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642 In 2021, Mail.Ru and Sber injected $600 million in their mobility and foodtech JV

East-West Digital News
East-West Digital News @ East-West Digital News 1 place · 10/12/2021 12:51 EDT

In 2021, Mail.Ru and Sber injected $600 million in their mobility and foodtech JV

Last week Mail.ru Group, the LSE-listed Russian Internet major, and Sber (ex-Sberbank), the state-controlled financial and technology giant, announced they injected 12.2 billion rubles (around $170 million) into their O2O joint venture. The two partners contributed equal amounts and still own equal stakes (45.01% after the deal). The latest capital increase brought the total investment in the … In 2021, Mail.Ru and Sber injected $600 million in their mobility and foodtech JV Read More

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