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October 2019 www.intellinews.com I Page 8
RDIF will invest $100mn in AliExpress Russia and has an option on acquiring $194mn worth of JV shares. Once the option would be exercised, the fund would hold 12.9% economic stake and 9.6% voting stake in the JV.
Previously Sberbank estimated the valuation of the JV at about $2.2bn Enterprise Value (EV). The bank reminded that AliExpress is the undisputed leader in Russian e-commerce, with the gross market value in 2018 at around RUB220bn-
Russia's Ozon online retailer launches express delivery
RUB230bn, being predominantly cross-border trade and almost twice as large as the biggest domestic online retailer Wildberries with RUB111bn.
Sberbank believes the AER will be "well positioned to achieve our valuation target if it delivers, which would ultimately benefit MRG via an additional revenue stream and indirectly through the appreciation of AER," and reiterated the Buy rating of Mail.ru at a $29.7 target price.
Russian e-commerce major Ozon launched a new express delivery “Supermarket” service has 6000 goods and 40-60min delivery time.
As detailed by bne IntelliNews in exclusive interview with the CEO of Ozon Alexander Shulgin, the company is battling it out in the fast-growing Russian e-commerce market. One of Russia’s big-three online retailers is also exploring non-retail services such as leasing and consumer financing, and now also delivery.
The market leaders in express delivery currently are start-ups iGooods and Instamart, according to Vedomosti citing Infoline data. The competition in the foodtech and delivery segment in Russia
is gearing up with major players such as Yandex (Yandex.Lavka service) and joint venture of Sberbank and Mail.ru Group.
Also Russia's largest retailer X5 Group is testing delivery and drop-off services for the online platform of its supermarket format Pyaterochka.
Russian e-commerce major Ozon launched
a new express delivery “Supermarket” service has 6000 goods and 40-60min delivery time Russian e-commerce major Ozon launched
a new express delivery “Supermarket” service that will deliver food and grocery in under 40-60 minutes in some Moscow districts, Vedomosti daily reported on October 17 citing the representatives of the company.
Reportedly currently the service offers about 6,000 grocery items for express delivery and teams up with third-party delivery services to get them to their destination. Ozon plans to expand the geographic coverage of the service and the product mix to over 15,000 items.
This month Ozon also said it boosted its automated pick-up terminal chain Ozon Box and claimed it to be the largest in the country at the moment.