Social media platform Mail.ru acquires car sharing business YouDrive

Posted by Aktis Team on 22 August 2019

The main competitor of social media company Mail.ru, Yandex, owns the biggest taxi app on Russian market. Mail.ru made an acquisition of YouDrive, the fourth biggest car sharing service in Russia, to cover growing drive app market in the country. According to Sberbank, car sharing grew in Russia by five times during last year. The deal precedes the launch of Mail.ru and Sberbank's joint venture of taxi and food delivery services.

The Financial Times, Max Seddon, August 22nd 2019

Topics: News Watch, Europe