Russias investment agency Russian Direct Investment Fund (RDIF), announces a strategic partnership between its portfolio company Doctis and Mail.ru Group, Russias leading internet and IT-company.
- The agreement with Mail.ru Group will enable Doctis to provide high-quality telemedicine services to even more users and support the further growth of the company.
- Using Artificial Intelligence (AI) technology and further expanding its remote medical services, Doctis is set, with the support of RDIF, to deliver major growth, increasing the volume of online consultations to 100,000 per week and the number of users to 5 million by the end of 2020.
- At the initial stage of the partnership Doctis will integrate its services into the Health Mail.ru website. This will enable users to receive online consultations from doctors at leading Russian clinics, including MD Medical Group, MMC SOGAZ, United Medical Systems Group of Companies and others in addition to the websites existing information services.
The recent investments and deals by RDIF in last three months are featured below:
May 2020: RDIF announced that Russia-Japan Investment Fund (RJIF), joins the investment in the Russia-Japan coronavirus diagnostics system EMG Evotech Mirai Genomics. EMG is one of the worlds fastest and most accurate systems and able to detect the virus in few minutes.
April 2020: The Russian Direct Investment Fund (RDIF), announced the production of a first batch of 200 litres of cell culture fluid biomass in partnership with the Russian-Japanese company EMG. This will enable EMG to produce up to one million high-quality rapid tests for the detection of COVID-19.
March 2020, The Russian Direct Investment Fund (RDIF), announced its supports to MD Medical Group (RDIF portfolio company) to start treating patients with pneumonia symptoms, including patients with coronavirus symptoms, at its clinical hospital Lapino.
March 2020, The Russian Direct Investment Fund (RDIF), RUIE (the Russian Union of Industrialists and Entrepreneurs), Yandex and Mail.ru Group announced the creation of an alliance against coronavirus (COVID-19).
Moscow based Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund. RDIF was founded in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. It has implemented almost 70 projects in partnership with foreign entity. RDIFs portfolio of companies employs approximately 800,000 people and generates revenues which equate to over 6% of Russias GDP.