The media learned about plans of “Yandex” to sell the “Yandex.Taxi”


The Service “Yandex.Taxi” looking for investor who is willing to buy a share of a company worth $150-200 million, according to “Kommersant”, citing “two sources in investable”.

Transaction organizer JP Morgan, says the publication. According to the newspaper, investors can be sold a 12.5–16.7% of the company, as it is estimated at $1.2 billion.

According to the interlocutor of the newspaper, the investment opportunity in “Yandex.Taxi” was discussed with Sberbank. Another interviewee explained that “Yandex.Taxi” also interested in investment from automakers, particularly Hyundai Motor, however, it is not clarified, discussed whether the specific parameters of the deal.

Another source of the newspaper said that $150-200 million is needed “Yandex.Taxi” for acquisitions: according to him, the company is interested in purchase of services of a taxi “Maxim” and InDriver.

According to a report by investment Bank UBS, the application “Yandex.Taxi” was ranked tenth in the world in number of downloads among similar applications. On the Russian app had 1.8% of the total number of downloads among services travel on demand (on demand ride). The leader was Uber.

In the Russian market, according to the study, “Yandex.Taxi” is the most downloaded service ROD in Russia in 2016 its share in this market amounted to 30%, up from 20% in 2014-2015. According to analysts, these indicators “Yandex” has been achieved due to active marketing strategy. Uber has taken the second place on downloads in Russia with a share of 18%. The American service has shown the most significant growth for the year, it rose four positions. Then you’ll Gett, whose share fell to 14 from 16% in 2015. According to analysts UBS, part of his orders have moved to competitors like Uber and “Yandex.Taxi”.

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