Baring Vostok Capital Partners

ivi.ru Media Ltd. operates an online video and cinema platform in Russia, providing a wide range of content that includes movies, television series, shows, cartoons, and music videos. Founded in 2007 and based in Moscow, the platform offers a video-on-demand service that enhances the traditional television experience by allowing users to access content through a secure, scalable, and portable online player. ivi creates opportunities for both independent content producers and mainstream broadcasters by enabling live streaming channels and expanding audience reach. The company focuses on delivering licensed professional content, allowing users to enjoy premium video offerings at no cost.

Skyeng is an online English language school founded in 2012 and based in Cheboksary, Russia. The company specializes in providing virtual classrooms that facilitate language learning through interactive courses. Skyeng aims to make the learning experience convenient and engaging, allowing students to set specific life goals and achieve them through tailored education. The school emphasizes the importance of a collaborative team environment, where each member contributes to the development and enhancement of its educational offerings, ultimately striving to create a brighter and more effective learning experience for its students.

Synergetic is a manufacturer based in Nizhny Novgorod, Russia, specializing in ecological household chemicals and cosmetics. The company offers a diverse range of products, including detergents for various applications such as toothpaste, dishwashing, laundry, and surface cleaning. Additionally, Synergetic produces items for air conditioning, plumbing, and stain removal, as well as liquid soaps and other cleaning solutions. The focus on ecological products reflects a commitment to sustainability and environmental responsibility in its offerings.

Ozon Holdings, established in 1998, is a leading Russian e-commerce platform offering a vast array of products across over 20 categories, including electronics, fashion, home goods, and groceries. With a customer base of over 31 million and a seller network of more than 150,000, Ozon serves approximately 50% of the Russian population through its extensive delivery network. The company's ecosystem extends beyond e-commerce, encompassing fintech services, express delivery, and online travel booking. Ozon's cutting-edge technology is developed in-house by a team of nearly 4,000 IT specialists, and the company employs approximately 35,000 people across Russia. In 2020, Ozon raised $1.27 billion in its IPO on the NASDAQ, making it one of the most valuable Russian internet companies.

CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

Ozon Holdings, established in 1998, is a leading Russian e-commerce platform offering a vast array of products across over 20 categories, including electronics, fashion, home goods, and groceries. With a customer base of over 31 million and a seller network of more than 150,000, Ozon serves approximately 50% of the Russian population through its extensive delivery network. The company's ecosystem extends beyond e-commerce, encompassing fintech services, express delivery, and online travel booking. Ozon's cutting-edge technology is developed in-house by a team of nearly 4,000 IT specialists, and the company employs approximately 35,000 people across Russia. In 2020, Ozon raised $1.27 billion in its IPO on the NASDAQ, making it one of the most valuable Russian internet companies.

Tealsy is a Moscow-based startup that has developed an online platform for the buying and selling of grocery products. This marketplace connects e-shoppers, retail networks, and suppliers, allowing them to engage in trade efficiently. The platform enables buyers to compare prices from various sellers, assess product quality, and check product availability while placing orders. By streamlining the trading process, Tealsy aims to optimize costs for retail participants in the grocery sector.

ivi.ru Media Ltd. operates an online video and cinema platform in Russia, providing a wide range of content that includes movies, television series, shows, cartoons, and music videos. Founded in 2007 and based in Moscow, the platform offers a video-on-demand service that enhances the traditional television experience by allowing users to access content through a secure, scalable, and portable online player. ivi creates opportunities for both independent content producers and mainstream broadcasters by enabling live streaming channels and expanding audience reach. The company focuses on delivering licensed professional content, allowing users to enjoy premium video offerings at no cost.

Ozon Holdings, established in 1998, is a leading Russian e-commerce platform offering a vast array of products across over 20 categories, including electronics, fashion, home goods, and groceries. With a customer base of over 31 million and a seller network of more than 150,000, Ozon serves approximately 50% of the Russian population through its extensive delivery network. The company's ecosystem extends beyond e-commerce, encompassing fintech services, express delivery, and online travel booking. Ozon's cutting-edge technology is developed in-house by a team of nearly 4,000 IT specialists, and the company employs approximately 35,000 people across Russia. In 2020, Ozon raised $1.27 billion in its IPO on the NASDAQ, making it one of the most valuable Russian internet companies.

DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

Gett, Inc. is a technology platform specializing in on-demand corporate ground transportation management. Founded in 2010 and headquartered in London, the company offers a cloud-based software solution that connects businesses with a wide range of transportation providers, including corporate fleets, ride-hailing services, taxis, and limousines. This integrated platform streamlines the management of transportation expenses, enhancing the overall employee experience from booking to invoicing and analytics. Gett operates in multiple countries, including the United Kingdom, the United States, and Russia, and has established partnerships, notably with The Volkswagen Group. With a workforce of over 800 employees, Gett aims to set a new standard in corporate ground transportation, much like the impact of leading communication platforms in their respective fields.

Ozon Holdings, established in 1998, is a leading Russian e-commerce platform offering a vast array of products across over 20 categories, including electronics, fashion, home goods, and groceries. With a customer base of over 31 million and a seller network of more than 150,000, Ozon serves approximately 50% of the Russian population through its extensive delivery network. The company's ecosystem extends beyond e-commerce, encompassing fintech services, express delivery, and online travel booking. Ozon's cutting-edge technology is developed in-house by a team of nearly 4,000 IT specialists, and the company employs approximately 35,000 people across Russia. In 2020, Ozon raised $1.27 billion in its IPO on the NASDAQ, making it one of the most valuable Russian internet companies.

Skyeng is an online English language school founded in 2012 and based in Cheboksary, Russia. The company specializes in providing virtual classrooms that facilitate language learning through interactive courses. Skyeng aims to make the learning experience convenient and engaging, allowing students to set specific life goals and achieve them through tailored education. The school emphasizes the importance of a collaborative team environment, where each member contributes to the development and enhancement of its educational offerings, ultimately striving to create a brighter and more effective learning experience for its students.

DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

Sorsdata OOO is a Moscow-based company that specializes in consumer marketing and analytics. The firm utilizes proprietary data and advanced analytics to assist Russian merchants in enhancing customer communication, fostering loyalty, and improving overall store performance. By leveraging its unique insights, Sorsdata aims to optimize the retail experience for both businesses and consumers.

BlaBlaCar is a leading long-distance carpooling community that connects drivers with empty seats to passengers seeking affordable travel options. The platform facilitates shared rides, allowing members to reduce transportation costs and minimize their environmental impact. Users can create detailed profiles and specify their preferred level of conversation during the journey, which fosters a secure and trust-based community. Operating in 22 countries, including various regions in Europe, Russia, Turkey, Mexico, Brazil, and India, BlaBlaCar offers a user-friendly website and mobile applications that streamline the connection between drivers and passengers. Headquartered in Paris, the company has established a global network that emphasizes community trust and shared travel experiences.

DOC+ is a healthcare technology company based in Moscow, Russia, founded in 2015. It operates a digital platform that connects patients with doctors, providing a range of medical services designed to make healthcare more accessible and affordable. Initially launched as a doctor house-call service, DOC+ has evolved into the first mobile clinic in the Russian market, offering on-demand consultations via chat, audio, or video calls. The platform allows users to order in-home visits, access electronic health records, receive prescriptions, and obtain various diagnostic services. Additionally, DOC+ offers a subscription model that provides personalized healthcare services, ensuring patients have access to verified medical partners and privileged care. The company aims to transform healthcare delivery in Russia by leveraging telemedicine, advanced diagnostic technologies, and personalized healthcare solutions.

Profi.ru is an online marketplace founded in 2005 and based in Moscow, Russia, that connects users with freelancers and professionals across various categories, including tutors, doctors, beauty specialists, artists, musicians, handymen, personal trainers, and driving instructors. The platform facilitates the search for specialized services by providing an integrated feedback mechanism, allowing clients to evaluate and select professionals based on their needs. This service aims to streamline the process of finding qualified individuals, thereby saving clients time and effort in addressing their specific requirements.

2GIS is an international technology company that develops services for a comfortable life in the city. 2GIS’s mission is to help people to live in the city. One of the ten most expensive companies of the Russian Internet according to Forbes (2018). The main product of the company is the city information service 2GIS that brings together map, navigator and business directory and has over 42 million monthly active users. The service covers more than 350 cities in 9 countries. 2GIS is available for free on 2gis.com and in the mobile applications for iOS, Android.

