Demetra-Holding and Smartseeds, an IT operator of grain transportation services, announce their strategic partnership

Demetra-Holding LLC, in which VTB Group holds a more than 50% stake, and Smartseeds, an IT company providing grain transportation logistics, announced their strategic partnership.

As part of a partnership agreement with SmartContract LLC (owner of Smartseeds IT platform), the companies agreed on a joint project to develop modern grain transportation formats and digital business activities.

Evgeny Tikhomirov has been appointed the new General Director of Smartseeds IT platform. Previously, Evgeny worked as Director of Operations and Commercial activities at Ozon and was involved in projects to create marketplaces and online commerce platforms in eBay and Yandex.Market.

The partnership with Smartseeds will be an important element in implementing Demetra-Holding's strategy to improve the competitiveness and transparency of the Russian grain market.

'The introduction of digital services and their scaling in the grain market is a priority for Demetra-Holding. We hope that the grain logistics solutions developed will contribute to the development of a more civilised and competitive domestic grain market. The IT platform helps to speed up transportation with an electronic queuing system, which reduces the unloading times for drivers and the terminal, and to quickly process insurance and payment for cargo', said Vitaly Sergeychuk, Senior Vice President of VTB Bank, Deputy Head of the Department for Relations with Customers in Market Sectors, CEO of Demetra-Holding LLC.

Smartseeds will further develop its business by attracting new customers and introducing efficient and user-friendly digital services for customers and carriers.'