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The Eruditor Group, a Russian startup that offers a variety of online services, has attracted $4 million from investors, aiming to capitalize on the country's growing industry.
The group runs several labour-booking websites which can help you find a high-quality specialist in any area, from doctors to tutors, with the current database featuring some 100,000 resumes. Users can rank, post comments on the service they've been provided.
With a staff of just 300 people located across the country, this award-winning e-commerce project has the capacity to service the needs of some 300,000 people, saving them precious time and effort.
The 6-year-old company operates in major cities of Russia, Ukraine and Kazakhstan but has ambitious plans to expand into other CIS and BRIC countries.
Eruditor prides itself on the speed of processing requests, promising users to call them back and launch the search within 3-5 minutes.
The Eruditor Group already raised $600,000 in seed funding previously. Andre Bliznyuk, from Runa Capital, called the company a market leader in Eastern Europe.
“We will put all of our resources to work to help the company grow, improve their product offering and expand into new verticals and new geographies.”
Intel Capital, the investment group of the world-famous chipmaker, is not a newcomer on the Russian market. Previously, it extended its hand to help a major e-commerce player KupiVIP.
Russian startups on the offensive
Foreign interest to Russia’s booming tech industry is not surprising. Many geek editions have been long telling their fans that Russians are coming.
Take the latest article in the GigaOM blog. Its author writes met up with the owner of Speaktoit, a startup that has set out to challenge Apple’s Siri in voice assistants apps.
He also praises two more projects he considers to be exciting - STC Innovations with their new biometric ID check relying on standard webcams, and Bazelevs Innovation, which came up with a technology called FilmLanguage that can turn text input into 3-D animation. All three of them are residents of the Skolkovo high-tech hub to be built just outside Moscow and tipped to become a clone of Silicon Valley.
Here are more lists featuring what's hot in Russia's emerging online market.
A link to Russian startups blog, with news, video and analysis of what's happening out there. And, as usual, some video to help you better understand the benefits and pitfalls of investing in Russia.
Author: Mikhail Vesely