CarPrice is an online platform based in Russia that specializes in the auction of second-hand cars. It offers sellers instant online valuations and connects them with a network of over 4,000 dealers who participate in competitive bidding. The auction process typically lasts around 30 minutes, allowing dealers to determine the best price for vehicles. CarPrice has rapidly established itself as a leading player in the Russian used car market, ranking among the top three sellers within its first year of operation. The company operates from more than 20 locations, including major cities like Moscow and St. Petersburg. Despite a challenging economic environment that saw a significant decline in new car sales, CarPrice has continued to grow, aiming to increase its monthly auction volume from 4,000 to 10,000. The platform's services not only streamline the selling process but also help buyers access fair market prices for used vehicles.

Profi.ru is an online marketplace founded in 2005 and based in Moscow, Russia, that connects users with freelancers and professionals across various categories, including tutors, doctors, beauty specialists, artists, musicians, handymen, personal trainers, and driving instructors. The platform facilitates the search for specialized services by providing an integrated feedback mechanism, allowing clients to evaluate and select professionals based on their needs. This service aims to streamline the process of finding qualified individuals, thereby saving clients time and effort in addressing their specific requirements.

Gett, Inc. is a technology platform specializing in on-demand corporate ground transportation management. Founded in 2010 and headquartered in London, the company offers a cloud-based software solution that connects businesses with a wide range of transportation providers, including corporate fleets, ride-hailing services, taxis, and limousines. This integrated platform streamlines the management of transportation expenses, enhancing the overall employee experience from booking to invoicing and analytics. Gett operates in multiple countries, including the United Kingdom, the United States, and Russia, and has established partnerships, notably with The Volkswagen Group. With a workforce of over 800 employees, Gett aims to set a new standard in corporate ground transportation, much like the impact of leading communication platforms in their respective fields.

Mamsy is an online shopping portal based in Moscow, Russia, specializing in products for moms, kids, and babies. Founded in 2011, the company features a wide array of offerings, including clothing for newborns, boys, girls, and adults, as well as maternity wear. In addition to apparel, Mamsy provides household items, shoes, accessories, games, toys, and care products. The platform is known for its competitive pricing, often featuring discounts of up to 70%, making quality children's goods more accessible to customers throughout Russia. Mamsy aims to enhance the competitiveness of the Russian market for children's products by providing a convenient and comprehensive online shopping experience.

Kolesa is an online platform based in Kazakhstan that specializes in automotive and real estate classifieds. The company provides comprehensive online advertising services specifically for the automotive sector, operating both a printed and digital advertising newspaper that highlights significant automotive events locally and internationally. Kolesa functions as a trading platform and an electronic guide for motorists, offering clients a full range of advertising services to facilitate their needs in the automotive market.

ivi.ru Media Ltd. operates an online video and cinema platform in Russia, providing a wide range of content that includes movies, television series, shows, cartoons, and music videos. Founded in 2007 and based in Moscow, the platform offers a video-on-demand service that enhances the traditional television experience by allowing users to access content through a secure, scalable, and portable online player. ivi creates opportunities for both independent content producers and mainstream broadcasters by enabling live streaming channels and expanding audience reach. The company focuses on delivering licensed professional content, allowing users to enjoy premium video offerings at no cost.

Tinkoff Bank is an innovative online financial ecosystem that provides a comprehensive range of financial services tailored for individuals and businesses. Central to its offerings is lifestyle banking, which allows customers to manage personal spending, invest savings, earn loyalty bonuses, and access various services such as travel bookings and restaurant reservations, all through its user-friendly mobile applications and website. Operating without physical branches, Tinkoff utilizes a network of smart couriers for product delivery across Russia and offers customer support through online channels and call centers, enhancing accessibility and convenience. The bank employs advanced technologies, including artificial intelligence and machine learning, to optimize customer interactions, with AI handling a significant portion of inquiries efficiently. Most of Tinkoff's products and IT systems are developed in-house, supported by a predominantly IT-focused workforce. Recognized for its excellence in digital banking, Tinkoff has garnered multiple awards for its innovative services and was acknowledged as one of Russia's top employers.

