Germany’s Delivery Hero and Russia’s Foodik announce merger

East-West Digital News Last week, Delivery Hero, a Berlin-based online food ordering company operating in a dozen of countries, and Foodik.ru, announced a merger agreement aiming to “compete for leadership on the Russian market” and “access new international growth...

Freight One Stake Approved for Sale to Lisin

Moscow Times 16 November 2012 The government authorized the sale of 25 percent in Freight One to Vladimir Lisin’s NTK in what may become a major consolidation in the rail transportation industry, Vedomosti reported Thursday. NTK will buy the stake from Russian...

VitaPortal secures $2 million from Prostor Capital and Esther Dyson

East-West Digital News VitaPortal.ru, a medical portal launched last year by Fast Lane Ventures, announced yesterday the completion of a $2 million Series A round led by Prostor Capital, a fund co-created in 2011 by former Russian telecom minister Leonid Reiman, with...

Ninety startups trade shares electronically through IPO Board

East-West Digital News Six months after its launch, the IPO Board platform has attracted no fewer than 90 non-listed startups, enabling them to trade their shares electronically through private placements. An initiative of the Moscow stock exchange, IPO Board – also...