Baring Vostok has announced that it is selling its stake in 2GIS to Sberbank. The deal is expected to be closed in the third quarter of 2020. 2GIS is a leading Russian company in the development of digital maps and city guides. Its services are used by about 50 million people (MAU) in Russia, the CIS and internationally.
Baring Vostok first invested in 2GIS capital in 2015. Since then, the company has strengthened its digital market leadership and has gained the recognition of millions of users thanks to its convenient and high-quality service. We are pleased to have been part of the 2GIS success story and are confident that the synergetic effect of cooperation with Sberbank will enable 2GIS to embark on a new stage of development.
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