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The report from VNV Global, which also backs Blablacar and Gett, preceded the MaxAB merger announcement. The investment firm — previously known as Vostok New Ventures, backing a number of Russian startups (from which it has now divested) — said it plans to hold on to its stake in Wasoko post-merger. “With VNVs permanent capital structure, we are typically very long-term investors (our best investments have all been 10+ years of holdings) and believe the combined company has the potential to become a very sizeable and valuable business over the coming years,” the firm’s spokesperson said in an email to TechCrunch.
