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.
Moscow, Russia
Year of initial investments:
Minority stake holds a number of leading Russian online marketplaces for freelancers and small businesses in healthcare, beauty, sports, driving and tutoring, which are now consolidated at the brand, offering services to internet and mobile users in all major cities in Russia, Ukraine and Kazakhstan.

Other projects