Staff Reporters
Feb 13, 2012

Russian VC firm eyes $50 million SEA investment

SINGAPORE – Moscow-based venture capital firm Ru-Net has teamed with SEA-based Digital Media Partners, with plans to invest $50 million in the sub-region.

Ru-Net is set to invest $50 million in Southeast Asia
Ru-Net is set to invest $50 million in Southeast Asia

Focussing on internet and IT investment, subsidiary Ru-Net II has invested in 10 promising businesses in Russia since its inception in 2007. These include group-buying site Big Lion, video-streaming service ivi and advertising company iContext.

Within Southeast Asia, it was reported in September 2011 that Ru-Net was one of the investors putting $60 million into Vietnam internet holding company MJ Group. German company Rebate Networks and IDG Ventures also became partners of the company.

MJ owns portals and, which offer navigation and e-commerce services, as well, a mobile applications company, and Two Media, an online advertising company. The company has around 500 employees in Hanoi and Ho Chi Minh City.

It is understood that Ru-Net plans to invest between $5 million and $20 million in a single transaction, focusing on start-ups that have already gone past the seed round and operate in the areas of online travel, e-commerce, entertainment, and social gaming.

Ru-Net’s partner in the region is Digital Media Partners, which is described as a team of media entrepreneurs and investment professionals dedicated to development of digital media industry in emerging markets.

Currently focussed on the emerging digital markets of Southeast Asia – Malaysia, the Philippines, Indonesia, Thailand and Vietnam - the team comprises Singapore based Dmitry Levit and Hannah Nguyen, Bangkok-based Maxim Titov and Moscow-based Maria Shevtsova.

Related Articles

Just Published

8 hours ago

Tech Bites: Week of August 15, 2022

News from Coca-Cola, Nielsen, Hivestack and more.

8 hours ago

Serena Williams: Inspiring brand lessons from the GOAT

Williams is as much a master on court as she is off-court when signing major brand deals and honing her personal brand. Brand experts pick out lessons to pick up from the tennis legend.

13 hours ago

Dentsu scores high with a third of the wins in June

Global new-biz round-up: However, the largest account was picked up by WPP’s Mindshare.

19 hours ago

M&C Saatchi and the brutal complexity of (being) bought

Why the hold-up in the takeover process and where are things now? Campaign explains.