The Russian venture scene is tiny, but vigorous: several new funds were announced over the past few weeks, targeting a variety of sectors and geographies, sometimes with very specific approaches.
Emerge, a major conference held last week to highlight the start-up and venture scene of the ‘New East,’ has published a selection of 100 promising startups from the region, reports East-West Digital News (EWDN).
Moscow Exchange has taken control of Inguru, a major marketplace for insurance and banking products. As a result of the transaction, Moscow Exchange has got a 70% stake in the company, and could increase it to 100% over a period of five years.
Russian internet watchdog Roskomnadzor has decided not to block Twitter after the US company deleted over 90% of the material the state organ had objected to, the organ said in a press release on May 15.
IT&C services market grew by 23.4% y/y in 2020 amid shift to remote working and online services during the pandemic.
Bucharest-listed Purcari bought a 10% stake in 8Wines.com, a fast-growing online retailer of wines.
Exit CEO and founder Dusan Kovacevic says he wants the festival to be at the forefront in utilising new technologies and engaging with its tech savvy audience.
The number of miners and cryptocurrency investors in Kosovo have increased in recent years as the value of bitcoin started to rise rapidly in 2017.
2GIS, a leading mapping service owned by Sber, is in the process of acquiring RocketData, a successful geomarketing start-up from Belarus.
The Moscow Department of Transport has launched a car-sharing platform, which it says is similar to US service Turo. Currently in test mode with 100 participants, the app is available on the App Store and Google Play.
Bulgarian unit of France’s Atos completes Euro HPC supercomputer with a €11.5mn investment.
Launched in 2011, Grouper serves more than 200,000 customers in cooperation with over 3,000 companies that sell their products and services online.
The bill sets guidelines for the licensing of 5G equipment and technology suppliers, and must be promulgated before the auction of frequency bands allocated for 5G services.