Published On: Sun, Jan 24th, 2016

Russia’s billionaire Usmanov among investors of Uber taxi service

The official representatives of USM and Uber in Russia have declined to comment on the reports

Alisher Usmanov ITAR-TASSVladimir Smirnov 100

 

USM Holdings owned by Russia’s business magnate Alisher Usmanov and his partners is one of investors of the popular Uber taxi service, a source close to the company told TASS on Sunday.

The official representatives of USM and Uber in Russia have declined to comment on the reports.

Uber is an international transportation network company that develops mobile app for requesting trips with personal drivers. The company provides services in 360 cities in 64 countries of the world.

In Russia, the company began operations in 2013. In October 2015, Uber said it planned to launch services in all Russian million-strong cities this year. The value of the car-booking company is estimated at $62.5 billion, CNBC reported earlier this month citing sources.

USM Holdings Ltd. is an international company that has assets in metals and mining industry, telecommunications, the Internet and mass media. USM’s main shareholders are Alisher Usmanov, Vladimir Skoch and Farhad Moshiri. Usmanov has earlier invested in Apple, Facebook, Alibaba, JD.com and other high-technology companies.

 

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