Russian investment fund Digital Sky Technologies is planning on starting a tech fund worth USD 1 bln. With high profile companies like Facebook, Twitter and Airbnb, among others, already in its portfolio, the DST Global III fund will target late-stage development companies already valued at over USD 500 mln. Investors in the fund will receive [...]

Russian Entrepreneur Yuri Milner’s DST will acquire a minority stake of 4 percent in Zalando, an online footwear retailer operating across Europe. Zalando is the footwear division of business incubator Rocket Internet and was launched by the Samwer brothers of Germany, who will also be taking part in this round of funding. Zalando currently generates [...]

Russia’s top internet fund DST Global is looking towards Indian internet firms after a successful foray into similar Chinese companies this year. After opening their Hong Kong office this year, they’ve already invested in the retail-oriented 360buy.com and B2B trade portal alibaba.com in China. DST Global has now expressed its interest in investing in Mumbai-based [...]

Investors Silver Lake Partners and DST Global have agreed to jointly invest USD 1.6 bln in Chinese e-commerce company, Alibaba Group. The funds will primarily be used to buy back stock from employees in order to provide liquidity to them; for the liquidation program, Chinese private equity firm Yunfeng Capital will also be a lead [...]

CrunchFund, the venture capital company founded by Michael Arrington who introduced the world to TechCrunch, may well join peers like Siguler Guff & Company, which will invest USD 250 million in a tech hub outside Moscow, Skolkovo, cited to be the Russian Silicon Valley. Though investing is Russia is still considered a risky venture, big-name investors [...]

DST Global, a London based venture firm, has led a USD 50 million round of funding for ZocDoc, an online service which allows patients to make appointments with doctors in real-time. This was a Series C financing round. This latest investment values ZocDoc at USD 700 million. ZocDoc (www.zocdoc.com) ZocDoc was founded in New York [...]

DST Global, the firm owned by Russian business mogul Yuri Milner, lead a Series E round in Twitter, valued at USD 400 million. DST Global recently raised USD 1 billion for DST Global 2. This investment will put the value of Twitter at USD 8 billion dollars. This stake implies a 5% holding in the [...]

China’s online electronics dealer, 360buy.com, has just completed an extraordinary round of financing to the tune of USD 1.5 billion. The fundraising effort involves a group of investors including Russia’s DST, which contributed USD 500 million on its own. 360buy.com reported USD 500 million in funding last December from a list of investors that allegedly [...]

Anticipating the expected November IPO of Mail.ru Group on the London Exchange, the company has been valued by book runners near USD $5 billion. VTB Capital goes slightly higher at USD $5.5 billion. Mail.ru Group, which until recently was known as Digital Sky Technologies, plans to float 10%-15% of its shares during the course of [...]

In anticipation of an October 2010 IPO, Russian internet investor Digital Sky Technologies has changed its name to Mail.ru Group. The name change takes advantage of the well-known reputation of Mail.ru in Russia, ahead of the London share sale which could generate as much as USD 6 billion. Mail.ru Group’s investment arm, DST Global, has [...]