Delivery

Russian supermarket delivery service attracts $1.9 million from local investors

November 12, 2020

iGooods, a Saint Petersburg supermarket delivery service, has attracted 123 million rubles (roughly $1.9 million at the current exchange rate) in exchange for a 24.6% stake in the company. The news was reported by Russian business daily Vedomosti this Monday. The investors included Moscow-based venture fund SOL Ventures, ex-partners at the venture fund Quadriga Capital Russia, …

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Mail.Ru Group launches dedicated vehicle to invest in foodtech

April 13, 2018

Mail.Ru Group, the LSE-listed Russian Internet giant, has launched a subsidiary to invest in foodtech, the business publication RBC reported last week, citing exchanges with group representatives. Dubbed Mail.Ru Foodtech Ventures, the subsidiary may invest in “any startup related to food and technology,” a Mail.Ru representative told RBC. This includes online restaurant booking, subscription-based food …

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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 …

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Yandex.Taxi and Uber.EATS launch dedicated food delivery subsidiary

January 23, 2018

Yandex.Taxi — the taxi service of Yandex which is in the process of merging its activities with Uber in Russia and neighboring countries — intends to group the food deliver services under its control in a dedicated subsidiary, ‘Yandex.Eda.’ The new company will be part of the holding structure which will be formed as the result of …

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