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We are happy that the effort that went to competing with each other can now be redirected to achieving our common goal: making food delivery market better and more accessible.” Notes to announcement: Zaka Zaka revenue numbers presented here are prepared based on principles used for the segment financial information of the Company's consolidated operations, i.e.
Commenting on the acquisition Dmitry Grishin, Co-Founder and Chairman of the Board, said: “As Russian food delivery market continues to show stable growth, it provides us with further proof that our decision to enter foodtech segment was right.Ru Group allows for natural synergy; on one hand, there is Mail.Ru Group’s huge mobile audience and extensive experience in mobile segment; on the other hand, there is Zaka Zaka’s great retention rate, strong presence all around Russia and high purchase frequency.It currently has around 2,600 connected restaurants and the number of orders reached around 126,000 in March 2017.In FY 2016 revenues amounted to RUB 56 million and in Q1 2017 revenues were RUB 30 million.The online shooter has physics, destruction and simplified controls.
Previously, Panzerdog has already raised pre-seed investment from Aii Capital, Finnish family investment company owned by Pekka A. The fund financed early stages of the development of Tacticool, 5vs5 third-person mobile shooter. Ru Games Ventures will allow Panzerdog to finish the development of Tacticool and to enter an international market later on. Ru Games Ventures will also provide a partner with all-round support, access to its internal resources and services, and other advantages that help Panzerdog boost the successful development of Tacticool. Ru Games Ventures is one of a few “smart investors” that provide developers with its expertise and its network of experts that game studios need to develop their projects faster than they could by themselves. This cooperation will help us introduce high-quality game with new experience for competitive action gamers on mobile,” “Mobile games are the main driver of the game market’s growth around the globe and, in particular, in Russia.
Acquisition of Delivery Club was our first step into the market, and it proved to be a successful one: Delivery Club has displayed very significant growth in all operating metrics.
With acquisition of Zaka Zaka, we are expanding our leading foodtech market position, and we are excited by the potential of our food delivery business.” Following the very successful acquisition of Delivery Club in November 2016 we are now looking to further consolidate our number 1 position in the market.
To ensure that cooperation benefits every type of partner, it will employ a variety of investment strategies, including royalty investments and M&A. Besides, the company has production offices in two Russian cities — Kaliningrad and Tomsk.
About Panzerdog Panzerdog is Finnish-Russian mobile game startup. Panzerdog employs 14 experienced game developers with 10 years in the industry on average. Among past projects of Panzerdog’s employees is Warhammer 40,000: Space Wolf, the game with Apple Editor's Choice, Best of Year and other awards.
The total deal value for the 90.09% is USD 18 million giving a total value to Zaka Zaka of USD 20 million. Ru Group will fully consolidate Zaka Zaka from the date of closing and will disclose all results on a pro-forma basis going forward to allow for like-for-like comparison.