The French search engine for car-sharing BlaBlaCar has taken over the Ukrainian site Podorozhniki, in order to enter the Russian and Ukrainian market. The cost of the deal has not been disclosed, as was the case with the expansion in Italy and Spain, but the Podorozhniki site is no longer available and all of its accounts have now transferred over to BlaBlaCar.
At the time of the deal there were around 30 thousand users registered on the Ukrainian site, and approximately half of them were living in Russia.
Vitaly M. Golomb is taking on a decidedly unsexy incumbent market: the printing industry. While the rest of us are ebooks this and PDFs that, millions of dollars are changing hands in order to print out signs, brochures, and other collateral. But that world of offsets and ink is still primitive, which is why Golomb built Keen.
“Keen capitalizes on the fast growing web-to-print market that is already measured at $141 billion of the total $640 billion print market and growing. The industry includes everything from business cards and brochures to posters and car wraps to apparel and packaging. Almost that entire business is highly time sensitive and therefore is driven by the hundreds of thousands of local shops – shipping is very expensive,” said Golomb.
Earlier this month, the Moscow-based management company Flint Management launched a venture fund dedicating to developing e-commerce in Ukraine. This move comes just weeks after the company announced the creation of Flint Capital, a $35 million fund with a large high tech investment focus in Russia and Ukraine.
Christened ‘Bull Ventures,’ the new fund has $10 million of committed capital at the time of first closing, but its managers told East-West Digital News that they target no less than $40 million. The new fund’s LPs include “Russian and Ukrainian individual and institutional investors from the financial, logistics, media, IT and retail sectors.”
Divan.TV, a Ukrainian developer of OTT middleware and pay TV channels with 125,000 users in Ukraine, has made its programs available worldwide, targeting Russian- and Ukrainian speaking audiences.
According to the company, this audience reaches about 80 million households in total, including 16 million in Ukraine, 32 million in Russia and more than 30 million in other countries across the globe. This corresponds to an up to 300-million global audience.
Online education, e-commerce and entrepreneurship discussed in Kiev by investors and startups from all over the world
As in the previous years, the 2013 IDCEE conference attracted to Kiev, Ukraine earlier this month an impressive number of investors, startup entrepreneurs and IT professionals from over 45 countries (see videos).
The core topics of this year’s conference were online education, e-commerce, and entrepreneurship in Brazil. The event – which took place in a huge sports complex – featured over 70 outstanding speakers, 50 keynotes and 8 panel discussions from the industry leaders across the globe.
TA Venture Managing Director and IDCEE organizer Viktoriya Tigipko: “Kiev is an entry point for international VCs for Central and Eastern Europe”
Not only is Mrs Tigipko one of these exquisitely educated and beautiful ladies one can meet in Kiev, she also is an inexhaustible source of ideas and energy when it comes to innovation and venture activity. In a mere three years, she has transformed a Kiev event, IDCEE, into the international face of the East-European startup and venture scene. Meanwhile, her fund TA Venture has invested in dozens of startups in Europe and as far away as Brazil and India.
Just a few days before the opening of IDCEE 2013, the business woman presented to East-West Digital News a contrasted picture of the Ukrainian high-tech industry and shared her vision of her country’s digital future. She also unveiled behind-the-scene details on how she came to the venture industry and how IDCEE started and grew, as well as key facts and figures on TA Venture.
IDCEE 2013: Kiev meeting point for US tech veterans, Eastern European startups, global VCs – and Brazilian guitar players
A rare phenomenon in such events, investors – coming from all parts of Europe and from as far away as the USA and India – come even more numerous than startup entrepreneurs. This year, the organizers expect some 2,500 participants to attend the event, including representatives from 150 startups and 300 investors with a total of $30 billion under management.
Last week Palo Alto, California-based startup Jelastic, which offers a cloud-based hosting platform for Java application developers, announced that it has secured an investment from Maxfield Capital, a $100 million Russian venture fund that focuses on the IT and Internet segments.
The startup, which has Ukrainian and Russian roots, also announced the appointment of Silicon Valley veteran John E. Derrick as the company’s new CEO.
Google has cancelled its contract with Doctor Mobile, the developer of the mobile applications for the Quickoffice service.
Google acquired Quickoffice, which is headquartered in Dallas, Texas, in June last year for an undisclosed sum. Now, less than a year later, Google is shutting down two of its offices, namely in Saint Petersburg (Russia) and Kharkiv (Ukraine), where more than 100 people are working.