Russian daily deal site Biglion has secured about USD 25 million in funding from prominent public and private equity investment firm Tiger Global Management. Launched in March 2010, Biglion is the leader in the domestic coupon market and has 7 million users with annual sales exceeding USD 150 million. The firm had received the first [...]

Tiger Global is considering investing into Gismeteo.com the equivalent to Weather.com in Russia. Funds from the investment will be used to upgrade Gismeteo’s weather data collection stations throughout the country. Gismeteo.com (www.gismeteo.com) Gismeteo.com is the largest weather information site accessed in Russia. With over 12 million unique visits each month, the site was able to [...]

Investor Tiger Global Management continues to pump money into the Russian Internet market with the announcement of fresh financing for Wikimart, an online shopping mall for Russian language Internet users. Tiger Global was chosen as Wikimart’s main investor in 2010. Their first investment was worth USD 5 million; this second round is reportedly USD 7 [...]

Yandex, the undisputed champion among all Russian-language Internet sites, has announced plans for a NASDAQ IPO in June or July 2011. The USD 1 billion IPO will be managed by Morgan Stanley and Deutsche Bank. Existing shareholders like Almaz Capital, Baring Vostok Capital Partners, Runet II, Tiger Global, and UFG, which collectively own about 60% [...]

GetJar, an app provider for dozens of smart-phone platforms, has announced series C funding which will provide tens of millions of dollars to aid in expansion, sales and marketing, and engineering plans. Tiger Global Management is providing USD 25 million for this series, just a month after announcing a USD 6 million investment in Letsbuy.com, [...]

Fresh off the £1 billion Mail.ru Group IPO earlier this month, it appears that Russia’s leading Internet search engine, Yandex, is considering a possible IPO of its own in 2011. Under current market conditions, a Yandex IPO in London could be worth £1 billion. While the London Stock Exchange seems to be the front runner [...]

The value of U.S.-based LikedIn Corp. got a good boost in July after a USD 20 million investment by Tiger Global Management, LLC. The Tiger investment represents a 1% stake, acquired through the purchase of shares from existing shareholders at USD 21.50 per share. With 105 million shares still outstanding, the USD 21.50 price values [...]

With Russian online travel sales expected to increase to as much as 30% of the total travel sales market, online travel sites stand to benefit greatly in coming years. The good outlook may be one of the things that has motivated New York-based Tiger Global Management to invest in Russia’s Anywayanyday.com. Tiger global has acquired a 40% [...]

Rumors have been circulating around Russian search engine Yandex and its plans to raise several billion dollars in a future IPO. Now a handful of Yandex private investors including Oradell Capital have sold shares equalling a 9% stake in the company, to a group being managed by Baring Vostok, UFG Asset Management, and Tiger Global [...]

South African media group Naspers, which first purchased a stake in Russia’s mail.ru in January 2007, has made an additional purchase and is now the majority stock holder. The latest deal was valued at approximately USD 25 million, and combined with the first purchase at USD 165 million, Naspers total investment is estimated in the [...]

A group of international investment firms have acquired minority stakes in the Estonian job website CV Keskus. GILD Bankers advised the company on the transaction to invest more capital into the fledgling company. Tiger Global Private Investment Partners IV, Digital Sky Technologies Limited and Bexley International Investments Limited became active investors with the goal of [...]

Tiger Global Management acquires a minority stake in Neogen SA and eJobs Group srl. Neogen Neogen, which has currently more than 800,000 visitors a week, owns a number of websites, the best known being bestjobs.ro, noi2.ro, doizece.ro and club.ro. Currently, Neogen has more than 1.3 million register users. eJobs Group (www.ejobs.ro) eJobs ranks first on [...]