YClients

YClients is developing a service automation service of the same name. It was founded in 2010.

The YClients platform is a small business service aggregator. The service is designed for warehouse accounting, organizing online registration in fitness centers, beauty salons, etc., managing loyalty programs, etc. With the help of Yclients, users can sign up for car washes, fitness centers, beauty salons and other establishments.

History

2023: Acquisition of 100% stake in YClients by VK

VK On December 20, 2023, the company announced the acquisition of a 100% stake in the YClients group of companies developer the Russian , an online recording and business automation platform in the service sector. According to representatives of VK, the TAdviser purchase of YClients continues to implement the company's strategy in the medium and segment. small business The deal is expected to strengthen VK's position in B2B by increasing the number of tools for the business, their synergies and developing a comprehensive product offering.

YClients

As conceived by VK, the seamless integration of YClients services into VK platforms will allow medium and small businesses to increase conversions and provide new tools for business development. Companies will be able to integrate the online recording service into their communities on VK social networks, connect the checkout service, feedback system and other functions in demand for business.

Users of social platforms VK will be able to sign up for services to specialists from the community page or from the messenger, for example, to a beauty salon or fitness club, share feedback, safely and quickly pay.

By December 2023, Yclients is developing cloud-based solutions for service business automation: Arnika, Denta, SQNS, as well as the Yclients platform and the mobile online recording application Yplaces. According to the company's own data, more than 45 thousand representatives of medium and small businesses conduct their activities with the help of Yclients. Each month, the platform processes more than 18 million records to service specialists. Products are widely represented in the beauty, health and sports segments and have growth prospects in other areas such as leisure, education, auto and retail.

According to Forbes on December 20, 2023, the owners of Yclients have been looking for strategic investors in recent months - this process was "driven" by funds that entered the project before the start of Russia's special operation in Ukraine. In addition to VK, MTS was also interested in the possibility of investing in Yclients, in addition, the asset was shown to the Kismet holding, which controls Avito, he says. The investor who analyzed the project for investments also heard about these interests. The source of the publication in the venture capital environment, among those who considered the deal, called Rostelecom.

The investor who analyzed Yclients draws attention to the loss of 51.2 million rubles received by the company at the end of 2022, as well as the discount, which is usually used when evaluating a business focused on Russia. According to a source familiar with the situation, the "business without profit" was estimated at 4.5 revenue indicators.

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Another Forbes source close to one of Yclients's investors claims the company was valued at four annual revenue figures.

2021: Purchase of the developer of platforms for business automation Alliance iT Technologies

In mid-October 2021, it became known about the sale of Alliance iT Technology to a service for online registration for Yclients services. Thanks to this deal, Yclients has three management systems at its disposal: for dentistry, for clinics and for beauty salons. Read more here.

2019: Raising $10 million in investments

On December 12, 2019, it became known that the Clients service had attracted about $10 million in investments from the Elbrus Capital II fund and the Guard Capital venture fund.

Kommersant A representative of Elbrus Capital told the newspaper about the provision of funding to Yclients. At the same time, he did not disclose information about how much an investor invested in the service.

Yclients about $10 million investment from Elbrus Capital II Fund and Guard Capital Venture Fund

According to estimates by the managing partner of Peregrine Capital Nikolai Gabyshev, Elbrus Capital and Guard Capital could invest $8-9 million and $1-2 million, respectively. In total, they could get up to 25% from the company for the deal, he adds. Thus, all Yclients could be valued at $40 million (2.5 billion rubles at the exchange rate as of December 12, 2019).

One of the founders of Yclients, Yuri Petrov, confirmed to the publication the fact of attracting investments. He also said that by December 2019, more than 20 thousand establishments use the service services, visitors to which make over 8 million records worth more than 10 billion rubles a month. According to Petrov, Yclients serves more than 70% of beauty salons in Russia, including the chains of hairdressers OldBoy, TopGun, Noir. The subscription cost for December 2019 ranged from 0.57-2.5 thousand rubles.

The startup intends to spend the funds raised on the development of the product, the development of new solutions and the expansion of its presence, said Yuri Petrov.

He added that the company hopes to increase the number of customers by one and a half times and increase the volume of business by 70% by the end of 2020.^[1]

2018: Geography

As of October 2018, the company's head office is located in Moscow. In addition, the company is represented in a number of cities of Russia, as well as in Ukraine and Kazakhstan.

2010: Founding of the Company

YClients (WyeClaents LLC) was founded in the summer of 2010. He is the developer of the cloud platform of the same name for automation of the service sector.

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