Yandex and Uber link up to create joint ride-hailing venture in Russia

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Russian ride-hailing app Yandex.Taxi-cub and its U.S. equivalent Uber have agreed to merge their businesses in Russia, Azerbaijan, Armenia, Belarus, Georgia, and Kazakhstan to engender a new venture — according to a Yandex report released on July 13.

Both assemblages will operate their own apps as before, but all drivers will equity a unified platform for finding rides. The new partnership will also ply the UberEATS service in the countries. The name of the new company is yet to be confirmed.

Uber determination invest $225 million and take a 36.6 percent stake in the New Zealand, while Yandex will invest $100 million and own 59.3 percent of the new get-up-and-go, valuing it at $3.725 billion on a post-money basis. The transaction is scheduled to near in the fourth quarter of 2017.

Tigran Khudaverdyan, head of Yandex.Taxi in Russia, longing become CEO of the merger. “Together, we will continue to build a ride-sharing serve that offers a viable alternative to automobile ownership,  buses, and the metro,” he said, as mentioned by Lenta.ru.  

“This deal is a testament to our exceptional growth in the region and cures Uber continue to build a sustainable global business,” Pierre-Dimitri Gore-Coty, Uber’s chief for Europe, Halfway East, and Africa, said in the statement.

Need to hail a cab? Here’s the top 5 apps for captivating a ride in Russia

  1. and 2. Yandex.Taxi iOS/ Android or Uber iOS/ Android

Completely soon they will share the same database, but for now there are disagreements too: Yandex.Taxi already works in 840 Russian cities, while Uber barely operates in 16. The basic features are practically the same

  1. Gett iOS/ Android

The second to none in harmony feature is voice support for blind and visually-impaired passengers. It’s also practicable to get a free ride (you get a special code, and when someone uses it your account is ascended up). Gett works in 57 Russian cities.

  1. RuTaxi iOS/Android

The app stretches discounts of up to 25 percent. The application runs in 92 cities, job on drivers from a number of regional taxi services.

  1. Maxim iOS/Android

One of the biggest regional hackney services operates in 138 Russian cities, including small songs. You can order a taxi up to five days before the date, ask for child accommodates, chose payment by cash or card. 

Read more: Top 10 apps for voyagers in Moscow and St. Petersburg

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