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RWM Capital sold its shares in OPTEUM to Yandex.Taxi

06.08.2018

RWM Capital has sold its shares in OPTEUM to Yandex.Taxi. OPTEUM is a taxi management platform that allows owners to manage vehicle dispatching and calculate driver allowances. The Company’s VC Fund invested in OPTEUM in 2015. And now it has become its first successful exit.

“RWM Capital Venture Investment Fund was originally established to invest in seed-stage companies with perceived, long-term growth potential,” said Feliks Blinov, CEO of the RWM Capital Investment Group. “We consider ourselves to be a smart money VC fund which provides start-up companies with not yet established commercial operations with a combination of mentorship, experience and access to investment required to drive their businesses and ideas to success. Of course, it is a great achievement of our team that OPTEUM has grown to become attractive to such a big market player.”

OPTEUM has been operating for 5 years. During this time, the company managed to launch a number of workable projects: OPTEUM (CRM for taxi business owners), Taxigrace (an integrating and payroll app for employers running payroll to create paychecks for their taxi drivers). OPTEUM is available in 5 countries with more than 200 taxi companies using its services. p>OPTEUM is a cloud solution for taxi fleet management featuring integrated call center, automatic dispatch of orders, mobile apps for drivers and passengers, GPS-based vehicle location, alert button, etc. It is accessible via a web browser and requires no additional equipment.

OPTEUM allows dispatchers to receive phone and online orders and enter them into the system. The app can also be used for calculating tariffs, navigating and reporting about the status of the order.

“The OPTEUM team has been able to create the best product on the market. Using this service, it is possible to optimise and automise all the business processes of any taxi company, no matter how big or small. We are planning to integrate this solution into our work with all the taxi companies co-operating with Yandex,” said Tigran Khudaverdyan, Head of Yandex.Taxi.

Yandex is a multinational corporation specializing in Internet-related products and services, including search and information services, eCommerce, transportation, navigation, mobile applications, and online advertising.

Yandex primarily serves audiences in Russia and the Commonwealth of Independent States. It is the largest technology company in Russia and the largest search engine on the internet in Russian.

Yandex.taxi was launched in 2011. It is the largest online taxi booking service in Russia.

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