RDIF et al. in Carprice, Travelata, Elementaree

Carprice, a car sales service, is receiving funds from RDIF, Baring Vostok and funds from the Middle East. The fresh capital will be used to accelerate growth of the business in Russian regions, increase its market share and develop platforms for inter-dealer car sales. 

RDIF is also investing, jointly with partners from France and the Middle East, in Elementaree, a ready-to-cook meal kits delivery service. The transaction will enable the company to expand its production facilities and install new technological equipment. The investment will also support the digitalisation of Elementaree's services and help extend its business to other cities.

RDIF and some Middle Eastern partners will also support the growth of Travelata, an online travel agency.

Company
Founded in 2014 and headquartered in Moscow, Carprice is an online auction for used cars. The company has offices in 19 cities of Russia, and 40 locations where cars are inspected and redeemed. Carprice has raised total investment of $48m, the item noted, according to Crunchbase.

Moscow-based Elementaree was founded in 2014 and is a ready-to-cook meal kits delivery service by subscription. Elementaree's gross sales in 2017 were below $8.07m, as previously reported.

Founded in 2011, Travelata is an online travel agency for the Russian market that sells tours without the need of human assistance. The company has offices in 20 cities of the Russian Federation.

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• Topics
• CEE
• Expansion
• Russia
• Russian Direct Investment Fund (RDIF)
• Venture