Russia’s online population has exceeded 60 million people, making it the largest Internet market in Europe. In 2012, the fastest-growing Internet companies in Russia come from online travel, cloud computing, social and advertising businesses.
Facing fierce competition from global brands, Russian Web companies were able to emerge as market leaders due to their focus on local user needs, the Western background of their management teams and the thorough technical education of their software engineers. Here are the top web companies in Russia in 2012.
The mobile-only business accelerator and venture investor IMI. VC is headed by Igor Matsanyuk who previously sold his online gaming business to Mail. ru Group. The portfolio of IMI. VC includes mobile game publisher Game Insight, interactive book platform NARR8, photo-sharing app WeHeartPics and startup incubator Farminers.