- Companies
- Yandex.Market
Yandex.Market Valuation, Funding & Investors
Yandex.Market is valued at $1.1B as of April 2018.
Last Yandex.Market valuation
$1.1B
Strategic investment · Apr 2018
Last Yandex.Market funding round
$492M
Strategic investment · Apr 2018
Cumulative funding Yandex.Market raised
$492M
across 1 funding round
Key investors in Yandex.Market
Sberbank of Russia
Yandex
Yandex.Market Overview
About Yandex.Market
Yandex.Market is a Moscow-based online shopping platform aggregating listings from electronics retailers like M.Video, apparel stores, and appliance sellers. Shoppers compare prices across 10 million products, place direct orders with Yandex Delivery logistics, and access financing options. The service covers Russia and Kazakhstan with integration to Yandex Pay.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission, Advertising
Valuation
$1.1B (Apr 2018)
Yandex.Market Valuation
Yandex.Market is currently valued at $1.1B, based on its strategic investment round in April 2018.
The $492M round was led by Sberbank of Russia.
Yandex.Market valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2018 | Strategic investment | $1.1B |
Yandex.Market Funding History
Yandex.Market has raised a total of $492M across 1 funding round, plus 1 secondary share sale.
Yandex.Market funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2020 | Secondary | Yandex (lead) | $606M | - | - |
| Apr 2018 | Strategic investment | Sberbank of Russia (lead) | $492M | $1.1B | Yandex.Market is a Russian e-commerce marketplace platform formed as a joint venture between Yandex and Sberbank of Russia in April 2018, with each partner holding equal 50% stakes. Sberbank contributed $500 million in cash, the largest capital injection in Russian e-commerce at the time, while Yandex contributed its existing Yandex.Market operations. The JV aimed to create a dominant player in the Russian e-commerce market, often referred to as the 'Russian Amazon.' The partnership was announced around April 27, 2018, leading to Yandex deconsolidating Yandex.Market from its financial statements starting that date, with up to 10% of shares allocated to management and an equity incentive pool. The venture faced challenges, including tensions over control, with Sberbank later approaching Yandex for a potential acquisition of shares in the broader company. By mid-2020, the joint venture dissolved as part of a 'divorce' agreement, with Yandex buying back Sberbank's 45% stake in Yandex.Market for 42 billion rubles (approximately $590-600 million), implying a full implied value around 93 billion rubles at that time, while Sberbank took full control of Yandex.Money. The e-commerce sector in Russia was competitive, with players like Ozon.ru also receiving Sberbank interest. |
Who has invested in Yandex.Market?
2 investors have backed Yandex.Market across its funding rounds, including Sberbank of Russia and Yandex.
Lead investors include Yandex and Sberbank of Russia.
Yandex.Market Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Yandex.Market investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Yandex.Market
Yandex.Market has acquired 1 company to date.
Last acquisition by Yandex.Market was on April 7th 2019. Yandex.Market acquired Scan to Buy for undisclosed valuation.
Latest Acquisitions by Yandex.Market
| Description | Scan to Buy is a mobile app for product scanning and instant payments in retail environments. Moscow-based Scan to Buy uses computer vision to identify barcodes and SKUs from 1,000 Russian retailers. Launched in 2019, it connects to Mir and Sberbank for contactless checkout via QR codes. The app processes 500,000 transactions monthly in supermarkets like Magnit and Pyaterochka. Scan to Buy integrates loyalty programs and delivers e-receipts. |
| HQ Country | |
| HQ City | Moscow |
| Deal Date | 7 Apr 2019 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Yandex.Market acquisitions and their M&A valuation multiples. Start Free Trial | |
Yandex.Market Competitors
Yandex.Market competitors include listed companies like Baltic Classifieds Group, Yelp, BuySell Technologies and QuinStreet, and private ones like Whop and Carousell.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $142M | - | $1.6B | 11.3x | ||
| Publicly listed | $102M | $79M | $1.1B | 10.9x | ||
| Publicly listed | $1.5B | $251M | $1.1B | 0.8x | ||
| Private | $50M | - | $1.1B | 22.0x | ||
| Publicly listed | $647M | $70M | $1.2B | 1.4x | ||
| Publicly listed | $1.3B | $61M | $1B | 0.7x |
Yandex.Market Public Comps
Yandex.Market is still privately-owned, but its public comps include Baltic Classifieds Group, Yelp, Upwork, LegalZoom, The RealReal, BuySell Technologies, Grupa Pracuj, QuinStreet, SMZDM.com and Ibotta.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $1.3B | $61M | 0.7x | 0.7x | 15.8x | 7.9x | |||
This data is available for Pro users. Sign up to see all Yandex.Market competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Yandex.Market
| When was Yandex.Market founded? | Yandex.Market was founded in 2018. |
| Where is Yandex.Market headquartered? | Yandex.Market is headquartered in Moscow, Russia. |
| Is Yandex.Market publicly listed? | No, Yandex.Market is a private, VC-backed company. |
| What is Yandex.Market's valuation? | Yandex.Market was last valued at $1.1B in its strategic investment round in April 2018. |
| How much funding has Yandex.Market raised? | Yandex.Market has raised $492M across 1 funding round. |
| What was Yandex.Market's last funding round? | Yandex.Market's last funding round was a $492M strategic investment round in April 2018, led by Sberbank of Russia. |
| Who are Yandex.Market's investors? | Yandex.Market's investors include Yandex and Sberbank of Russia. |
| Which companies are comparable to Yandex.Market? | Companies comparable to Yandex.Market include Whop, Baltic Classifieds Group, Yelp, Carousell, BuySell Technologies and QuinStreet. |
| How many companies has Yandex.Market acquired? | Yandex.Market has acquired 1 company, including Scan to Buy. |
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