As Russia’s retail and tech sectors consolidate, the leading companies are turned their gaze outwards to hunt for new technology and innovation.
BlaBlaCar, the carpooling giant born in France, has stopped offering its services in Crimea, where it had been operating since 2014. The decision aims to avoid being targeted by the EU sanctions against firms operating on the peninsula, according to
Wildberries, Russia’s leading e-commerce player, is considering expanding across Europe’s largest countries
In February Yandex, the NASDAQ-listed Russian Internet giant, announced its unaudited financial results for Q4 and FY 2019. Consolidated yearly revenues grew 37% from 2018, reaching RUB175.4bn ($2.83bn)
Wildberries, Russia’s leading e-commerce player, considers expanding across Europe’s largest countries
Moscow-based top private equity fund manager Da Vinci Capital has agreed with DEG, a state-owned German development finance institution, on a €30mn contribution to its new fund, Da Vinci Capital Technology Fund III
Russian internet major Yandex has seen an exodus of managers from its foodtech subsidiaries. Top managers are leaving to rivals as competition in the food delivery segment heats up
The Russian tech giant Yandex is taking on Russia’s supermarket chains by offering super-fast delivery service that promises to get groceries to your door in under 15 minutes.
After receiving a $40mn capital injection last year, Russian online video company ivi.ru has plans to go public.
Dmitry Golovin, who leads the Moscow IT Department’s video surveillance division, has revealed during a forum called Security Technologies that 105,000 of the city’s security cameras are connected to a facial recognition system.
Masha Drokova once kissed Putin when she was a leader of “Nashi,” a pro-government Russian youth movement. Now she is a darling of VC funds in Silicon Valley
Revolut has just completed another round of financing and raised $500mn to fund further expansion, bringing its overall valuation to $6bn.
Leading Russian consumer lender TCS Group, which operates Russia’s only pure online bank Tinkoff, will invest in the fintech project launched in Europe by two of its managers.
The Kremlin chose unpopular frequencies for 5G rollout to drive home-made infrastructure development and could enforce the use of domestically produced servers.
Russia’s second-largest bank launched the online car marketplace in partnership with ILSA, an aggregator of 871 official dealers in 71 Russian cities.