Revenue rises 75% as mobility platform becomes third largest European scooter operator in the peak season.
Russian e-commerce major Ozon is expanding its presence in Kazakhstan. In August, Ozon began delivering orders to 2,000 post offices around the country in a partnership with Kazpost that will increase pick-up 20-fold.
Croatia-based GammaChef robots are capable of preparing one-pot dishes.
Cluster Power technology park will host an artificial intelligence infrastructure centre developed in partnership with Nvidia.
Russian e-commerce is booming and grocery delivery is becoming a key growth driver for the sector. By 2024 the turnover of this business may exceed RUB1 trillion, according to Infoline.
Deal to create global cybersecurity giant listed on Nasdaq.
Most of the startups focus on business software development and fintech solutions.
FintechOS says its low-code approach to digital transformation improves the accessibility, affordability and impact of services for the financially excluded. This is what convinced the IFC to invest.
Investment to be used to strengthen Bazzar’s market position in Croatia and expand to international markets.
Funding round will accelerate the development and commercialisation of Gideon Brothers’ AI & 3D vision-based autonomous mobile robots.
Total of 63 Turkish start-ups raised $746mn in Q2, bringing H1 figures to 129 deals worth $1.26bn, says Startups.watch. Country has several enterprises that look set to become unicorns waiting in the wings.
Welldone, a Russian artificial meat startup founded last year, has secured $1.5mn from two local funds.
OCSiAl, the Russian-founded global graphene nanotube leader, has inked an investment and business cooperation agreement with Japanese giant Daikin Industries.
Baring Vostok, the Russian PE/VC giant, Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin, and Goldman Sachs have invested $50mn in GetCourse
Facebook has launched its C2C classifieds platform, dubbed ‘Marketplace,’ in Russia, reports the news agency TASS, as cited by East-West Digital News (EWDN).
Online groceries delivery player has followed an aggressive expansion strategy that has this year taken it to London, Amsterdam, Berlin and Paris.
Largest capital injection so far raises valuation to $4bn and will be used to fund grocery delivery business.
Deutsche Telekom is selling its 54% stake in Romanian fixed line operator Telekom Romania Communications to Orange’s local subsidiary.
E-commerce platforms in Russia will have to disclose their ranging algorithms and guarantee participants a possibility to control prices, according to proposals currently considered by the federal anti-monopoly service.
Almost one year after heavy political crackdowns began in Belarus, its IT industry faces extremely uncertain prospects.