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ARTIFICIAL INTELLIGENCE

Russian Mobile Operator MTS to Invest $100M in Global AI

MTS will establish a new venture fund to invest in artificial intelligence across the world.

Russian Online Retail Pioneer KupiVIP Shuts Down

A failed deal with Yandex was the final chance to save the company, which struggled to compete with well-backed online retail firms.

Sberbank Accelerates Ecosystem Investment

The state-owned banking giant is pouring resources into its quest to become one of the country's leading internet companies.

Russian Food Tech Startup Scoops $46M For U.S. Launch

Samokat will launch in New York over the summer — the latest Russian tech company with eyes on lucrative Western markets.

International expansion

Russian Food Tech Firms Look to Conquer U.S.

Rapid online grocery service Samokat is aiming to launch in New York later this year.

Russian Streaming Serve Ivi Scores $250M Investment

The largest ever deal in Russia’s online streaming industry comes as Russian government mulls new rules on foreign players.

GREEN revolution

Former Russian Government Official Denis Sverdlov Scores $10Bln With Electric Vehicle Startup

The tech entrepreneur and former deputy minister hopes his electric truck-maker Arrival can become the McDonald’s of the green transport revolution.

STARTUP STRUGGLES

Russian Venture Capital Market Falls 20% During Pandemic

Total venture capital investment came in at $703 million in 2020.

Sberbank Announces $400M E-Commerce Investment

Russia’s state-owned lender continues its push into the technology and consumer spheres.

Investment House Targets $600M Fund for Russian Tech

Following success with unicorn startup HeadHunter, Elbrus Capital is stepping up its investments in the Russian digital space.

Tinkov Eyes Rivals For Bank Sale, Despite Agreement with Yandex – Reports

Yandex-Tinkoff deal potentially in trouble, as The Bell reports billionaire owner Oleg Tinkov is courting other bidders.

Russian Digital Majors Ozon and Ivi Plot U.S. Stock Market Launches

Online retailer Ozon could be valued at up to $5 billion in IPO expected in coming months.

Yandex and Sberbank Finalize Divorce

One of the most high-profile Russian corporate partnerships is winding up.

Russian Investment World Rocked by Yet Another Arrest

Alexander Povalko, the head of Russia’s state fund-of-funds, is being held under house arrest.

Will Telegram Ever Launch Planned $1.7Bln Blockchain Project?

Pavel Durov's TON crypto project beset by technical delays, legal challenges, and investor frustration.

Coronavirus Revolutionizes Russia’s Retail Scene

Retailers have been forced to digitize, move online and transform their businesses in the space of weeks.

Yandex Posts Steady Results After Turbulent 2019

Earnings beat analysts' expectations, but profits fell short.

Russia's Online Delivery Race Sees Tough Competition

The failure of three food delivery startups show how seriously Russia’s largest companies are investing in the sector.

Why Success Is Not Guaranteed in Russia’s Online Retail Race

The downfall of Bringly — an online marketplace supported by Yandex and Sberbank — shows how tough competition is in Russia’s e-commerce sector.

November Report: Russia’s Tech, Investment and Start-up Deals

EWDN’s monthly report on Russia’s tech and investment scene covers Sberbank’s sprawling ecosystem, Badoo’s megadeal and private fund shake-ups...

October Report: Russia’s Tech, Investment and Start-up Deals

EWDN's monthly report on Russia's tech and investment scene covers internet isolation, foreign ownership restrictions and joint ventures at Mail.Ru and...

Russian Billionaire Sells Dating App Empire in $3Bln Deal

Russian-British entrepreneur Andrey Andreyev sells brands including Badoo and Bumble to investment house Blackstone.

September Report: Russia’s Tech, Investment and Start-up Deals

BlaBlaCar on the move, Calvey’s detention extended, and a new report on Russian venture capital.