Slava Bocharov Explained

Slava Bocharov
Birth Date:1979
Birth Place:Ordzhonikidze, USSR
Education:Military Institute of Finance and Economics (2001)
Occupation:executive, entrepreneur
Years Active:2002—present

Slava Bocharov (born 1979 in Ordzhonikidze, USSR) is a retail executive and entrepreneur, former deputy CEO of Magnit, the creator of Magnit Cosmetics branch. The founder of Samokat and Byuk dark store rapid delivery services.

Biography

Early years

Slava Bocharov was born in 1979 in Ordzhonikidze (currently Vladikavkaz). In 2001, he graduated from the Yaroslavl Military Institute of Finance and Economics with a degree in Finance and Credit.[1] In 2002, he got a job at Magnit and built a career from a store manager to a C-level executive in less than 15 years.[2]

Magnit

Bocharov became a store manager at Magnit in 2002 and was promoted to regional manager in a few years. In 2009, he became the Chief Logistics Officer of the whole retail chain.[3] [4] In 2010, Bocharov established and headed the Magnit Cosmetics branch before being appointed as the head of the convenience store branch, Magnit core store format, in 2011.[5] In four years, the convenience store branch grew from 5300 stores in 2011[6] to 8800 stores totaling 75% of company revenue in 2015.

In 2015, Bocharov temporarily took the role of the deputy CEO of the Russian Post, responsible for the operational management and post offices efficiency improvement, but soon was invited back to Magnit by its founder Sergey Galitsky to take the role of the Chief Officer of Marketing and Development.[7] [8]

Entrepreneurship

Samokat

In 2017, Bocharov joined Rodion Shishkov's startup Smart.Space that improved service convenience in business centers and housing estates. Among other services, it provided a rapid delivery of grocery and consumer goods under the name Magazinchik (Russian: a small shop). Soon, it was split into a separate company Samokat, which became the first dark store delivery service and the fastest-growing food tech company in Russia.[9]

Bocharov was responsible for the strategic development and operational management of the venture.[10] Samokat developed a complex technological backend for demand forecasting and delivery control[11] and became the world's second dark story delivery startup to promise a 15-minute delivery (after Getir).[12] By 2021, Samokat handled up to 900,000 deliveries monthly.[13] In April 2020, Sberbank and the Mail.ru Group acquired 75.6% of Samokat. The founders and the company management retained control of a 24.4% share.[14]

Buyk

Following the success of Samokat in Russia, Bocharov and Shishkov launched a US-based dark store delivery company Buyk,[15] which employed Samokat's technological backend.[16] In 2021, it began operations in New York City and Chicago with a plan to expand to Boston, Houston, and Miami through 2022. Buyk got funding from Fort Ross Ventures and Lev Leviev's LVL1 venture fund.[17] Until November 2021, Bocharov was the CEO of Buyk and continued overseeing the company strategy and fundraising later.[18]

By the time Russia launched the full-scale invasion into Ukraine, Buyk was between the funding rounds and fully dependent on bridge financing from its founders.[19] On March 17, 2022, the company filed for bankruptcy.[20]

Notes and References

  1. Web site: «Самокат» за 700 миллионов: как военный и экономист придумали доставлять продукты за 15 минут и опередили «Яндекс» . ru . A $700 million story of Samokat created by a military professional and an economist . February 25, 2022 . Ksenia Demidkina . Forbes . December 10, 2022.
  2. Web site: «Если в городе живут люди, «Самокат» готов в него заходить» . ru . "Samokat is ready to launch anywhere people live" . Vera Kuzmina . October 21, 2021 . Vedomosti . December 10, 2022.
  3. Web site: «Наша цель — дарить людям время». История питерского стартапа «Самокат», который захватывает рынок онлайн-доставки продуктов . ru . "Our goal is to buy people some time": the story of Saint Petersburg-born Samokat which is winning the online delivery market . Ivan Chesnokov . April 2, 2020 . Inc. . December 10, 2022.
  4. Web site: Сооснователь сервиса «Самокат» — о «темных магазинах» и семейном бюджете . ru . Samokat founder tells about dark stores and family budget . Alexander Pigarev . September 17, 2020 . RBC Style . December 10, 2022.
  5. Web site: Блиц: где закупается основатель «Самоката» и какую зарплату считает достойной? . ru . Blitz questions: where does Samokat founder orders food, and what he considers a decent pay? . Nadezhda Donskikh, Zlata Otieva . February 8, 2021 . BFM . December 10, 2022.
  6. Web site: «Магнит» подвел итоги за 2011 г. . ru . Magnit's annual report for 2011 . January 11, 2022 . Retailer . December 10, 2022.
  7. Web site: Топ-менеджер «Магнита» стал первым замдиректора «Почты России» . ru . Former Magnit executive became the deputy CEO of the Russian Post . July 2, 2015 . Vedomosti . December 10, 2022.
  8. Web site: «Магнит» вернул топ-менеджера из «Почты России» . ru . Magnit brought its executive back from the Russian Post . December 22, 2015 . Vedomosti . December 10, 2022.
  9. Web site: Rodion Shishkov . Pravila Zhizni (ex-Esquire) . August 17, 2022.
  10. Web site: Вячеслав Бочаров и Родион Шишков . ru . Vyacheslav Bocharov & Rodion Shishkov . RBC Saint Petersburg . December 10, 2022.
  11. Web site: Samokat: a USD 700 million business on rapid delivery that has beaten Yandex . Ksenia Demidkina . February 25, 2020 . Forbes . August 17, 2022.
  12. Web site: Vyacheslav Bocharov and Rodion Shishkov . Ekaterina Yinkova . Business Propaganda . August 17, 2022.
  13. Web site: The companies that work "like everyone else" will be gone. Samokat founder Rodion Shishkov on the future of Food tech and retail trends . March 1, 2022 . August 17, 2022.
  14. Web site: The story behind Samokat: the fast delivery service acquired by Sberbank and Mail.Ru Group . Ksenia Morozova . April 17, 2020 . Sobaka.ru . August 17, 2022.
  15. Web site: An instant grocery app founder showed us the pitch deck he used to raise $46 million and explains why VCs are throwing wild amounts of cash at the sector . Callum Burroughs . August 16, 2021 . Business Insider . August 17, 2022.
  16. Web site: Samokat, the Russian rapid delivery service, will launch in the US . Valeria Zhitkova . June 2, 2021 . The Bell . August 17, 2022.
  17. Web site: How two Russian-founded startups in the US became collateral victims of Putin’s war on Ukraine . March 14, 2022 . bne Intellinews . August 17, 2022.
  18. Web site: Ultrafast grocery delivery startup Buyk hires new CEO . Catherine Douglas Moran . November 17, 2022 . Grocery Dive . December 10, 2022.
  19. Web site: How Russia sanctions helped kill 15-minute delivery in New York . Soo Youn . June 2, 2022 . The Washington Post . August 17, 2022.
  20. Web site: Instant Grocery Delivery App Buyk Files for Bankruptcy After Russian Sanctions . Jeremy Hill, Jackie Davalos . March 17, 2022 . Bloomberg . August 18, 2022.

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