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Russian tech investor Tavrin buys Sdelano apartment repair service

Russian tech investor Tavrin buys Sdelano apartment repair service
Kismet Capital Group (KCG) of Ivan Tavrin acquired 99.9% of apartment repair service Sdelano (Done)
By bne IntelliNews May 29, 2019

Kismet Capital Group (KCG) of Ivan Tavrin acquired 99.9% of apartment repair service Sdelano (Done), co-founded by the head of Afisha magazine and Strelka design institute Ilya Oskolkov-Tsentsiper and architect Ilya Shargaev, Vedomosti daily reported on May 28 citing representatives of both sides of the deal.

The value of the deal was no undisclosed, but Sdelano was reported to have raised $5mn of investment. The company more than doubled its revenues in 2018 to RUB320mn, but so far has only commissioned 385 repair deals.

However, the repair market in Russia has a big upside, as it is currently unstructured, dominated by intermittent private repair brigades, and lacks an organised marketplace with reliable players.

Tavrin is a media and tech investor, former head of the MegaFon mobile major and ex-board member of internet major Mail.ru. In 2009 he co-founded YuTV holding with tycoon Alisher Usmanov (controls such media assets as STS Media, Muz-TV, Gallery outdoor ad).

Most recently Tavrin reportedly cashed in on 9% of the HeadHunter Nasdaq IPO proceeds, to which he was entitled under a deal with online job search service main shareholders Highworld and ELQ, closed when selling his shares in HeadHunter to them in 2016.

 

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