Mail.ru purchased the delivery service restaurant food Delivery Club – RETAIL & LOYALTY is a specialized periodical about retail & innovations

it is Reported that the transaction amount is 100 million U.S. dollars, of which $ 90 million. will be paid in November 2016, and the remaining $ 10 million in early 2017 then Mail.ru Group will become the owner of 100% stake in Delivery Club.

Chairman of the Board of Directors Mail.ru Group Dmitry Grishin explained to the media that his company is buying Delivery Group is another step towards the development of mobile applications. Now 72 % of orders from users Delivery Club comes through the mobile app. The combination of the leading position Delivery Club with a network, resources and expertise Mai.ru Group will contribute to the further success of the purchased service, said D Grishin.

Delivery Club was founded in 2009 by a group of private investors led by Levon Hovhannisyan. In 2014, 100% of the shares acquired Delivery Club, an international group of Foodpanda, created by the German incubator Rocket Internet. Foondpand develops marketplaces (aggregators for the delivery of food) in Eastern Europe, Southeast Asia and the Middle East. In the summer of 2016, reported departure from the Club Delivery of a number of top managers disagree with the Foddpanda directs the income of the Russian “girls” on the development of its projects in Asia.

Source: CNews.ru