Baring Vostok exits 2GIS stake.
Baring Vostok has announced that it is selling its stake in 2GIS to Sberbank.
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
-
InfiNet Wireless
Russian developer and producer of broadband wireless access systems for IT infrastructure development -
Проект завершенYANDEX
Russia’s largest Internet company and leading search engine. Fully exited in 2016. -
AVITO.RU
Online classifieds service -
Sorsdata
-
Skyeng
Online education platform, which specializes in English teaching -
Проект завершенElectro-Com
First operator in the Russian market of telecommunication services providing consumers with access to Internet, telephone and digital television through electric networks. Fully exited in 2012 -
Проект завершенGlobal Telesystems
Telecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999 -
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 -
IVI.RU
Online video service -
Enforta
Leader in the Russian market of wireless broadband Internet access