“Foodplex”, a unique digital platform for the Russian food market

Oct 5, 2018 11:57 am

Sberbank, Rambler Group, Ghp Group and private investors Gurevich and Malakhov have concluded the agreement to create a single digital food platform

Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, and tech businessmen Grigory Gurevich and Evgeny Malakhov are joining forces to create a multi function platform for the Russian restaurant and food delivery market.

Dubbed ‘Foodplex,’, the platform will allow customers to make online bookings, order dishes even before coming to the restaurant, settle the bill without waiting for the waiter, give tips by cashless payment, and order home.

Most of these functions are already offered by the partners involved in Foodplex, but separately. The new venture will aims to create a more comprehensive service offer.

Among domestic competitors are Yandex, the Russian search giant which recently merged its taxi hailing and food delivery services with Uber in Russia, and Mail.Ru Group, which acquired several food delivery startups last year.

Among smaller players on the Russian food delivery market are ChefMarket.ru, which received investments from Mitsui, GrowFood, which is funded by AddVenture, and Elementaree, which raised $2 million in the summer of last year.

Last year, Russian consumers’ expenses in cafés, bars and restaurants amounted to some 1.14 trillion rubles (roughly $20 billion).

Source URL: http://eurasiatx.com/foodplex-unique-digital-platform-russian-food-market/