In late March Russian delivery service Broniboy received the first tranche of a 500 million ruble capital injection (some $6.25 million at the pre-war level). The funding is provided by Krasnodarzernoprodukt, a major supplier of farming commodities and services. The terms of the deal were not disclosed. While serving 17 Russian cities, Broniboy is the …
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
Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, and tech businessmen Grigory Gurevich and Evgeny Malakhov are joining forces to create a multi function platform for the Russian restaurant and food delivery market. The news was reported earlier this month by the Russian business daily Vedomosti, which cited exchanges with several of …
Sberbank and Rambler & Co to create multifunction restaurant and food service platform Read More
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 …
Mail.Ru Group launches dedicated vehicle to invest in foodtech Read More
Yandex.Taxi — the taxi service of Yandex which is preparing to merge its activities with Uber in Russia and neighboring countries — has acquired food delivery service Foodfox. The two companies declined to comment officially on the deal, but an unnamed internal source at Yandex.Taxi told RBC, a major Russian business publication, that the taxi hailing service …
Yandex.Taxi acquires food delivery service Foodfox Read More
Today the LSE-listed Russian Internet group Mail.Ru Group announced the acquisition of food delivery startup ZakaZaka. This is an all-cash transaction which values ZakaZaka at $20 million. Signed on April 28, the deal is not subject to any third-party approvals. With 2,600 connected restaurants and 126,000 orders in March 2017, ZakaZaka claims to be the number two …
3 deals in 6 months: Mail.Ru Group consolidates Russian food delivery market Read More
Delivery Club, a Moscow-based online food delivery service aggregator, has completed its fourth round of financing with $8 million secured from Phenomen Ventures as well as from existing investors AddVenture and Guard Capital. The startup had initially raised $400,000 in 2009, then $1 million from AddVenture and prominent Russian businessmen in 2011, then again $4 …
Delivery Club secures $8 million from Phenomen Ventures, AddVenture and Guard Capital Read More
