Mobile operator Kyivstar wants to buy the online taxi service Uklon. The mobile operator received applications for the acquisition of Ukrainian LLC Tech Uklon, Uklon Corporation, Uklon Ukraine and Cyprus-based UKLON LTD in December 2024, the committee said at the request of Forbes Ukraine.
“The AMCU has received an application for Kyivstar’s permission to acquire control (through Uklon Corporation LLC) over Uklon Ukraine’s assets, which ensure the implementation of activities in ridesharing, delivery and online advertising,” the publication quoted the agency’s response on Friday.
It is noted that the above applications are under consideration by the AMCU.
In December 2024, Uklon co-founder and board member Serhiy Smus noted on Business Breakfast with Volodymyr Fedorin that during its existence, Uklon had received many purchase offers, but none of them were interesting. “If someone makes a good offer, we will consider it,” he said.
The publication informs that, taking into account the military discount, Smus estimated the company at 7-8x EBITDA. Meanwhile, the estimate of the analytical department of Forbes Ukraine suggests that the current price of the company may be $40-80 million.
Kyivstar CEO Oleksandr Komarov told Interfax-Ukraine on January 23 that he confirms plans to invest almost $600 million more in Ukraine by 2027 and is taking steps to expand the business inorganically. According to him, Kyivstar has made a purchase of a small fixed-line operator in 2024.
“We are looking at other goals, including those within the digital ecosystem,” said the CEO of the leading Ukrainian mobile operator.
According to Monobank’s dashboard, its customers spend about 5% of their money on taxis, while Uklon’s share is about 46%.
According to YouControl, Uklon finished the first three quarters of 2024 with revenue of UAH 1.2 billion, which is twice as much as in the same period of 2023.
Ukrainian online cab service Uklon has announced the entry into the market of Uzbekistan, will begin its work in the country from the capital city of Tashkent, the press service of Uklon said on Thursday.
The company told the agency that it plans to begin providing services in the new market as early as the end of June.
According to the release, Uklon will provide solutions for online booking of cars in Uzbekistan, including Uklon App – an application for passengers and Uklon Driver App – an application for drivers. The company will also provide delivery service.
It is specified that entering the market of Tashkent is an important step in the strategy of expansion of the Ukrainian IT-company.
Uklon – Ukrainian IT-product company, the developer of the eponymous online service call for cars. For 13 years of work Uklon has significantly expanded its geographical coverage in Ukraine and today works in 27 cities of the country and mobile application Uklon downloaded more than 12 million times.
As reported on May 3 this year Uklon announced the entry into the market of Azerbaijan.
Taxi calling services Bolt and Uklon continue to work.
The Uber service has stopped working in Ukraine, the company said in its app.
“Uber rides are not available in this region at this time,” a message to passengers in Kyiv reads.
In Lviv, the application shows that there are no trips available.
In Kharkiv and Odesa, a message is also displayed stating that trips in the region are not available.
“Due to the growth of geopolitical tensions and recent events, we have decided to suspend the operation of the application. The safety of all application users is our top priority. We continue to monitor the circumstances and hope that this is a temporary situation,” the company said.
Uber has been operating in Ukraine since 2016 and is present in nine cities.
