KupiVip.ru confirms plans for IPO in New York “within 2 years”

East-West Digital News 19 June 2012 KupiVip’s CEO Oskar Hartmann confirms plans to hold an IPO in New York “within two years,” Reuters reported yesterday. ”We have already made quite good progress and [an IPO] is likely. We need to grow to reach the size [of business]...

Ru-Net Ru-Net invests $17 million in Indian e-commerce

East-West Digital News 18 June 2012 In yet another step in its international expansion, Ru-Net, a major Russian venture fund, has invested $17 million in Freecultr.com and BeStylish.com, two Indian e-commerce companies. The news on the investment in Freecultr – a...

Leta Leta GIV invests in photo storage startup BaltoStorage

East-West Digital News 15 June 2012 Leta GIV, the corporate venture arm of Leta Group, announced an investment earlier this week in Baltostorage, an online service that allows users to store their pictures in a secured way. The fund invested $350,000 for an...

LinguaLeo raises $3 million, fulfills “American dream”

East-West Digital News 15 July 2012 LinguaLeo, a Russian startup with a web service that teaches English using popular TV serials, books and contextual dialogues, has just secured $3 million from Runa Capital, a major Moscow-based venture fund. The site now serves 1.5...