Avito, established in 2007 by Jonas Nordlander and Filip Engelbert, is Russia's leading online classifieds platform. It facilitates the buying and selling of a wide array of items, including used cars, clothing, real estate, and collectibles, as well as services and event tickets. The platform connects buyers and sellers, enabling transactions without charging fees for ad placement, and caters primarily to small and medium-sized businesses.

Novomet is a manufacturer specializing in artificial lift equipment and electrical submersible pumps for the oilfield services and energy industries. The company focuses on producing high-capacity oil production equipment designed to operate in challenging conditions, utilizing advanced nanostructured protective coatings made from materials like tungsten carbide, titanium oxide, aluminum oxide, chrome, and molybdenum. Novomet's submersible pumps are recognized for their reliability and energy efficiency, particularly in difficult oil production environments. The company holds a 25% market share in Russia and a 3% share internationally for submersible extractive equipment. In addition to manufacturing, Novomet is developing a global service network to provide comprehensive maintenance and support for electric centrifugal pumps, including assistance with reservoir pressure maintenance and water injection systems, thus addressing the challenges of decreasing oil recovery factors.

Founded in 1991 1C Company specializes in distribution, publishing, and development of mass-market software for the automation of various business processes. 1C has become the leading publisher and distributor of computer games in Eastern and Central Europe. At present more than 10 000 dealers from 600 cities of 25 countries cooperate with 1C. About 7500 teams constitute the 1C:Franchising partner network, which is the main channel of value-adding for 1C products. Service-partners provide regular information and tech support for 1C software customers. The network of authorized training centers is also operating. There are 280 1C:Multimedia software retail shops of the franchising chain, specialized in sales of home products. 1C is the official distributor of such world-famous vendors as Microsoft, Novell, Borland, Symantec, ABBYY, Kaspersky Lab, ProMT, Eset Software and over 100 other software vendors. 1C offers more than 10 000 titles of software for office and home use.

ER-Telecom Holding is a telecommunications company based in Moscow, Russia, offering a comprehensive range of services to both individuals and businesses. The company specializes in triple-play services, which include broadband Internet access, cable and HD television, and landline communication. For individual customers, ER-Telecom provides home Internet, cable television, and home phone services. Business clients benefit from high-speed Internet access, video surveillance, video conferencing, technological data transfer, and fixed-line telephony, among other tailored solutions. Through its diverse offerings, ER-Telecom aims to meet the communication needs of its diverse customer base across the region.

Yandex is a Russian internet and technology company, operating the largest search engine in Russia and the most visited website in the country. It develops and provides a range of internet-based services and products, including transportation services, navigation products, and mobile applications, all powered by machine learning. Yandex's services span search and portal, e-commerce, mobility, delivery, entertainment, classifieds, and media, generating revenue primarily from its search and portal segment in Russia, Belarus, and Kazakhstan.

Enforta Limited is a telecommunications company based in Moscow, Russia, specializing in B2B fixed wireless Internet access solutions. Founded in 2003, Enforta provides a range of services that include high-speed Internet access, corporate networking for data communication and telephony, as well as virtual private networks to connect various business locations securely. The company also offers solutions for integrating office communication systems without the need for physical equipment, enabling remote video surveillance, and providing Internet monitoring tools for businesses. With a client base exceeding 7,000 across 18 cities in Russia, Enforta utilizes various technologies, including WiMAX, to deliver comprehensive service packages that encompass both voice and data services. The company's focus is on enhancing communication capabilities for enterprises by offering tailored telecom and IT solutions.

Ozon Holdings, established in 1998, is a leading Russian e-commerce platform offering a vast array of products across over 20 categories, including electronics, fashion, home goods, and groceries. With a customer base of over 31 million and a seller network of more than 150,000, Ozon serves approximately 50% of the Russian population through its extensive delivery network. The company's ecosystem extends beyond e-commerce, encompassing fintech services, express delivery, and online travel booking. Ozon's cutting-edge technology is developed in-house by a team of nearly 4,000 IT specialists, and the company employs approximately 35,000 people across Russia. In 2020, Ozon raised $1.27 billion in its IPO on the NASDAQ, making it one of the most valuable Russian internet companies.

