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Russian Free Press

“Russian Instagram” Rossgram promised investors a return of up to 950% within three years

March 15, 2023
in Daily News
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Rossgram, created as the "Russian Instagram" after blocking the American social network in Russia, promised private investors a return of 850-950% over three years in accordance with the "investment strategy". The information is posted on the official social network channel in Telegram, the Russian authorities also failed to block the messenger.

Rossgram Founder Kirill Filimonov on March 14 at an investor event presented the dynamics of “application statistics, cases of successful sales of Rossgram users, a development plan for business functions and the company's investment strategy”. At the same time, the meeting was held behind closed doors, and these data have not been published.

“Venture investments attract with high potential returns. For example, those who invested in VKontakte at the startup stage increased their investments by 10,000% within three years. In accordance with the investment strategy of Rossgram, the return on investors will be 850–950% over three years,” Rossgram said in a Telegram message.

As the founders of the social network Alexander Zobov and Kirill Filimonov told RBC, this year it is planned to raise 250 million rubles; All funds will be used to develop the product, attract users, work with bloggers and the media.

The Russian social network was created as an analogue of Instagram, which the authorities decided to block after the start of the war. The correspondent of Gazeta.ru, who tried to register on the social network, reported that the registration process takes place “in a very strange way” and “works every other time.” When an employee entered his number, the social network gave an error several times. When trying to recover the password by login, an error also occurred, it was recommended to change the password by phone number. But this method did not help, the message "Exceeded the maximum number of users" appeared.

An attempt by the authorities to create an analogue of YouTube - RuTube has not yet been successful. The CEO of Gazprom-Media, Alexander Zharov, admitted that RuTube will not be able to replace American video hosting. Zharov oversees the development of RuTube and earned about 300 million rubles from this project in 2020 alone.

The Kremlin, after the Russian invasion of Ukraine, began a mass blocking of independent media and social networks. How to bypass blocking and use a VPN - in the material of The Insider.

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