The Funds’ first investment in telecommunications was made in 1994 in FGI Wireless (which eventually became today’s Vimpelcom, one of Russia’s largest mobile telephony operators). The company was a pioneer in cellular network development in Russia. Since 1994, Baring Vostok funds have invested over $850 million in 30 companies in the internet, software, media, and telecommunications sector.
Revo Technologies

Revo Technologies

Moscow, Russia
Year of initial investments:
Minority stake

Revo was founded in 2012. The Company is a leading fintech company in Russia. Leveraging the latest cloud, data, and mobile technology, Revo is able to deliver instant and paperless sales financing solutions for on- and off-line retailers in Russia. Revo has successfully partnered with leading national merchants in apparel, footwear, children’s, sporting goods, travel, and health and beauty categories to provide accessible sales financing for consumers. Kari, Detsky Mir, Melon Fashion Group, INCITY, Utkonos, Ile de Beute, Thomas Cook are some of Revo’s major partners.

Other projects


22 August 2012 offers a new format for services consumption – the HD.

Telecom services operator launches new bundled offers in all the 42 cities of presence, comprising the basic telecom services – high-speed internet, cable and HD TV, and telephony. The key characteristics of the bundles are the utmost speed of internet access (up to 100 Mbit/sec around the clock) and the highest number of HD channels in the basic TV package among digital TV operators (23 channels), which enables the company’s Subscribers to consume high-quality HD content in the most convenient manner – with the help of a TV set or in the internet from any video-supporting mobile device.
31 July 2012

Yandex Announces Second Quarter 2012 Financial Results.

MOSCOW AND THE HAGUE, July 31, 2012, Yandex (NASDAQ: YNDX), the leading internet company in Russia operating the country’s most popular search engine and most visited website, today announced its unaudited financial results for the quarter ended June 30, 2012.