Delivery

Sber chairman concedes “complex problems” with Mail.Ru, but dismisses divorce rumors

April 30, 2021

Sber and Mail.ru Group are not on the brink of divorce, said Sber’s chairman Herman Gref in a media interview last week, dismissing repeated rumors and reports. Gref conceded that “complex problems” do occur with Mail.Ru, since their respective ecosystems partly intersect, but “we have very good relations and do find solutions.”  There is less …

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After successes in Russia and Israel, Yandex prepares to launch express delivery service in Western Europe

April 30, 2021

Yandex, the NASDAQ-listed Russian tech major, is preparing to launch its express e-grocery delivery service in Western Europe — after successful deployment in Russia and Israel.  The first target is France, where Yandex registered a local company earlier this month and started hiring, according to a company spokesman cited by AFP. Initially covering the central districts of Paris, …

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Yandex launches food delivery robots

December 9, 2020

Russia’s Yandex has started using its self-driving robot to deliver fast food orders, the company announced Wednesday. The small six-wheeled autonomous robot — dubbed Yandex Rover — has started delivering orders from Yandex’s food delivery service, Yandex Eats, to customers in one of Moscow’s central business districts.  Just like a human courier, after an order …

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Mail.ru Group and Sberbank invest again in food delivery

November 12, 2020

Mail.ru Group and Sberbank are increasing their stake in food delivery service Local Kitchen (‘Kukhnya na rayone’) through their joint venture O2O. After the acquisition of a 30% share in May for nearly $3.9 million, O2O is to own 84.7% of the company after deal completion scheduled for Q4 2020. Some of Local Kitchen’ services are …

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Mail.Ru and Sberbank inject $160 million in their foodtech and mobility JV

November 12, 2020

Last week Mail.ru Group, the LSE-listed Russian Internet major, and Sberbank, the state-controlled financial and technology giant, announced a capital injection of 12 billion rubles (approximately $160 million) to develop their ‘O2O’ joint venture. Agreed in June last year, this JV combines the businesses of the two groups across a variety of fields, from ride-hailing …

Mail.Ru and Sberbank inject $160 million in their foodtech and mobility JV Read More

Mail.ru Group and Sberbank complete acquisition of food delivery service Samokat

November 12, 2020

Thursday last week Mail.ru Group and Sberbank announced that O2O, their ride-sharing and food delivery joint venture,  completed the acquisition of Russian food delivery startup Samokat. Following approval from corporate bodies and antimonopoly authority FAS, O2O now owns 75.6% of the service. The remaining shares (24.4%) are in the hands of Samokat’s founders and managers. The transaction …

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Mail.ru Group and Sberbank assert themselves on food delivery market

November 12, 2020

Mail.ru Group and Sberbank have invested in food delivery service Localkitchen.ru (“Kukhnya na rayone”) through their joint venture O2O. Citing Russia’s company register, business Vedomosti reported yesterday that O2O committed a loan of up to 290 million rubles (nearly $3.9 million at the current exchange rate) convertible into a 30% share. The news came just …

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Mail.Ru and Sberbank to acquire food delivery service Samokat

April 7, 2020

Last week, just days after Elementaree.ru secured a $5 million round of funding, Mail.ru Group and Sberbank announced plans to acquire another Russian food delivery startup called Samokat. The tech group and the financial giant – which are both listed on Western exchanges – are committed to acquire 75.6% of the service, according to corporate statements cited …

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Amid market boom, food delivery startup Elementaree raises $5 million from top Russian and French investors

November 12, 2020

The Russian food delivery startup Elementaree.ru has secured $5 million from the French vegetable giant Bonduelle and Russia’s sovereign wealth fund RDIF, confirming earlier announcements. An undisclosed individual investor also took part in the deal, the Russian media reported. The details of the transaction were not disclosed. Founded in 2013 by Olga Zinovieva and Silard …

Amid market boom, food delivery startup Elementaree raises $5 million from top Russian and French investors Read More

Russian tech majors switch to home working amid mounting coronavirus fears

April 6, 2020

While the Russian authorities’ preventive measures for coronavirus have not been as strict to date as those enforced in China, Western Europe and the USA, a number of Russian businesses have already taken action. Thus, the end of last week saw several major tech companies invite their office employees to work from home. Yandex, the local …

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Taxi-hailing and foodtech on the rise: Yandex announces growing and more diversified revenues in 2019

November 12, 2020

Last week Yandex, the NASDAQ-listed Russian Internet giant, announced its unaudited financial results for Q4 and FY 2019. Consolidated yearly revenues grew 37% from 2018, reaching 175.4 billion rubles ($2.83 billion). Yandex’s adjusted net income increased by a more modest 6% to 23.5 billion rubles ($380.3 million). These results are below what analysts had pencilled in, …

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Three Russian online delivery startups shut down amid strong market growth

November 12, 2020

Over the past few weeks three online delivery startups ceased activities, having failed to turn a profit or demonstrate viable business models. The e-grocery delivery service Golama made the news last year as it completed a $2.3 million round of funding, then agreed with VEB Ventures an additional $7 million capital injection.   In mid-January 2020, however, …

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