Russian accommodations booking website Oktogo has raised a massive USD11 mln round of financing from its present investors, which include VTB, MangroveandVentech in addition to Victor Sazhin, a well-recognized name in online marketing. The funding will go towards the Herculean task of converting local market regions from offline travel booking to an online service, and [...]

Copenhagen-based tech startup Evertale APS has secured seed funding from VC firm Mangrove Capital. The funding will be used to develop apps for different operating systems and take the present Android-based version beyond the beta stage. Evertale  (evertale.com) Evertale is a smart application that captures the user’s physical movements, calls, images and other details automatically [...]

Israel-based Pops, the Android apps developer, has bagged a USD 1.5 mln round of funding from Mangrove Capital Partners. Mangrove has already invested into Israel’s tech market through Wix and SohoOS, and this last investment has put them on the fast track in Israel’s technology market. Pops (getpo.ps) Pops is essentially an Android applications developer [...]

Mangrove Capital Partners, an early-stage venture capital firm, has made the decision to invest in BeStylish.com, an India based online shoe store. The initial investment is valued at several million dollars. Smile Interactive (www.bestylish.com) Launched by the Smile Interactive Group of India in 2011, BeStylish.com is one of three online shopping sites owned by the [...]

Russia’s Oktogo.ru website, an online portal for booking hotel reservations, has received an additional USD 5 million in its latest round of fundraising. Leading the round was European VC firm Mangrove Capital Partners, making it the fifth Russian investment from the firm. ABRT Fund and Ventech joined Mangrove for this round. Last year Oktogo.ru was [...]

Investment in Russia’s e-commerce sector have reached an all-time record with the recent USD 55 million deal involving series C funding for KupiVIP.ru. Balderton Capital, Bessemer Venture Partners, and Russia Partners led the round, and in doing so acquired a significant stake in the Russian retail shopping portal. Two other previous investors, Mangrove Capital and [...]

With the Russian e-commerce market expected to reach the USD $6 billion mark later this year, investors are looking for ways to get in on the high-growth opportunities. ABRT Fund and Mangrove Capital are no exceptions, having just invested in group purchasing site KupiBonus.ru in a deal that has been suggested could be worth as much as USD [...]

Luxembourg’s Mangrove Capital and Russia’s ABRT Fund have recently made an investment in Drimmi, a Russian social gaming company. The investment is estimated at several million dollars in exchange for a 20% stake. Drimmi apparently intends to use the new funding for the development and launch of its inaugural products. Drimmi (www.drimmi.com) Drimmi is a [...]

KupiVIP.ru, the Russian online shopping club led by CEO Oskar Hartmann, recently concluded a third round of new funding to the tune of USD 20 million. U.S.-based Accel Partners led the round and was joined by previous investors Arlan, Direct Group, Mangrove Capital Partners, and Oliver Jung. KupiVIP.ru has managed to raise a total of USD 31 million [...]

Russia’s KupiVip.ru, an online shopping club specializing in discounted fashions and accessories, has raised USD 8 million in financing from investors Mangrove Capital Partners, Arlan, and ABRT Fund. The transaction increases the total investment the three companies have made in KupiVip.ru, adding to the USD 3 million deal put together last year. KupiVIP (www.kupivip.ru) KupiVip.ru, [...]

European investment group, Mangrove Capital Partners, along with Moscow-based ABRT Venture Fund and Arlan Investment Group have invested USD 18 million into online shopping club KupiVIP, operated by Privat Trade Ltd. The funds will assist the KupiVIP to establish itself in the untapped Russian market. KupiVIP (www.kupivip.ru) KupiVIP is a private shopping club that allows [...]

European early stage investor, Mangrove Capital Partners, along with ABRT Venture Fund have announced a USD $1 million investment into Entermedia. The funding is aimed at helping support Entermedia’s expansion into other language markets. Entermedia (www.entermedia.ru) Entermedia is a Russian firm that places advertisements in flash-based games. Using the company’s proprietary technology, it has become [...]

bmp Media Investors and Mangrove have invested in Republika Kobiet, a lifestyle portal dedicated to women. Republika Kobiet Sp. z.o.o. (www.republikakobiet.pl) Republika Kobiet is building a lifestyle portal dedicated to women. As a first step before starting the portal, Republika Kobiet, together with TV4, launched a webpage for the women-dedicated program, Mala Czarna, broadcast daily [...]