Eastern Europe / Tech

Russia’s top retail and tech companies join forces to hunt for innovations in the rest of the world

Ben Aris in Berlin February 27, 2020

As Russia’s retail and tech sectors consolidate, the leading companies are turned their gaze outwards to hunt for new technology and innovation.

BlaBlaCar stops offering its services in Crimea to avoid EU sanctions

EWDN in Moscow February 27, 2020

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 considers expansion to Western Europe

bne IntelliNews February 26, 2020

Wildberries, Russia’s leading e-commerce player, is considering expanding across Europe’s largest countries

Russia’s internet giant Yandex announces growing and more diversified revenues in 2019

EWDN in Moscow February 26, 2020

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 considers expansion to Western Europe

EWDN in Moscow February 26, 2020

Wildberries, Russia’s leading e-commerce player, considers expanding across Europe’s largest countries

Russian fund Da Vinci Capital gets €30mn from Germany’s DEG to invest in Ukraine, Belarus and Kazakhstan

EWDN in Moscow February 26, 2020

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

Founders of Russian Yandex.Food to quit the company

bne IntelliNews February 26, 2020

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

Yandex bets on super-fast grocery delivery

Vladimir Kozlov in Moscow February 18, 2020

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.

Video streaming platform ivi.ru considers Nasdaq IPO this year

EWDN in Moscow February 18, 2020

After receiving a $40mn capital injection last year, Russian online video company ivi.ru has plans to go public.

Moscow links 100,000 security cameras to powerful facial recognition system

EWDN in Moscow February 18, 2020

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.

From politics, to PR, to venture: How a young Russian woman made her way to Silicon Valley

Adrien Henni in Paris for East West Digital News February 18, 2020

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

Founder of fintech firm Revolut Perestersky becomes Russia’s latest tech billionaire

Ben Aris in Berlin February 17, 2020

Revolut has just completed another round of financing and raised $500mn to fund further expansion, bringing its overall valuation to $6bn.

Russia’s TCS Group ventures into fintech in Europe

bne IntelliNews February 7, 2020

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.

Russia to start developing its own 5G equipment

bne IntelliNews February 4, 2020

The Kremlin chose unpopular frequencies for 5G rollout to drive home-made infrastructure development and could enforce the use of domestically produced servers.

Russian VTB Bank launches online car marketplace

bne IntelliNews February 4, 2020

Russia’s second-largest bank launched the online car marketplace in partnership with ILSA, an aggregator of 871 official dealers in 71 Russian cities.

Dismiss