Enforta Limited is a telecommunications company based in Moscow, Russia, specializing in B2B fixed wireless Internet access solutions. Founded in 2003, Enforta provides a range of services that include high-speed Internet access, corporate networking for data communication and telephony, as well as virtual private networks to connect various business locations securely. The company also offers solutions for integrating office communication systems without the need for physical equipment, enabling remote video surveillance, and providing Internet monitoring tools for businesses. With a client base exceeding 7,000 across 18 cities in Russia, Enforta utilizes various technologies, including WiMAX, to deliver comprehensive service packages that encompass both voice and data services. The company's focus is on enhancing communication capabilities for enterprises by offering tailored telecom and IT solutions.

InfiNet Wireless Limited specializes in providing fixed, nomadic, mobile, and public safety wireless connectivity solutions through advanced broadband wireless access and WiMAX technologies. Established in 2003 and headquartered in Moscow, the company offers a diverse range of products, including point-to-point and point-to-multipoint solutions, as well as MESH topology systems with integrated Wi-Fi capabilities. Its equipment supports various applications such as video surveillance, municipal services, and mobile public safety communications. InfiNet Wireless serves a global clientele across multiple sectors, including oil, gas, education, and healthcare, operating in countries such as the United States, Mexico, South Africa, and the United Kingdom. The company has established itself as one of the largest privately owned developers and manufacturers of Broadband Wireless Access systems, maintaining a focus on innovation and customer satisfaction through continuous feedback and product development.

Gallery Media Group is a leading provider of outdoor advertising services based in Moscow, Russia. The company operates over 50,000 advertising surfaces across 90 cities, specializing in the creation, installation, and maintenance of various advertising structures. Its offerings include billboards, outdoor furniture, large-format displays, custom media, and street signs, all tailored to suit the unique architectural and landscape characteristics of each location. Gallery Media Group focuses on delivering effective outdoor advertising solutions, enhancing visibility and engagement for its clients in urban environments.

CTC Media, Inc., established in 1989, is a prominent independent broadcasting company based in Moscow, Russia. It operates four leading television channels in Russia—CTC, Domashny, Che, and CTC Love—as well as Channel 31 in Kazakhstan. The company's channels reach over 150 million viewers across Russia, Kazakhstan, and other countries through international broadcasts. CTC Media also owns digital entertainment media assets such as videomore.ru and ctc.ru, and operates an in-house advertising sales agency. Additionally, it has TV content production facilities via its subsidiary Story First Production.

Yandex is a Russian internet and technology company, operating the largest search engine in Russia and the most visited website in the country. It develops and provides a range of internet-based services and products, including transportation services, navigation products, and mobile applications, all powered by machine learning. Yandex's services span search and portal, e-commerce, mobility, delivery, entertainment, classifieds, and media, generating revenue primarily from its search and portal segment in Russia, Belarus, and Kazakhstan.

Ozon Holdings, established in 1998, is a leading Russian e-commerce platform offering a vast array of products across over 20 categories, including electronics, fashion, home goods, and groceries. With a customer base of over 31 million and a seller network of more than 150,000, Ozon serves approximately 50% of the Russian population through its extensive delivery network. The company's ecosystem extends beyond e-commerce, encompassing fintech services, express delivery, and online travel booking. Ozon's cutting-edge technology is developed in-house by a team of nearly 4,000 IT specialists, and the company employs approximately 35,000 people across Russia. In 2020, Ozon raised $1.27 billion in its IPO on the NASDAQ, making it one of the most valuable Russian internet companies.

VEON Ltd. is a global telecommunications company headquartered in Amsterdam, Netherlands, that provides mobile and fixed-line services across various countries, including Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. The company offers a wide range of voice and data telecommunication services, including mobile internet, multimedia messaging, national and international roaming, and various value-added services. It operates under well-known brands such as Beeline, Kyivstar, Jazz, Djezzy, and banglalink, serving approximately 212 million customers. VEON focuses on leveraging technology to deliver connectivity and digital services, thereby empowering individuals and fostering economic growth in the regions it serves. The company was founded in 1992 and underwent a rebranding from VimpelCom Ltd. to VEON Ltd. in 2017.