Yandex – Startup Story | Founder| Ceo | Funding | History | Competitors

Introduction:

Yandex is a generation and Internet offerings corporation in Russia. It is the maximum famous internet site and seek engine in Russia, with visitors near or surpassing Google. Yandex is a generation corporation that builds sensible services and products powered through system learning. Our aim is to assist customers and companies higher navigate the net and offline world.

Since 1997, we’ve got brought world-class, domestically applicable seek and facts offerings. Additionally, we’ve got evolved marketplace-main on-call for transportation offerings, navigation products, and different cell programs for hundreds of thousands of customers throughout the globe. Yandex, which has 30 workplaces worldwide, has been indexed at the NASDAQ considering the fact that 2011.

Website : https://yandex.com/

About:

Yandex (Яндекс in Russian) is a seek engine belonging to the Russian multinational of the equal call focusing on products and services referring to the internet. Its URL is Yandex.ru and its call derives from the English ‘Yet some other indexer’.

It is Google’s foremost competitor in Russia and in different nations inside its sphere through wide variety of visits acquired and marketplace penetration, with a marketplace proportion of round 60% in Russia.

Yandex is the 6th maximum critical seek engine withinside the world. Like Google, Yandex gives unfastened e-mail, real-time visitors maps, tune, videos, picturegraph garage, and different offerings. It additionally has its personal voice assistant (Alice), its driverless automobile is present process testing, and it has a platform for the control of backed advertisements, Yandex Direct.

Yandex the corporation has been indexed at the Nasdaq considering the fact that 2011. In 1997, they released the quest engine Yandex.ru and these days provide seek and different offerings.

Founder & Team:

Yandex began out as a Russian seek application for MS-DOS known as Arkadia, written through Arkady Volozh and Arkady Borkovsky. In 1997, they released the quest engine Yandex.ru and these days provide seek and different offerings.

Yandex has workplaces in 10 nations. The corporation’s generation and enterprise improvement unit, Yandex Labs, became opened in Silicon Valley in 2008. The Istanbul workplace became released collectively with the corporation’s net portal in Turkey in 2011.

The corporation opened its first European workplace in Lucerne in 2012 to serve marketing and marketing customers withinside the EU. Its first studies and improvement workplace in Europe began out running in Berlin in 2014. The corporation’s Shanghai workplace became released in 2015 to facilitate paintings with Chinese agencies running at the Russian language marketplace.

A new vicinity in Prague became delivered in December 2021 to deal with the corporation’s unexpectedly increasing crowdsourcing, routing, cloud computing, ridesharing and climate forecasting teams.

History:

Between 1993 and 1996, the corporation persevered growing its seek technology and launched software program for looking the Bible. The Yandex.ru seek engine became released on September 23, 1997, and became offered on the Softool exhibition in Moscow. Initially, the quest engine became evolved through Comptek. In 2000, Yandex became integrated as a standalone corporation through Arkady Volozh.

In 1998, Yandex released contextual commercial on its seek engine.

In September 2005, it opened an workplace in Ukraine and released www.yandex.ua. In 2007, Yandex added a custom designed seek engine for Ukrainian users; Yandex additionally opened its improvement middle in Kyiv in May 2007. In 2008, Yandex prolonged its presence in Ukraine through growing bandwidth among Moscow statistics facilities and UA-IX in Ukraine fivefold.

In 2009, all offerings of www.yandex.ua have been localized for the Ukrainian marketplace. In 2010, Yandex released its “Poltava” seek engine set of rules for Ukrainian users, primarily based totally on its MatrixNet generation.

On June 20, 2008, it introduced the formation of Yandex Labs in Silicon Valley, with an goal to foster “innovation in seek and marketing and marketing generation”.

In March 2007, it obtained Russian social networking provider moikrug.ru.; on June 16, 2008, Yandex obtained SMILink, a Russian street visitors tracking agency, to merge with Yandex. Maps offerings. In September 2008, the corporation obtained the rights to the Punto Switcher software program application, an automated Russian to English keyboard format switcher.

In September 2010, it invested in a $4.three million financing spherical through Face.com. The corporation became obtained through Facebook in 2012. In December 2010, the organization released Yandex.Start to discover startups and paintings with them systematically, and acquired WebVisor’s conduct evaluation generation in December 2010. In September 2011, it invested in Blekko as a part of a $30 million financing spherical.

In November 2011, it obtained software program developer SPB Software for $38 million. In June 2012, it obtained a 25% stake in Seismotech, for $1 million. On January 26, 2011, it added top rate placement possibility in its Business listing wherein advertisers’ nearby small companies are highlighted. On January 27, 2011, the corporation obtained unmarried sign-in provider Loginza.

