In late March Russian delivery service Broniboy received the first tranche of a 500 million ruble capital injection (some $6.25 million at the pre-war level). The funding is provided by Krasnodarzernoprodukt, a major supplier of farming commodities and services. The terms of the deal were not disclosed. While serving 17 Russian cities, Broniboy is the …
Yandex, the Russian digital giant whose Nasdaq stock trading has been suspended since Feb. 28, laid off over two dozen US-based workers last month, reported The Verge. Yandex had been operating a small fleet of driverless cars in Ann Arbor, Michigan. Yandex said the vehicle licenses were suspended by the state authorities — which Michigan denies. …
Auchan has inked with SberMarket — a delivery service owned by Sber, the state-controlled financial and digital giant — a “strategic cooperation” agreement in the field of e-commerce. The agreement will be in force until 2028, according to a Sber press-release. The partnership aims to “accelerate the development of Auchan’s ‘phygital’ commerce in Russia. The parties …
Auchan partners with Sber to accelerate ‘phygital’ commerce development Read More
The pandemic has had an unprecedented impact on retail and delivery markets. In Russia, e-grocery was among the most impacted industries: the number of orders in this segment increased by 174% y-o-y in the first half of 2021, according to Data Insight. Fast delivery has become one of the main trends in the food sector …
How the pandemic has impacted retail, logistics and delivery in Russia Read More
As part of an already established trend, the past few weeks saw Russian players assert themselves again on the international express delivery scene. In early October, two Russian entrepreneurs, Yevgeny Bisovka and Razmik Sukiasov, announced they completed a $6.1 million round of funding to develop their service Tiggy in Vancouver, Canada. This company offers “free 15-minute grocery delivery with …
New Russian delivery services launched in London, Oman and Vancouver Read More
Jiffy, a 10 month-old UK grocery delivery and dark store startup, has secured a $28 million Series A round. Coming after two funding rounds completed earlier this year, this capital injection brings to $35 million the total amount raised so far by the startup, as reported by TechCrunch. Led by family-owned investment company Heartland, the round was supported by Baring Vostok, …
HelloFresh, the Germany-based international meal kit giant, has acquired an “approximately 10% stake” in its Russian counterpart Chefmarket. The amount of this investment (a capital injection) was not disclosed, but the companies mentioned a “single-digit million euro figure” in their announcement last week. The deal is touted as “a strategic step for HelloFresh to tap into an emerging market with significant growth potential,” …
Global meal kit delivery giant HelloFresh invests in Russian counterpart Chefmarket Read More
Yandex has struck a $1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia, the company announced Tuesday. Yandex and Uber first combined their ride-hailing businesses in 2017, with a deal to merge their operations in Russia and a number of other ex-Soviet countries. This partnership has seen the pair cement …
Yandex buys Uber out of food delivery partnership in $1 billion deal Read More
Dostavista, now rebranded to Borzo, has completed an impressive Series C round, raising $35 million from a bevy of major international investors. This urban delivery service with Russian roots has been backed by the RDIF, Russia’s sovereign wealth fund (which made an early announcement about the deal in June); Mubadala, its Emirati peer; VNV Global, a major …
Delivery service Dostavista raises $35 million from top investors, rebrands to ‘Borzo’ Read More
The Russian food delivery service Samokat — which was acquired last year by Mail.ru Group and Sber — has plans to enter the US market. As reported by The Bell, which cites Samokat’s founder Vyacheslav Bocharov, the move could take place “in the next 12 months.” The service could operate on American soil as a separate …
Audacious Russian entrepreneurs disrupt US food delivery market Read More
In this second coronavirus spring, Russian-founded food delivery services are making their way in western countries. One of them is Getfaster.io, a German fresh product retail and delivery company launched in 2020 by former X5 executive Dmitry Bergelson alongside with Georgy Skalsky, Kirill Solonitsyn and Anton Zakharov. After starting operations in Düsseldorf in January 2021, the company …
Russian-founded food delivery services make their way in western markets Read More
Earlier this month Russian delivery service Broniboy raised 100 million rubles ($1.35 million at the current exchange rate) at a 3 billion ruble valuation ($40 million), reports Rusbase. This fast-growing company, which already operates in six Russian cities including Moscow, raised 130 million in a previous round, and plans to attract an additional 800 millions rubles next year. …
