Page 116 - RusRPTNov18

to sell and deliver pharmaceuticals as well, Interfax reported on October 11 citing the head of the company Alexander Shulgin. Online shop Beru (Russian: I Take) is the beta version of the first service of Yandex.Market e-commerce platform , a major joint venture between Sberbank and Yandex . It already sells electronic goods, food, household appliances, and others. "We want to create Russian Amazon on the basis of Yandex.Market, and I very much hope we will succeed," the CEO of the bank German Gref is quoted as saying by Vedomosti daily on April 27.
Russia's Federal Antimonopoly Service (FAS) watchdog would approve a rumoured deal between country's largest state-controlled bank Sberbank and Russia’s most valuable digital company Yandex , according to the head of the watchdog Igor Artemyev, as cited by Interfax on October 26."I am not afraid of banks as much as the state companies. I believe that when a high-tech company gets a well-funded partner, it will develop faster. And the market reaction [to Sberbank seeking control in Yandex] I did not understand at all," he said.
Russian carsharing start-ups Anytime and Delimobil have started to expand in Eastern Europe and plan to launch car sharing services in Prague and Warsaw, the founder of Mikro Kapital Group Vincenzo Trani told Vedomosti daily on October 24. The funds for the expansion will be raised from the mother holding General Invest, which in turn might place bonds to finance the total investment of €8mn. New markets will be tested with the premium application Anytime, with about 100 vehicles launched in every city, adding to local competition Car 4 Way in Prague and Panek and 4mobility in Warsaw. Mikro Kapital Group operates in 11 Russian cities, as well as in capitals of Belarus and Kazakhstan. The number of vehicles will be expanded to 13,000 vehicles by the end of 2019, with about half of the vehicles accounting for foreign operations. Carsharing, car-pooling and online taxi booking is an emerging business in Russia, attracting investment and already subject to fierce competition. The total car sharing and taxi market in 2017-2025 will grow 2.5-fold to RUB1.6 trillion ($24bn), as estimated by Sberbank CIB.
Russia's largest bank Sberbank and one of country's biggest web portals Rambler announced the creation of Foodplex online platform for catering market. Sberbank is at the forefront of digital economy development in Russia, keeping a stable rollout of innovations under its digitally driven strategy . Other notable player in the online food delivery market is internet major Mail.ru . However, apart from food delivery, Sbebrank's Foodplex promises to enable table bookings, placing orders remotely, paying the bills and tipping without waters' assistance. It unites the digital marketing and payment system Piazius, booking service Afisha Restorani, and the catering automation system UCS. “We are sure that Foodplex will radically change the restaurant market and in the long term, up to 70% of restaurants will use it," Rafael Abramyan of Rambler claims in the joint press-release , adding that the platform creates a "new ecosystem that can provide a brand new restaurant visiting experience." Private investors Grigory Gurevich and Evgeny Malahov also participate in the project to be launched by the end of 2018. Sberbank will control 35% in Foodplex, with 30% held by Rambler, and 35% by GHP Partners, Gurevich and Malakhov
Yandex.Checkout (aka Yandex.Kassa), the B2B branch of Yandex.Money which is part of Russia’s leading online company Yandex , together with
116 RUSSIA Country Report November 2018 www.intellinews.com