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.
YANDEX

YANDEX

Leading internet company in Russia. Fully exited in 2016
Location:
Moscow, Russia
Year of initial investments:
2000
Shareholding:
Large minority stake
Exit:
IPO at NASDAQ in 2011. Fully exited in 2016.

Yandex (YANDEX.ru) – an Internet search engine primarily for Russian and Russian-language users – was launched in September 1997. In 2000, after researching the Russian Internet market thoroughly, Baring Vostok Private Equity Fund invested in the company.

Today, Yandex is the leading internet company in Russia, operating the country’s most popular search engine and most visited web site. The company also operates in Kazakhstan, Belarus and Turkey. Yandex is in the world’s top five search engines by number of searches.

Other projects

News

10 January 2022

Baring Vostok invests in EdTech startup Kodland.

Kodland, an online school of programming for children, attracted $9 million in investment from Redseed Ventures, Baring Vostok, Kismet, Flyer One Venture, and I2BF Global Ventures partner Alexander Nevinsky