myToys, an online retailer of children’s goods owned by Otto Group, ceased its activity earlier this month in Russia after more than 10 years of operations.
VTB Capital, a division of the state bank VTB, is in the process of acquiring a 15% stake in the Delimobil car-sharing service.
In late May Russian insuretech leader BestDoctor closed a $26mn round with an impressive investor consortium. The money was brought in by Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin.
In early June Tinkoff, the Russian digital banking giant, announced the beta version of its free voice assistant ‘Oleg,’ making it available to all mobile users in Russia.
According to Aviasales.ru, Russian travellers booked 15% more tickets through its air ticket online booking platform than in the pre-COVID year of 2019.
Safetech plans to target the UK and US markets after fundraising.
€36mn data centre to be built in southern Romania near Craiova.
Company given valuation of more than $7.5bn. Berlin and Paris expansions expected this month.
Startup Rubicon plans to launch payment services in under-banked Albanian market.
Berlin-based retailer starts CEE expansion drive with plans to enter eight new markets by end-2022.
Vote follows years-long debate over Uber's entry to Slovenia as local taxi drivers fear unfair competition.
Russian e-commerce domestic sales of physical goods amounted to RUB2.7 trillion (some $37bn at the average exchange rate of the year), up 58% from 2019 – placing Russia among the world’s fastest-growing e-commerce markets.
Takeover of two Belgrade-based companies to help Mlogica meet escalating worldwide demand for big data solutions.
In this second coronavirus spring, Russian-founded food delivery services are making their way in western countries. One of them is Getfaster.io, a German fresh product retail and delivery company launched in 2020.
Slovenian lender looks to Serbia as struggles to fill R&D vacancies locally.
Fundraising for European expansion includes €1.1mn raised through Seedblink's own platform.
Safetech Innovations has benefitted from the need to ensure security during the shift to work from home.
Thomas Plantenga says Canada is a "great fit" for the second-hand clothing platform as interest in the circular economy grows.
Barcelona-based delivery company interested in the emerging Europe region where people have embraced on-demand delivery platforms.
SeedBlink has become a crucial part of the early stage funding system in Romania, having participated in 45% of the pre-seed and seed financing rounds of Romanian startups in 2020.