Online service on call taxi Uber received $ 200 million from LetterOne Holding (L1) Mikhail Fridman, German Khan and Alexei Kuzmichev. Group became the owner of the most expensive in the world of startups, whose capitalization in December exceeded $ 62 billion. Previously, the Russians have already invested in the Uber businessmen Alisher Usmanov and Ziyavudin Magomedov.
International investment group L1 yesterday announced that it has invested in the development of the Uber $ 200 million. “We have access to substantial funds, we are looking for possibilities of a certain size and stage. Digitalization creates global opportunities for new businesses, providing innovative services “, – said the managing partner of L1 Technology Reznikovich. Uber representative confirmed “Kommersant” the deal with L1, refusing to comment further.
Uber founded in San Francisco in 2009, currently operates in more than 400 cities in 68 markets. In Russia, the service began operations in November 2013, is now working in Moscow, St. Petersburg, Yekaterinburg, Novosibirsk, Kazan, Rostov-on-Don and Sochi. It earns due to the fact that the user connects to the drivers by charging them for the service fee of the total order. In Russia, it is 20%, within the ranges of 20-25% in other markets. Uber Financial results were not disclosed, but it is known that the company has generated losses and relies on an aggressive geographic expansion – mostly to Asia, particularly China. So, in June, the head of Uber Travis Kalanick mentioned in the letter to investors that the conquest of the market the company will spend $ 1 billion, reported Bloomberg.
In December, the last investraund Uber at $ 2.1 billion, in which Tiger Global, T. Rowe Price and other investors valued the entire business service to $ 62.5 billion . Before the round total investment in the Uber, according to Bloomberg, is already exceeded $ 10 billion.
L1 is not the first structure with Russian roots, has invested in the Uber. Thus, in September 2015 the head of the board of directors of the “Amount” Ziyavudin Magomedov announced the launch of a venture capital firm Caspian VC Partners, among the first assets in the portfolio which was Uber. In the summer of 2015 USM holding Alisher Usmanov and his partners invested in the Uber tens of millions of dollars, according to RBC in January, citing its sources.
Investors attracts impressive technological trend and growing customer base, rather than the current financial indicators, explains shareholder Run Capital Andrey Romanenko. According to him, examples of Facebook and Twitter have shown that a key influence on the assessment of public offerings is the number of users. “Investment infusion helps Uber is very fast international expansion due to the selected price policy of low prices and significant marketing costs, and consequently gain the maximum market share for Uber taxi service is the anchor that allows to effectively increase the customer base.”, – Says Mr. Romanenko. Now the company is testing a new service vertical margin – for example, food delivery, the goods out of the store, he concluded.
At the same time Uber – a risky asset, given that in many countries where the company operates, taxi drivers hold protest actions, which may even lead to bans Uber – like, for example, in Dutch or French. In Russia, the taxi companies also need to toughen the responsibility of Internet service for taxis, including the Uber, since the latter is actually subsidizing the transportation of passengers. This, according to the protesters, leading to dumping and oust from the market official taxi services.
L1 deals with technological startups are not limited to investment in Uber, the message says investment group. In the next few years, it plans to invest $ 2-3 billion in the company at a later stage of its development. The range of standard transactions in this direction -. $ 100-500 million L1 net asset value on December 31, 2014 was approximately $ 25 billion
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