Yandex’s Taxi Business: What You Need to Know
In February, Yandex and Uber completed a transaction to combine their ride-hailing businesses in Russia and neighboring countries under a joint venture. In addition to contributing to its operations, Uber invested $225 million in cash in the joint venture while Yandex invested $100 million in cash. The Yandex-Uber joint venture is valued at more than $3.8 billion and owned 59.3% by Yandex and 36.9% by Uber.