In August 2011, Yandex obtained The Tweeted Times, a information transport startup. In September 2011, it released a seek engine and various different offerings in Turkey, starting an workplace in Istanbul.

Name & Logo:

In 1993, Arkady Volozh and Ilya Segalovich, buddies considering the fact that their faculty days and through then running collectively to increase seek software program, invented the word “Yandex” to explain their seek technology. The call first of all stood for “Yet Another iNDEXer”.

However, that is additionally a bilingual pun on “index” considering the fact that “Я” (“ya”) means “I” in Russian. Another pun is primarily based totally at the yin and yang contrast.

Revenue:

The corporation have become worthwhile in November 2002. In 2004, Yandex income elevated to $17 million, up 1000% in 2 years. The internet profits of the corporation in 2004 became $7 million. In June 2006, the weekly sales of Yandex.Direct context commercials device exceeded $1 million. The corporation’s accounting has been audited through Deloitte considering the fact that 1999.

On May 24, 2011, it raised $1.three billion in an preliminary public providing on NASDAQ, the most important preliminary public providing for a dot-com corporation considering the fact that Google’s providing in 2004. Among the biggest buyers have been Baring Vostok Capital Partners, which owned a 30% stake, and Tiger Management, which owned a 15% stake.

In 2013, Yandex have become the biggest media belongings in Russia through sales.

How Acquisitions Happened?

In October 2013, the corporation obtained KinoPoisk, the most important Russian film seek engine. In February 2014, Yandex invested numerous million greenbacks in MultiShip. In March 2014, it obtained Israeli geolocation startup KitLocate and opened a studies and improvement workplace in Israel. In June 2014, it obtained Auto.ru, an internet market and categorised marketing and marketing internet site for automobiles, for $one hundred seventy five million.

In December 2015, it obtained Internet safety corporation Agnitum . On June 6, 2017, the corporation invested in a $five million financing spherical through Doc+. In December 2017, it obtained meals transport Foodfox. On February 7, 2018, Uber and Yandex NV merged their companies in Russia, Kazakhstan, Azerbaijan, Armenia, Belarus and Georgia. Uber invested $225 million and owns 36.6% stake withinside the task at the same time as Yandex invested $a hundred million and owns a 59.three% stake.

In May 2018, Sberbank and Yandex finished a joint task deal to increase a B2C eCommerce ecosystem. In October 2018, Yandex obtained Edadil (Russian: Едадил, lit. “grocery deals”), a deal aggregator provider.

In June 2021, Yandex, VTB Bank, LANIT Group and pc hardware manufacturer Gigabyte based a joint task to begin generating servers in Russia in 2022. In October 2021, production of a brand new plant in Ryazan Oblast became released with 1 billion roubles at some stage in the primary level of investments.

The new plant will produce servers, statistics garage systems, gateways and clever system under “Openyard” brand. In January 2022, Yandex obtained “eLama”, virtual marketing and marketing platform, looking ahead to the approvement from Federal Antimonopoly Service. That equal month Yandex has additionally bought “BandLink” tune provider.

Other Services Offered through Yandex:

• Yandex.Connect — a B2B service similar to Google Apps
• Yandex.Disk — Cloud storage
• Yandex.DNS — Free public DNS
• Yandex.Mail — E-mail with unlimited storage
• Yandex.Images — Image search by keyword or image file
• Yandex.Money — Make electronic payments to vendors or other users
• Yandex.Taxi — Connects users with Russian taxi services
• Yandex.Translate — Translate text online
• Yandex.Video — Search for movies and video clips
• Yandex also publishes its own web browser, Yandex Browser, which is based on Chromium.

Competitors:

Yandex competition encompass Google, Baidu, Yahoo and Rambler&Co.

Latest News:

• 29 April, 2022: Yandex Provides Update on Convertible Notes.
• According to Meduza research posted on five May 2022, because 2016 the top-five information at the Yandex’s essential web page are fashioned on the premise of a mystery listing of Russian media accredited with the aid of using Presidential Administration of Russia, which incorporates best pro-Kremlin media.
• 28 April, 2022: Yandex has reached an settlement in precept at the sale of News and Zen to VK.
• 27 April, 2022: Yandex Announces First Quarter 2022 Financial Results.
• In 2022, TechCrunch said that Yandex become promoting its media department after the EU sanctioned the previous head of its information operation, Lev Gershenzon (VK showed to be the client in an Apr 2022 press release). The CNN additionally said on March 2022 that Yandex warned it could now no longer be capable of pay its money owed because of sanctions imposed on Russia.

