Dostavista secures $800,000 to enter international market
Crowdsourced Russian courier service firm Dostavista has raised $800,000 through existing unnamed Russian investors to foray into global markets.
The startup has now penetrated the Indian market, launching its service in Mumbai, Delhi and Bangalore, with technical support provided from Russia.
Dostavista founder Mikhail Alexandrovsky said, “Dostavista will become a part of the e-commerce delivery infrastructure in emerging markets. We already know how to rapidly adapt the product to a new market, and intend to do so in a few more countries in the short term.”
The startup, which operates in Moscow, St. Petersburg and four other Russian cities, has previously raised over 22 million rubles in two separate rounds, the last financing round being in late 2014.
Rotenberg-FRII partnership to invest $50m in edtech startups
Russian textbook publishing house Prosveshchenie, chaired by billionaire Arkady Rotenberg, has partnered with the Internet Initiatives Development Fund (IIDF) to invest $50 million for an accelerator targeted at edtech startups.
The publishing house will invest up to 3 billion rubles while the FRII will select startups and invest 500 million rubles to the programme.
The initiative will target startups operating in the education technologies domain. This includes online courses and projects related to robotics, as well as virtual reality (VR) and augmented reality (AR) solutions applied to education.
Each selected startup will also receive 2.1 million rubles from FRII in exchange for a 7 per cent equity stake as part of the initial stage of the program. In exchange for a 10-15 per cent equity stake, FRII’s next-stage capital injection can total 15 million rubles.
Prosveshchenie has announced that it will not set a limit to the amount spent on the programme.