Sberbank and Group JV buys controlling interest in Samokat service

May 21, 2020
  • JV’s stake in service is 75.6%
  • Samokat to be integrated into Sberbank and Group ecosystems

May 21, 2020, Moscow — The mobility and food-tech joint venture between Sberbank and Group has purchased the controlling interest in Samokat, an express service to deliver food and household products.

The stake of the joint venture in the service stands at 75.6% after purchasing the shares of financial investors in the project and receiving approval from corporate and regulatory agencies, including the Federal Antimonopoly Service of Russia. The founders and top managers of the service will retain their minority stakes to remain co-owners of the company.

Samokat will be integrated into the ecosystems of Sberbank and Group. The team of the project will be able to take advantage of the technological and operational solutions of the partners, as well as access the expertise of other businesses of the shared platform. Some integrations have already been completed. For example, users from Moscow, Moscow Region, and St. Petersburg can place orders for food and household goods with Samokat using the Delivery Club app.

Lev Khasis, First Deputy Chairman of the Executive Board, Sberbank,

“Since its inception in 2018, Samokat’s business model has proven its high efficiency. Today, Samokat processes over 40,000 orders daily, delivering orders within 15 to 20 minutes on average and being a market leader in the express delivery of food. Amid the pandemic and millions of people being forced to self-isolate and stay in quarantine the number of Samokat customers has grown dramatically and the Company is striving to prove they were right placing their trust in it while supporting the high quality of its services despite the rapidly climbing demand.”

Boris Dobrodeev, CEO, Group,

“Samokat has been growing quickly, by 30% every month, even before the self-isolation in Moscow and St Petersburg. The purchase is fully in line with our strategy to help people meet all their food-related needs. Now Samokat has become an essential service, and the team does its best for people to quickly order and get the products they need without leaving their home. At the same time, we are sure that the habit of using a food delivery service will remain even after all the restrictions get lifted.”

Samokat is a service delivering food and essential goods to your home in 15–30 minutes. Today the service has 168 dark stores in Moscow and St Petersburg, and more than 2,500 different products. Samokat delivers more than 40,000 orders a day. Over the last month its average order value grew by 30%. Delivery is completely free.