“Richard Branson-backed” hyperloop startup seeks funding on Bucharest's SeedBlink
5 days ago
Russian internet major Yandex has seen an exodus of managers from its foodtech subsidiaries. The founders of Yandex.Food Maxim Firsov and Sergei Polissar, as well as Mikhail Peregudov of Yandex.Chef, who have quit, RBC business portal reported on February 25 citing the announcement of the company.
As reported by bne IntelliNews, Yandex is facing increased competition in the foodtech segment from the joint venture of Sberbank and rival internet major Mail.ru.
Yandex noted, however, that the founders of the foodtech services acquired by the internet major will keep consulting the new team of Yandex.Food headed by Dmitry Masyuk.
Yandex.Lavka, the fast-growing express grocery delivery service will be separated into a stand-alone unit. Possible new start-ups in the segment from Firsov and Polissar are to watch for.
Last year Yandex.Food (Yandex.Eda) said it would try the B2B segment, allowing the clients to place orders on behalf of their employers, similarly to corporate accounts already functioning for Yandex.Taxi service. The Delivery Club, Yandex.Eda main competitor controlled by Mail.ru major, has tested the corporate deliveries about five years ago and does not intend to repeat the exposure.
Related Content
Tech
“Richard Branson-backed” hyperloop startup seeks funding on Bucharest's SeedBlink
Swisspod Technologies, co-founded by Romanian Denis Tudor, is developing a fully-electric capsule that travels at near-sonic speeds.
Russia cracks down on foreign hosting providers
Russian authorities have cracked down on foreign hosting providers and cloud service companies, blocking access to their websites.
Kyrgyzstan to hit TikTok with access curbs “to protect kids’ mental health”
Targeting of social media favourite follows regime’s moves against news outlets, civil society and opposition politicians.
Banca Transilvania launches Romania's first neobank
Salt Bank was created on the foundations of Idea Bank, which was taken over by Banca Transilvania.
_1711970902.jpg)
Russia's data management segment boosted by foreign vendors' exit
While the exit of foreign vendors following Russia's invasion of Ukraine two years ago dealt a hard blow to some industries, other sectors have benefited, such as Russia's data management and storage industry, which is projected to triple by 2027.
Most Read
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Europe unlikely to tackle Russian LNG imports anytime soon
1 day ago
-
Unstable dams mean Chernobyl-scale nuclear disaster threatens Central Asia’s Fergana valley
18 hours ago
-
Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?
4 days ago
-
COMMENT: Can China compensate for Russia’s losses on the European gas market?
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
6 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
7 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Russia’s war economy boosted by rising oil prices
8 days ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
7 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
25 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
29 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
27 days ago
-
UBN: Russia could take the Baltic states in 48 hours
1 month ago