Projects
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.
- Location:
- Moscow, Russia
- Year of initial investments:
- 2015
- Shareholding:
- Minority stake
Profi.ru 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 Profi.ru brand, offering services to internet and mobile users in all major cities in Russia, Ukraine and Kazakhstan.
Other projects
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Revo Technologies
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ER-Telecom
Leading regional telecommunications operator providing consumer broadband and cable TV services -
Center of Financial Technologies
Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS -
Проект завершенCTC Media
One of Russia’s largest television stations. Fully exited in 2008 -
Enforta
Leader in the Russian market of wireless broadband Internet access -
AVITO.RU
Online classifieds service -
Проект завершенYANDEX
Russia’s largest Internet company and leading search engine. Fully exited in 2016. -
Kolesa/Krisha
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Проект завершенGolden Telecom
Leading digital telephone communication operator and Internet access provider in Russia and Ukraine (now a part of Vimpelcom). Fully exited in 2007 -
1C
Leader in accounting software solutions