RDIF, partners to invest in Russian online services

Prime, 23.01.2020

DAVOS, Switzerland, Jan 23 (PRIME) -- A consortium of investors, which includes the Russian Direct Investment Fund (RDIF), Baring Vostok fund and Middle Eastern funds, will invest in Russian car sales service Carprice, the RDIF said in a statement on Thursday.

“A consortium of investors including the RDIF, Baring Vostok fund and the leading funds of the Middle East will invest in Carprice, Russia’s biggest car sale service,” the RDIF said.

“Russia’s car market is among the biggest in the world now. Investment in Carprice will allow it to boost the market share actively, and develop platforms for car exchange between the dealers.”

The consortium also plans to invest in Travelata, an online aggregator of travel services from 120 touristic companies, and Elementaree, a service for food sets delivery.