On Wednesday, on the sidelines of the World Economic Forum in Davos, the Russian Direct Investment Fund (RDIF) announced its intention to invest in three big Russian startups. The sovereign wealth fund is teaming up with Baring Vostok, a leading Russian private equity firm, and unnamed funds from the Middle East, to invest in CarPrice. Founded in …
Yesterday Sberbank, the state-controlled financial giant, and LSE-listed Mail.Ru Group signed binding agreements concerning their JV partnership in the fields of food delivery and taxi hailing. As previously announced: The deal puts Mail.Ru’s Delivery Club and CitiMobil businesses, plus Sberbank’s own FoodPlex arm into a single joint venture. The two partners will invest “up to …
Sberbank extends ownership and partnership with Mail.Ru Read More
Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber last year, has completed the acquisition of Partiya Edy (‘The Party of Food’). Yandex.Taxi had acquired a 83.3% stake in this startup in October 2018. The remaining 16.7% stake has been transfered to Yandex.Taxi for an undisclosed amount. Created in 2014, Partiya Edy …
Yandex.Taxi completes acquisition of food delivery startup Read More
Last month Efko, an agroindustrial group founded in 1994 in the Belgorod region, launched a $50 million corporate venture fund, Firrma.ru reported. Dubbed ‘Fuel for Growth,’ the new fund will target early-stage foodtech startups — those that can potentially disrupt the food industry, promote a healthy lifestyle, support the ecology or food security. According to Efko …
Russian agroindustrial group launches international foodtech fund Read More
iGooods, a major product delivery company in Russia, has agreed a “strategic partnership” with Joom. This Russian-founded international marketplace has disbursed 325 million rubles (around $4.9 million at the current exchange rate) in exchange for a 10% stake in iGooods. The deal was closed in mid-August, as announced by the companies. Last year iGooods already attracted …
Russian food delivery company secures $5 million from international marketplace Joom Read More
A Delivery Club courier has been spotted roaming the streets of Saratov, central Russia, riding a white horse, reports The Moscow Times, citing the Russian online publication TJournal. The man was photographed with the company’s typical green shirt and backpack. “I’m already being called the courier on the white horse around the city,” he was …
In Saratov, a delivery man brings food on horseback Read More
Yesterday Sberbank announced the acquisition of Shiptor, a mid-sized logistics and delivery service provider. This acquisition is laying the foundation of ‘SberLogistika,’ a service which will be “integrated with all the systems of bank and its ecosystem,” as stated by the bank. The terms of the deal have not been disclosed. Last month Sberbank started …
Sberbank acquires logistics service provider Shiptor Read More
In a move that could have far-reaching strategic implications, Mail.ru Group and Sberbank – two giants of the Russian Internet listed on Western exchanges – yesterday announced a joint venture project to develop ride-hailing and food delivery activities. This is the first-ever cooperation of that type between these two companies, the Mail.ru Group press service …
Sberbank’s alliance with Mail.ru Group puts its partnership with Yandex under question Read More
PIK Group, Russia’s largest residential property developer, has invested in the St Petersburg-based Samokat e-grocery service, Russian business daily RBC reported. The financial details of the deal were not disclosed. According to official company registers, PIK acquired 27% of Samokat through its Cyprus- and Russia-based mother companies. Among Samokat’s other major shareholders are Vladislav Bocharov (24%) and …
Russia’s largest housing developer acquires stake in Samokat e-grocery service Read More
Mail.ru Group, a leading, LSE-listed Russian Internet company, has acquired a minority stake in Performance Food, a Moscow-based food delivery service specializing in premium healthy nutrition programs. The financial details of the deal were not disclosed. As reported by business daily Kommersant, which cites official company registers, MGL Mail.ru Equity Ltd, a Cyprus-based subsidiary of Mail.ru …
Mail.ru Group acquires stake in Performance Food delivery service Read More
Baring Vostok, a major Moscow-based international PE firm, has acquired 5% stake in Tealsy, Russian business daily Kommersant reported last week. The financial details of the deal were not disclosed. This Moscow-based startup brings together e-shoppers, retail networks and suppliers by proving a single online platform where they can meet one another to trade food products. Tealsy …
Tealsy online food products platform attracts investment from Baring Vostok Read More
Golama, a leading e-grocery delivery service based in Moscow, will receive 500 million rubles (about $7.7 million at the current exchange rate) from a state investor after just one year of operations. The investment will be provided by Veb Ventures (previously known as VEB Innovations), a venture fund launched by Vnesheconombank in 2011 to support innovative …
E-grocery service Golama to receive $7.7 million from state investor Read More
