Mail.ru Group, a large Russian IT company, has partnered with VCs from Proxima Capital to acquire a controlling stake in YouDrive, a Russian transportation service platform. The deal’s value has yet to be disclosed, Marchmontnews reports.
The transaction covers YouDrive’s car sharing, a short-term car rent service for taxi fleets called YouDrive Business, and YouDrive Pool, YouDrive’s arm for car sharing management. As of August 2019, service users have access to more than 2.5K vehicles, and the partners in the deal want to increase the number to at least 10K within a year.
YouDrive expects to use the money to support its organic growth, stepping up deep data analysis and improving car fleet management.