Yandex Invests in Online Logistics to Reinforce Its E-Commerce Platform - Information portal

Yandex Invests in Online Logistics to Reinforce Its E-Commerce Platform

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29.01.2014 Количество просмотров 542 views
MultiShipRussian internet company Yandex has invested in MultiShip, a logistics services provider for online stores, in a move to reinforce its e-commerce platform.

The company has declared it would pay USD 1 million for a software platform which enables online retailers to deliver goods to customers in Russia's regions by connecting them with logistics providers. Yandex will also invest several million into new services and the expansion of MultiShip's client base. It added that MultiShip's software developers would join Yandex's team.

MultiShip works with more than 300 internet stores, helping to arrange delivery to more than 40,000 cities and towns. Yandex.Market features more than 14,000 online stores and has an estimated monthly audience of over 18 million shoppers.

Yandex.Money is one of the largest online payment services on the Russian Internet with 16 million registered users and 9,000 new e-wallets created daily.
Source:  The Paypers


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