Russia’s Sberbank, Mail.ru to form $1b JV for taxi, food delivery services

Russia’s Sberbank, Mail.ru to form $1b JV for taxi, food delivery services

A worker paints the facade of a branch of Sberbank in central Moscow, Russia, August 17, 2016. REUTERS/Sergei Karpukhin

Russia’s Sberbank and internet firm Mail.ru said on Thursday they would invest up to 64 billion roubles ($1 billion) in a new joint platform for taxi services and food, as online sales in the country gather pace.