Russia: Dostavista raises $800k; Arkady Rotenberg invests in edtech startups

Crowdsourced courier service Dostavista raises $800,000 and enters the Indian market while billionaire Arkady Rotenberg partners with Russian state fund FRII to develop edtech startups.

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.

Also Read:

Russia:Mail.ru Group acquires Pixonic for $30m; Sberbank hops on the blockchain bandwagon; Kassir.ru expands to Belarus and Lithuania

Russia: Yandex explores payments space;MEL Science closes $2.5m Series A; IIDF invests in Metacommerce

Russia: New medtech cluster, Addventures leads $3m Series A in MoveSouq, Sistema invests in Luden 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.