youdo
AI-powered service marketplace raises $17 million to "disrupt the classifieds market"
YouDo.com, a platform that matches people requesting and providing day-to-day services, has raised $17 million in an equity funding round led by mobile operator MTS, as reported by the business daily Kommersant. MTS put $12 million on the table, while undisclosed amounts were brought by the other investors, namely Sistema Venture Capital (a one of the venture instruments of Sistema, a conglomerate that controls MTS), Flint Capital and United Capital Partners (UCP), as well as individual investors Sergey Solonin and Alexander Kabakov. The funding will support the company's "geographic expansion," launch of new service categories, marketing campaign and further service automation. Virtually unknown outside Russia, YouDo.com has a strong traction on the local market. The site presents itself to users in a very simple way, as a place to solve all manner of practical problems -- from computer repair to translations to housekeeping, and thousands of other fields of activities.