Date: 7 months ago   Category: IT & Media

Has bought MTS 13,7% of the YouDo service for $12 million — Rambler News Service


Photo: Vadim of Scriabin/TASS the Mobile operator of MTS has redeemed 13,7% of service of placement of announcements of YouDo for $12 million, the press service of MTS has reported. Total amount of the involved investments into YouDo is $17 million MTS declared "purchase for $12 million 13,7% of stocks of the Youdo Web Tobechnologies Limited company (Cyprus) owning one of the largest Russian online services on search of performers for the decision household and business challenges of YouDo.com". It is noted that the transaction is carried out as a result of an investment round in which the lead investor has acted as MTS. "The raised funds will be allocated for expansion of geography of business, start of new categories of services, the federal advertizing campaign and further automation of service" — the press service of mobile operator has reported. Total amount of the involved investments into YouDo is $17 million, RNS in the press service of service of announcements have reported. "All current shareholders have taken part in a round, we don't open a share of co-investors" — the representative of YouDo has reported to RNS. In the middle of 2016 the venture fund AFK "Sistema", Sistema Venture Capital became the co-investor of the platform of placement of announcements. Then the Sistemy fund, the owner of MTS, has taken part in an investment round for $6,2 million together with the existing co-investors — the co-owner of Qiwi Sergey Solonin, Flint Capital fund and United Capital Partners fund of Ilya Shcherbovich. That MTS can become the co-owner of YouDo in May was reported by the Kommersant newspaper with reference to own sources. But then MTS applied for repayment of a controlling stake in the company, the newspaper reported. Also discussion on entry into the capital of YouDo conducted Chinese Alibaba, Kommersant reported. "As for Alibaba, we plan to test certain things with Alibaba, but today there is no transaction with an entrance of Alibaba to the capital" — RNS in YouDo have reported. "Today total investment in an online service of YouDo.com is $26,5 million. Among investors: PJSC MTS, Sistema Venture Capital, Flint Capital and United Capital Partner (UCP) funds, owner of QIWI Sergey Solonin and businessman Alexander Kabakov" — the representative of YouDo has reported. YouDo.com — the Russian online service allowing to find performers for household and business challenges. The project has been founded in 2012 by businessmen Denis Kutergin and Alexey Gidirim. At present on the website 5 million active users are registered, from them about 800 thousand are the verified performers. Daily on service about 6 thousand orders are published. Following the results of 2017 a turn of tasks on service has made 3,9 billion rubles.

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