Monopoly. Online

As of July 2023, the company is developing a digital platform of the same name. logistics Monopoly.Online

Performance indicators

2024: Revenue growth 15% to ₽60,2 billion

By the end of 2024, the Monopoly digital logistics platform increased revenue under IFRS by 15% to ₽60,2 billion. At the same time, the group's gross profit decreased by 15.4% to ₽4,4 billion. This was reported by the press service of the company at the end of April 2025.

According to Interfax, the main revenue growth was ensured by the development of the group's business in asset-light segments (a business model with minimal own assets), while transportation by its own fleet did not show growth amid a decrease in tariffs for road transportation.

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Фото: "Monopoly"

In the total structure of the company's revenue, ₽22,3 billion (+ 5%) was formed by fuel processing and additional services with its own application (Monopoly Multiservice segment), ₽18,1 billion (+ 19%) - by cargo transportation by a attracted fleet of carriers operating on the platform (Monopoly Cargo). The most dynamic growth was demonstrated by the segment of cargo transportation with the help of business drivers who received transport on lease (Monopoly Business) - by 75% to ₽9,3 billion.

More than 80% of the group's revenue came from growing asset-light segments. Revenue from transportation by its own fleet (Monopoly Traking segment) for 2024 remained at the same level, which the company explains both the market situation and the priority to stimulate development in the "light segments" to optimize costs and improve scaling opportunities.

The group's net debt for 2024 did not change, remaining at ₽13,5 billion. The ratio of net debt to EBITDA was 4,9× compared to 3,9× at the end of 2023. The press service of Monopoly noted that the market value of equipment owned by the company exceeds the size of the debt and is ₽17 billion. The plan to reduce the debt burden is related, among other things, to the sale of vehicles to third-party carriers, which will subsequently operate on the platform.^[1]

History

2025

Vostok Investments buys stake in Monopoly. Online

Investment holding East investment"" (MKOOO "Königsberg Investments," formerly Baring Vostok) plans to acquire a minority stake in the logistics platform, Monopoly"" This was announced by the founder and chairman of the board of directors of the Monopoly group of companies Ilya Dmitriyev at the end of April 2025.

The representative of Vostok Investments, in a conversation with Vedomosti, confirmed the investment plans, but the parties did not disclose the details of the upcoming transaction.

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Фото: Freepik

In early April 2025, RBC, citing sources, reported that Monopoly would hold an investment round. According to the publication, the company planned to attract 3-5 billion rubles. from the investment fund "VIM Investments" (formerly "VTB Capital Asset Management") and HNWI (High Net Worth Individuals - individuals who own highly liquid assets worth more than $1 million). According to RBC, the company in this round was estimated at 28 billion rubles. Dmitriyev does not comment on the possibility of a deal with these investors, but confirmed that the company was valued at the indicated amount by the end of April 2025. According to Finam analyst Leonid Delitsyn, the share that Vostok Investments will acquire could be about 15%. Based on this estimate, investments can reach ₽4,2 billion, which, according to the expert, is enough to cover the company's debt burden and prepare for an IPO.

Investment strategist at Arikapital Management Company Sergei Suverov suggests that Vostok's interest in investments in Monopoly may be due to the fact that the fund is already well acquainted with the asset. The Russian team Baring Vostok, which previously managed the share of the Swedish fund VNV Global in Monopoly, moved to the investment holding. Until 2022, VNV Global owned approximately 10% of the company.

Ilya Dmitriyev confirmed its plans to enter an IPO, specifying that the company plans to place 10 to 15% of the capital in order to reduce the debt burden and further develop the digital platform. Over the past six months, Monopoly has already raised more than ₽4 billion through fixed-rate bonds, floaters and digital financial assets.^[2]

Preparing for IPO

On April 8, 2025, it became known that the logistics online cargo transportation platform Monopoly plans to conduct an additional issue of shares in the amount of ₽3-5 billion in preparation for the initial offering of shares on the Moscow Exchange. The company was valued at ₽28 billion, and the deal will close in the second quarter of 2025 after agreeing on all formal procedures with regulators.

According to RBC, a 10-15% stake in Monopoly will be acquired by the VIM Investments investment fund, created on the basis of a company that VTB transferred to third parties in 2022, as well as individuals who own highly liquid assets worth more than $1 million (HNWI - High Net Worth Individuals).

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Фото: Freepik

According to the publication, the transaction will be structured through closed mutual investment funds "VIM Investments." The raised funds are planned to be directed to the development of the technological component of the platform, including the expansion of the IT team, the development of new products based on big data, as well as to reduce the debt burden that the company has formed during the implementation of the merger and acquisition strategy.

According to RBC sources close to the deal, the purpose of the investment round is to complete the transformation of Monopoly into an asset light model, which assumes higher multipliers compared to traditional capital-intensive business models, before the planned public offering on the Moscow Exchange. Investors expect Monopoly to repeat the success of projects such as Yandex Taxi and Uber, but in the b2b freight segment.

According to Arikapital investment strategist Sergei Suverov, the estimate is in the region of 28 billion rubles. for Monopoly "looks quite reasonable," since the company has a reserve for growth in a large market. According to the results of 2024, Kept estimated the volume of the online road freight market at 183 billion rubles. According to the forecast of consultants, the market will grow by an average of 30% per year and by 2030 will reach 868 billion rubles.^[3]

2024: Purchase of the Perm developer of services for cargo transportation "Smart Logistics"

The Monopoly group of companies in mid-June 2024 acquired the Perm developer of services for cargo transportation "Smart Logistics." The deal is aimed at consolidating efforts to digitalize and optimize logistics processes. Read more here.

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