In late June Kicksharing service Whoosh raised 13.5 billion rubles in bonds (around $17 million at the pre-war exchange rate), making its debut on the Moscow stock exchange.
Launched in 2019, the company is a market leader in Russia with 8 million claimed users across 45 Russian cities. Among Whoosh’s backers are Ultimate Capital Fund, a Cyprus-based fund with Russian founders, and VTB Group, a Russian state-owned financial institution.
Whoosh also has international ambitions. As a first step earlier this year it launched its service in Lisboa, where the company moved its headquarters. The Whoosh service is also available in Hungary and Poland.
Update July 12: Whoosh sold its businesses in the EU due to the “complexity” of operating there in the current circumstances, Forbes Russia reported.
