Central regions | Finance, business | Retail, FMCG

Mail.Ru Group all set to invest in foodtech

8 May '18
Mail.Ru Group, one of Russias largest Internet companies, appears all set to invest in foodtech.

Last month a subsidiary, called Mail.Ru Foodtech Ventures, was established to help its parent firm support services enabling online reservation of tables, subscription-based food and meal delivery, vending machines operation, etc.

The company is reported to be willing to both invest in development and fully acquire start-ups. Mail.Ru will also be developing foodtech projects it has purchased before.

Back in the fall of 2016 Mail.Ru Group announced the acquisition of 100% of Delivery Club, a service to look for and order meals and foodstuffs, from Foodpanda in a $100m deal. In May 2017, the Internet giant took over ZakaZaka, a meal delivery service, in an $18m deal. Just last month Mail.ru Group partnered with Mamafood, a developer of automated culinary kiosks. Now Delivery Club is expected to invest in the installation by the end of this spring of 500 such kiosks under the DC Daily brand name in a number of Moscow business centers.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: foodtech (2) / Mail.Ru Group (17) / Mail.Ru Foodtech Ventures (0) /

Latest News: Central regions
7 Jul '20 | Technology & innovation
7 Jul '20 | Technology & innovation
6 Jul '20 | Finance, business | Technology & innovation
6 Jul '20 | Finance, business
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masksan...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 22076)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

6 Jul '20
52 start-ups joined in June the Go Global...
3 Jul '20
A California-based start-up of Russian origin raised...
2 Jul '20
A Covid-19 vaccine has been unofficially tested on...

Most read stories from last week

6 Jul '20
52 start-ups joined in June the Go Global...
7 Jul '20
Former Chechen Prime Minister and top manager of...