Sharing apps

Yandex buys Uber out of food delivery partnership in $1 billion deal

September 1, 2021

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

Car-sharing service “for the people” launches in Moscow and St. Petersburg

May 10, 2021

The Moscow Department of Transport has launched a car-sharing platform, which it says is similar to US service Turo.  Currently in test mode with 100 participants, the app is available on the App Store and Google Play. Dubbed Ruli (‘Drive’), this new service allows individuals to rent their car when lying idle on parking lots. Through the …

Car-sharing service “for the people” launches in Moscow and St. Petersburg Read More

Russian truck giant Kamaz aims to scout startups across the world

January 25, 2021

Kamaz, the Russian truck giant (part of the state-owned Rostec corporation), and Pulsar VC, an established Russian venture firm, announce an international startup scouting partnership focusing on mobility and IoT. The companies said they will “jointly search for new markets in the transport sector and attract investment in start-ups.” They may also consider “creating a …

Russian truck giant Kamaz aims to scout startups across the world Read More

FT: Yandex to launch car-sharing in Europe

November 12, 2020

Yandex, the Russian NASDAQ-listed Internet giant, is planning to launch its car-sharing service in Europe, the Financial Times has reported. The head of Yandex.Drive, the company’s car-sharing division, Anton Ryazanov, told the paper it would roll-out the service with a 1,000-strong fleet of electric cars later this year.  Yandex has not yet decided which city it …

FT: Yandex to launch car-sharing in Europe Read More

Sberbank’s alliance with Mail.ru Group puts its partnership with Yandex under question

November 12, 2020

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

Russian money fuels UK sharing economy startups

June 20, 2019

While the UK has traditionally been a key destination for Russian tech entrepreneurs and investors, two recent deals involving sharing-economy startups are confirming that even Brexit uncertainties are not stopping the trend. Thus, Impulse VC has just led a $6 million Series A round for London-based GuestReady. This three-year-old service lets shared-economy hosts manage their business …

Russian money fuels UK sharing economy startups Read More

Russian startup wins competition to launch scooter docks in Helsinki

November 5, 2018

Starting from next summer, electric scooters and kick-scooters will be available for short-term rental in the Finnish capital. Fifty docking stations will be created by Helsinki’s regional transport authority (HSL) with the rental system provided by Russian startup Samocat Sharing. The initiative comes as a result of IdeaLab, a Helsinki tech contest which was launched …

Russian startup wins competition to launch scooter docks in Helsinki Read More

Russian ride-hailing startup conquers America with a few million (not billion) US dollars in capital injections

August 31, 2018

inDriver, a ride-hailing app with Russian roots now operating internationally, has just raised $10 million from its historic investor, Leta Capital. Born in 2012 in Yakutsk, Siberia, this startup has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare. An …

Russian ride-hailing startup conquers America with a few million (not billion) US dollars in capital injections Read More

Mail.Ru Group surrenders carpooling activity to global leader BlaBlaCar

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is consolidating its leadership on the Russian market with the acquisition of BeepCar, a competing service launched by Mail.Ru Group last year. The terms of the deals are expected to be disclosed in Mail.Ru Group’s next reports. BeepCar traffic will be redirected to BlaBlaCar “as of this autumn,” …

Mail.Ru Group surrenders carpooling activity to global leader BlaBlaCar Read More

Oskar Hartmann and Igor Rybakov invest $750,000 in Australian car sharing platform

August 3, 2018

Larix VC, a fund launched by Moscow-based businessmen Oskar Hartmann and Igor Rybakov, has invested $750,000 in  Australian car sharing platform Car Next Door. The news was reported last week by online publication VC.ru based on exchanges with fund representatives. Car Next Door defines itself as an online marketplace that provides a booking system and …

Oskar Hartmann and Igor Rybakov invest $750,000 in Australian car sharing platform Read More

From the Baltics to Mexico, Russian taxi-hailing services go global

May 10, 2018

Last week Yandex.Taxi, the taxi service of Russia’s tech giant Yandex – which merged with Uber’s delivery businesses in Russia and neighboring countries earlier this year – announced its launch in Tallinn, Estonia. “Estonia became the 10th country, and the second country in the EU, where we launched activities,” Yandex.Taxi press office representative Natalia Zhuravlova …

From the Baltics to Mexico, Russian taxi-hailing services go global Read More

Yandex and Uber complete merger in Russia and neighboring countries

February 27, 2018

Yandex, the NASDAQ-listed Russian search giant, and Uber announced today the completion of the merger of their respective ride-sharing and food delivery businesses in Russia and neighboring countries. The deal, announced in July last year, was approved by the Russian antimonopoly authority in November. At closing, Uber invested $225 million and Yandex invested $100 million …

Yandex and Uber complete merger in Russia and neighboring countries Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.