Russian home services marketplace app YouDo is in demand, with investors lining up to participate in the company’s upcoming fourth investment round. According to Russian newspaper Kommersant, Chinese e-commerce giant Alibaba has already expressed its interest in participating. It’s a favorite to become the latest major investor in the business.

YouDo is one of the largest services marketplaces in Russia, with the company’s mobile-first approach especially popular among the country’s mobile users. If both app usage and site traffic (total monthly visits of 2.6 million in April, according to SimilarWeb) are taken into account, the company is the largest services vertical in the country. Other competitors include and the large services section of

The latest round is expected to bring in tens of millions in U.S. dollars. Alibaba is keen on integrating YouDo with its own range of e-commerce services in Russia.

Another potential investor is Russian mobile operator MTS, which has previously tried to buy the company. Privately owned YouDo has previously stated that it is not for sale and the company will set a limit of only two new investors in the upcoming round.

Current investors in the project include equity funds Flint Capital, United Capital Partners, and Russian conglomerate Sistema.

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