Russia's Mail.ru expands in car sharing with YouDrive stake


  • TECH
  • Thursday, 22 Aug 2019

Mail.ru and Sberbank said last month they would invest up to 64bil roubles (RM4.07bil) in a platform that will compete with Yandex.Taxi, a unit of Russia's Yandex and US online taxi firm Uber. — Reuters

MOSCOW: Russian Internet group Mail.ru has teamed up with investment firm Proxima Capital to buy a controlling stake in car-sharing operator YouDrive, which it may fold into its planned food and taxi joint venture with state-run Sberbank.

Mail.ru and Sberbank said last month they would invest up to 64bil roubles (RM4.07bil) in a platform that will compete with Yandex.Taxi, a unit of Russia's Yandex and US online taxi firm Uber.

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