence of an … Open Innovations 2020: Leveraging tech for survival economy and human-centric society... Read more ›
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iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100 million in this country in the next two years. These investments are aimed to “improve the Russian customer services, support and expand product export by Russian manufacturers, [develop] partnerships with Russian logistics companies, expand in-house technology development center operations, and build … US health and beauty online giant iHerb plans to invest $100... Read more ›
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My.Games Venture Capital (MGVC), an investment firm affiliated to LSE-listed Mail.ru Group, has just acquired a majority stake in Russian game publisher Deus Craft, reports Rusbase. MGVC intends to put up to $49.1 million to acquire 51.16% of the company, including an immediate payment of $14.1 million and potential additional payments totalling $35 million, depending on the … Mail.Ru buying spree: My.Games invests in 3 game studios in 3 weeks... Read more ›
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My.Games Venture Capital (MGVC), an investment firm affiliated to Mail.ru Group, announced last week an investment in Russian studio Reaction Games. The amount of the deal was not disclosed, but MGVC said it received “a minority stake with the option to buy a controlling stake.” Reaction Games was founded in 2020 as a mobile business unit of Alternativa … Mail.ru Group’s My.Games invests in Russian studio Reaction Games Read More Read more ›
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Lanit-Integration (part of the Lanit group) and Intel have developed and implemented a system for remote coordination and protection of medical workers in 39 clinics across Russia (as of August 2020). The technology — initially intended for industrial purposes — is based on ergonomic ‘smart glasses’ equipped with a video camera and a compact screen. … Intel-backed telemedicine service aims to protect medical workers from Covid-19 across 39 Russian clinics... Read more ›
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Russian sovereign wealth fund RDIF, China’s Tencent and Prosus (part of the Naspers Group), alongside other major strategic investors, have participated in Mail.Ru’s $600 million offering of Global Depository Receipts (GDRs) and convertible bonds. The LSE-listed company will use the proceeds from the offering to develop, in particular, two joint ventures: O2O, which Mail.Ru launched … Naspers, Tencent and RDIF back Mail.Ru’s GDR and bond offering Read More Read more ›
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Yandex and Sberbank’s fight to gain control of Russia’s finance and technology industries is being billed as the corporate showdown of the decade. “Sberbank versus Yandex: The battle of the super platforms has begun,” declared Russian business daily Vedomosti last week. Novaya Gazeta went further, dubbing it a “war of the ecosystems.” The clash — which has … Yandex vs. Sberbank: The battle of Russia’s superplatforms begins Read More Read more ›
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Ozon Holdings, Russia’s leading multicategory e-commerce company, aims to go public later this year or beginning of next: asannounced Friday, an IPO registration procedure with the US Securities and Exchange Commission has just been started. The company did not provide any details on the potential placement but, according to sources quoted by The Wall Street Journal, it could be valued between $3 billion … Russian digital majors Ozon and ivi.ru... Read more ›
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6% 1 |
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28.11.2024 00:48
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