Future Plans:

Russian net massive Yandex (YNDX.O) intends spent around $650 million on e-trade tasks 2021 yr, greater than formerly planned, after reporting sturdy 2d-zone effects and upgrading its 2021 sales forecast.

Group sales 2021 yr ought to now be among 330 and 340 billion roubles ($four.49-$four.sixty three billion), Yandex stated, up from 315-330 billion roubles formerly. Second-zone sales jumped 70% yr-on-yr to 81.four billion roubles.

Yandex offerings variety from marketing and marketing to ride-hailing and foodtech. Strong boom in more moderen enterprise areas, along with e-trade and meals delivery, driven marketing and marketing’s percentage of institution sales under 50% for a 2d successive zone.

Yandex stated e-trade investments have been the principle driving force of a decline in adjusted income earlier than interest, tax, depreciation and amortisation (EBITDA), which fell 13% withinside the 2d zone yr-on-yr.

Yandex Success Factors:

One of Yandex’s key achievement elements is its early upward push to dominance because the main seek engine in Russia. The seek engine become created and mounted nicely earlier than Google’s access into the Russian marketplace in 2003. This allowed Yandex to set up first-mover gain of their domestic marketplace at the same time as their largest competitor become simply identifying a way to perform in Russia.

Additionally, Yandex’s origins of being a Russian language seek engine is every other achievement issue. The complete seek product become constructed upon Russian morphology, permitting the hunt to interpret and apprehend Russian phrases higher than their competitor’s product.

This is fundamental because it highlights the follies of western businesses trying to input overseas markets however falling quick in meaningfully localizing their merchandise for the ones consumers.

Finally, cease consumers’ nationalistic sentiments and skepticism of American companies is every other contributing issue to the hunt engine’s achievement. Given the political tensions among the 2 international locations, many cease customers favor to use a homegrown product, like Yandex, for the only reason of helping a made from their personal.

Some FAQs:

Is Yandex an amazing purchase?

Should you purchase Yandex today? Yandex’s inventory seems undervalued proper now, however it can stay out of style for a completely lengthy time.

Is Yandex profitable?

Advertising is the. In 2020, the organisation had an annual internet earnings of 24.15 billion Russian rubles, with income earlier than earnings taxes amounting to 37.2 billion Russian rubles.

How many personnel does Yandex have?

10,227

Does Yandex track?

Yandex.com (Yandex Mail) does not offer open monitoring or study receipts thru their webmail interface, however they guide IMAP, this means that you could use every other e mail application like Mailspring to ship messages with study receipts and open monitoring enabled.

How famous is Yandex?

As referred to above, Yandex is the maximum famous seek engine in Russia with a 48.79% marketplace percentage, as compared to Google’s 47.88%. Keep in thoughts that this discern varies primarily based totally at the source. Some reassets have Yandex’s marketplace percentage at over 50%, and maximum of them agree that Yandex is greater famous than Google in Russia.

How non-public is Yandex?

Incognito mode lets in you to preserve your searches and visited webweb sites non-public. In Incognito mode, Yandex Browser does now no longer keep your passwords, Autofill data, seek queries, history, or visited pages.

Who runs Yandex?

Arkady Yurievich Volozh.

Is Yandex secure for privacy?

Yandex Browser makes use of its personal included protection machine referred to as Protect, which scans downloaded documents for viruses; blocks inflamed and fraudulent web sites and surprising marketing and marketing; and secures person passwords, credit score card data, and browser settings.

Is Yandex cloud unfastened?

The carrier is supplied absolutely freed from charge. Everyone begins offevolved off with a unfastened allowance of 10GB, which may be improved with the aid of using 512 Mb increments with the aid of using referring others to an extra most of 10 GB for 20 GB in total. Also, extra garage may be paid for on a month-to-month or every year basis.

Conclusion:

As Yandex seems ahead to the following 5 years, they may want to protect their seek marketplace percentage of their domestic usa at the same time as exploring boom via geographic enlargement or product diversification. The organisation ought to leverage its cappotential to construct offerings in a meaningfully localized way to deepen its operations in international locations along with Belarus and Turkey.

From product diversification, the organisation has confirmed that it may bundle its technology into different sales streams. While on line marketing and marketing makes up greater than 1/2 of in their sales, the organisation continues to be quick of being taken into consideration a pure-play.

Furthermore, taxi sales have skilled huge yr-over-yr boom, solidifying the organisation’s cappotential to interrupt into different merchandise and sales fashions outdoor of marketing and marketing. They ought to examine leveraging this functionality into different ability merchandise.