Sberbank buys service 2GIS competing with

Russia’s Largest Bank will complement its digital ecosystem geographic information service 2GIS. “Sberbank” and the owners of the service officially announced the signing of an agreement in which the Bank and its partners will get a 75 percent share. The deal values the entire 2GIS 14.3 billion, making it one of the most expensive Russian it companies.

2GIS is one of Russia’s largest developers of digital maps and city directories. According to the company, the monthly audience of its geographic information and hyperlocal services in Russia, CIS and other countries is about 50 million people. LLC “Doublegis” was registered in 2004-m to year in Novosibirsk, and in 2015 has raised $ 40 million of investments on development. The founder of the service Alexander Sysoyev and the development team retained control of the company.

Now the founders and management of 2GIS under the deal, will retain a 25% stake in the company, and investment funds Baring Vostok and Global RTP completely out of its capital. Directly “savings” the results of the transaction will own 72%of the shares, and a joint venture Bank and Mail.Ru “О2О holding” — 3%. The Board of Directors will include representatives of “Sberbank” and the founders of 2GIS.

In a press release the participants in the transaction promises to develop “services, which greatly simplify the daily life of users and help entrepreneurs to run a business”. In particular, we are talking about services drawing the most optimal itinerary on the different types of transport to a particular object, order and pay for the trip.

in addition, 2GIS intends to provide a platform and access to its audience local businesses are still poorly represented online. They will be able to sell through the platform via marketplace your goods, deliver them to customers, it is convenient to interact with customers and partners, as well as “control of positioning in the media.”

Finally, the company will providesü developers of digital products ready-made solutions for local search, mapping and navigation. 2GIS technology will be integrated into the various lines of business and services of Sberbank, including banking applications, Saragosti, Spermarket, Citymobil, Delivery Club, SberFood, Scooter and others.

Text: To.Hi-tech