Moscow, July 5, 2021 - Sistema SmartTech, the venture fund of Sistema JSFC, invests 200 million rubles in the "last mile" delivery platform Checkbox (legal entity — Samokart JSC).

Checkbox allows businesses of any size to deliver orders on the day of purchase with a "next-day delivery" economy.The company achieves such an economic effect thanks to its own unique routing algorithms in real time.

The ability to rearrange routes as new orders arrive allows you to combine the volumes of 2000 partners — from small online stores to the most famous brands.

As a result of the transaction, Sistema SmartTech's share in the authorized capital of Samokart JSC will amount to 18.57%. The company plans to use the raised funds to improve the platform, for geographical and staff expansion. At the end of 2020, the TealTech Capital Fund invested 70 million rubles in Checkbox as part of the 90 million rubles round.

Founded in 2019 in Krasnodar, the company is now represented in Moscow and St. Petersburg. Only in Moscow Checkbox serves more than 2000 companies delivering a wide variety of goods (food, clothing, flowers, appliances and hundreds of other categories) the same-day.

The unique advantage of the company is the algorithms for distribution and redistribution of orders using machine learning. The system combines several orders in one chain (“pulling”), due to which savings in delivery for the client are achieved, the efficiency of couriers' work increases and, as a result, their earnings, which ultimately positively affects the overall quality of the service.

“The Russian e-commerce market is growing rapidly and, according to experts estimates, it will reach 7.6 trillion rubles by 2025. The demand for door-to-door delivery services increased significantly in 2020 against the background of the coronavirus pandemic – it is expected that the market volume of these services will reach 232 billion rubles by 2025. We see the development potential of “the last mile” delivery market and believe that Checkbox, with its unique digital platform, high standards of service and competitive price, may become one of the leaders in this fast-growing market” - said Artem Sirazutdinov, the member of the investment committee of the fund Sistema SmartTech.

“Checkbox carries on business in the heated market. Prompt delivery has profoundly become a norm, which allows to save time and resources. Pandemic only highlighted the great potential for growth and development of this branch. At the same time, the e-commerce market, closely related to the delivery segment, keeps rapidly increasing. It’s also important to say that Checkbox uses the platform created by its own team of professionals. So, we have no doubts about the further active development of the company” - said Ksenia Shoygu, the managing partner of the fund Sistema SmartTech.

Sistema SmartTech was established in 2020 to support high-potential companies at seed and early investment stages.
The fund focuses on innovative startups in High Tech, including various digital products and services, transport, biotechnology and artificial intelligence. The Fund invests in Russian and foreign companies of various sectors of the economy without reference to specific industries. The Fund's priorities are: IT in medicine, education, logistics and transport, as well as trends and niches formed under the influence of COVID-19.