Yandex.Market is an online shopping platform operated by Yandex that serves roughly 20 million users. The company is partnering with Sberbank to build a new e‑commerce ecosystem on the Yandex.Market platform. Sberbank will bring its payments infrastructure and add consumer lending to the platform, while the venture plans to improve logistics and accelerate rollout of Checkout on Yandex.Market. The proposed deal would set aside up to 10% of shares for an employee equity incentive program. Management continuity is planned: Maxim Grishakov will remain CEO and join the board. The board will include three representatives from Yandex and three from Sberbank. The transaction envisions a 60 billion ruble valuation for the platform.

Total raised

$521M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2017