Iz ruk v ruki, a website for private and commercial ads from Russia, announces the opening of its new design direction for the acquisition and development of promising start-up projects. The company will use the funds of the founder of the site to finance the startups. Furthermore, Iz ruk v ruki plans to attract Russian and foreign co-investors from companies and foundations.
The company is ready to cooperate with start-up teams that realize projects in real estate, auto, goods and services, and platforms for online retailers.
Iz ruk v ruki is mostly interested in startups that develop innovative technologies and products, but have no money to achieve full development. Terms of cooperation will be discussed individually with each startup team, depending on the needs of the project.
The director of Iz ruk v ruki portal Elbrus Hasanov says that Russian venture capital market is in its infancy. There is certain shortage of funding for projects at early stages of development. By supporting projects related to our core business sectors, we are laying the foundation for the successful development of companies in the years ahead.