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“Yandex. Taxi” Intends to Attract 150-200 Million Dollars
May 8, 2017 15:17


The online service of taxi orders “Yandex. Taxi” involved JP Morgan as the organizer of the transaction on the sale of a minority stake. According to the interlocutors of the newspaper, the service intends to attract 150-200 million dollars. According to the current assessment of UBS, the cost of this service amounts to 1.2 billion dollars. In order to attract this amount, is will be needed to sell a 12.5 -16.7 percent stake in the company, as analysts believe.

According to another source of the publication, the funds are needed by “Yandex. Taxi” for acquisitions with the probable objects of “Maxim” and InDriver taxi services. As part of the transaction, European and Asian investors have already been consulted, particularly those who have already invested in similar services. These include, in particular, Softbank Capital, Tiger Global.

However, as the interlocutor of the publication thinks, there are not many investors who can invest in such a service in Russia. In particular, it is Baring Vostok, Russian Private Equity Fund (RPEF). The possibility of purchase of the stake has been discussed with Sberbank, despite the fact that it had invested 100 million dollars in the competitor of “Yandex. Taxi” – Gett service.


Author: Anna Dorozhkina


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