EWDN: Sber goes into video with Movika acquisition

East West Digital News in Moscow April 13, 2021

In late March Sber took control of a Russian video creation start-up called Movika.

EWDN: Russian investors put millions into smartphone service startups

East West Digital News in Moscow April 13, 2021

A pool of individual investors has put RUB431mn into Beri Zaryad, a Moscow-based smartphone charging service.

Kazakhtelecom to focus on content

Vladimir Kozlov in Moscow April 12, 2021

State-run Kazakhtelecom, Kazakhstan's largest telco, plans to produce more of its own content, seeing it as a promising direction of development at a time when regular telecom services are no longer as profitable as they used to be.

EWDN: Investment in Ukrainian-founded startups reached record high $571mn in 2020

East West Digital News in Moscow April 7, 2021

In 2020, the total VC and PE investment volume in Ukrainian or Ukrainian-founded tech companies reached a record high $571mn, according to a new report from AVentures Capital

Kremlin gives Twitter another month to comply with content removal demands

bne IntelliNews April 7, 2021

Russia’s internet regulator Roskomnadzor has extended the deadline until May 15 for Twitter to delete content the government objects to or face a ban, the watchdog said on April 6.

Albanians’ online purchases surged in 2020

bne IntelliNews April 6, 2021

Online purchases were made by 19.5% of the population aged 16-74 in 2020, as the pandemic caused an uptick in online retail across the region.

Russian food delivery service Yandex.Lavka expands to Kazan amid global express e-grocery race

NEO April 3, 2021

Russia’s Yandex.Lavka, the on-demand e-grocery delivery service launched by Russia’s NASDAQ-listed tech giant Yandex, last week announced its expansion to Kazan.

Mid Europa builds cross-Baltic e-shopping platform

bne IntelliNews April 1, 2021

Buyout group that owns Poland's Allegro agrees to acquire Pigu and merge it with Hobby Hall.

Romanian smartphone producer Allview prepares for listing

Iulian Ernst in Bucharest March 31, 2021

Allview to follow smaller peer iHunt onto the Bucharest Stock Exchange to finance its development plans.

Romanian online retailer eMAG announces €650mn expansion plan and new CEO

Iulian Ernst in Bucharest March 30, 2021

eMAG to invest in regional expansion and developing its logistics and online marketplace.

Russian VC market fell to $702mn in 2020, foreign investment reached new lows

East West Digital News in Moscow March 29, 2021

Dsight, a Moscow-based business intelligence company with a focus on investment, has just released the English version of its yearly Russian venture report.

Russian gaming giant Playrix acquires Ukrainian Boolat Games

East West Digital News in Moscow March 29, 2021

Playrix, a global Russian-founded gaming giant, has announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal have not been disclosed, reports East-West Digital News (EWDN).

Romanian software robot developer UiPath announces NYSE IPO

Iulian Ernst in Bucharest March 29, 2021

UiPath's latest financing round in February put the company's value at $35bn and the issue should be one of the largest on the NYSE this year.

Getir becomes Turkey's second tech unicorn as it raises $300mn

Akin Nazli in Belgrade March 28, 2021

Following London arrival, online groceries delivery company planning to open in Sao Paolo, Mexico City, Paris, Germany and the Netherlands.

Twitter to appoint Turkey representative to comply with stringent social media law

Akin Nazli in Belgrade March 25, 2021

All the major platforms have fallen in line.

German IT company LeanIX acquires Slovenian-US Cleanshelf

bne IntelliNews March 24, 2021

Acquisition of software-as-a-service (SaaS) management provider comes as market for SaaS tools has expanded dramatically in recent years.

Croatia’s Rimac Automobili opens R&D bureau in UK

bne IntelliNews March 24, 2021

Electric super-sports car producer sets up in Warwick Enterprise Park, founder Mate Rimac hopes to employ "world-class" British engineers in the field of electrification and future of mobility.

Robot fleet to be deployed at Croatian Atlantic Grupa' logistics centre

bne IntelliNews March 22, 2021

Robots "working side-by-side with people" in Croatian FMCG group's warehouses.

Two startup entrepreneurs from Russia aim to revolutionise SME finance in Germany

East West Digital News in Moscow March 22, 2021

Russian-founded startup launches a “4-in-1 finance platform” for SMEs – a solution that automates administration and accounting processes.

Russian tip automation start-up acquired by Alfa Bank 18 months after launch

East West Digital News in Moscow March 22, 2021

Alfa-Bank is in the process of acquiring Netmonet, a start-up that uses QR codes to automate tips in restaurants, cafés and beauty salons.