Russia saw Wednesday its first IPO since the war in Ukraine began with local kicksharing service Whoosh raising 2.1 billion rubles ($32.6 million at the current exchange rate) on the Moscow exchange. The IPO valued the company at 20.6 billion rubles ($320 million). This is a very honorable performance for a Russian startup launched in …
Kicksharing service Whoosh completes Russia’s first IPO of the year Read More
Russian kicksharing service Whoosh intends to go public on the Moscow Exchange this or next year, unnamed sources told Forbes Russia and Reuters last week. Under plans, the e-scooter company could raise 10 billion roubles ($167 million at the current exchange rate) at a valuation of around 40 billion roubles ($666 million), Reuters learned. A Whoosh spokesperson told Reuters: “Like …
Top Russian e-scooter service aims to raise $167 million on Moscow Exchange Read More
Yango, the international division of Yandex operating taxi, kicksharing and delivery services, has launched its taxi hailing service in test mode in the United Arab Emirates, reports Interfax. “Yandex is developing world-class technologies and services and is constantly experimenting with them on international markets. Testing of taxis in Dubai on a pilot basis is no …
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, …
Russian kicksharing service Whoosh raises $17 million in bonds Read More
In 2021 inDriver, a ride-hailing app founded in Yakutsk, Siberia, back in 2012, announced it had achieved unicorn status. Its valuation reached $1.23 billion, following a funding round of $150 million earlier that year. This startup seemed set to continue its rollout into new locations around the world, including plans to expand into Australia. In …
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. …
Urent, Russia’s largest electric scooter rental operator, has raised 2.09 billion rubles (around $26 million, a considerable amount by local standards) in a round led by MTS. The mobile operator contributed 740 million rubles alongside private asset manager VPE Capital and state-owned fund VEB Ventures, which injected 700 and 650 million rubles, respectively, into the startup. The terms of …
Russian e-scooter leader Urent secures $26 million from corporate and venture investors Read More
While asserting themselves as chief disruptors in the food delivery industry — fulfilling orders in 15 minutes in cities of Europe (e.g. Jiffy) and North America (e.g. Buyk) — Russian startup entrepreneurs are also penetrating neighboring segments. From urban delivery, to mobility, to local or international freight, some of them receive generous support from VCs, as illustrated by four recent deals. …
Shared mobility markets in Russia could grow by over 50% in the next five years, meaning good news for services provided by U.S.-listed Russian tech giant Yandex, JP Morgan said in a recent note. Ride-hailing and car-sharing markets could reach about 1.4 trillion rubles in 2026 from about 0.9 trillion rubles in 2021 ($19 billion …
JP Morgan: Shared mobility in Russia a “huge” growth opportunity Read More
Cian, a leading online real estate classifieds platform in Russia, began trading on the New York exchange on Friday, Nov. 5, with a secondary listing on the Moscow exchange announced as imminent. At a company valuation of $1.1 billion, Cian shares had been oversubscribed 10 times by investors, a source in the financial market told Reuters. In their debut on the Nasdaq, the …
Russian tech giant Yandex is expanding its mobility footprint in Israel with the acquisition of shared e-scooter company Wind’s Israeli operations. The two are not sharing the terms of the deal, but Israeli financial newspaper Globes reported that it is estimated to have cost $40 million to $50 million. Wind is one of the top e-scooter sharing …
Yandex acquires Wind’s Israeli e-scooter operations Read More
Last week Mail.ru Group, the LSE-listed Russian Internet major, and Sber (ex-Sberbank), the state-controlled financial and technology giant, announced an injection of 12.2 billion rubles (around $170 million) into their O2O joint venture. The latest capital increase brought the total amount they put in the JV this year to 43 billion rubles (around $600 million at the …
In 2021, Mail.Ru and Sber injected $600 million in their mobility and foodtech JV Read More
