[This post is written by our Guest Editor, Yankov Sadchikov, a Russian startup blogger at Quintura.]

Russia is now the largest internet market in Europe, with more than 55 million online users, and an online market that is still in a massive state of growth, and a new frontier for US and German venture capitalists looking for the next big win.

The online ad spend in Russia was valued at $1.4 billion last year and is expected to mushroom to more than 40 percent in 2012. Among the hottest market trends is the fact that modern Russians book travel and shop mostly online. Some of hottest tech on the web still comes from Russian engineers thanks to their strong educational background, plus the massive interest in the Russian tech scene following the successes of famous VC Yuri Milner. Here are the hottest web startups from Russia, Europe’s largest internet population:

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Guest Editor

TechNode Guest Editors represent the best our community has to offer: insight and perspective on how technology is affecting business and culture in China