RDIF, Arab partners might invest in freight transport service Deliver
MOSCOW. May 25 (Interfax) - The Russian Direct Investment Fund (RDIF) and Arab sovereign wealth fund Mubadala Investment Company are exploring a potential first transaction within their joint Technology Fund, an investment in Russian freight transport services provider Deliver, the RDIF said in a press release.
The funds provided will be used for the further expansion of Deliver's business in Russia and abroad, the RDIF said.
The RDIF sees huge potential in this company, and the RDIF and its co-investors are looking to support future development of Deliver, as well as other promising technology enterprises in Russia, RDIF CEO Kirill Dmitriev was cited as saying in the press release.
Deliver was founded in 2013 and began commercial operations in 2015. The company unites over 57,000 registered carriers. Deliver offers shippers instant booking and pricing, automated documents processing, and financial and legal guarantees.