Search Results for: "vostok new ventures"

Naspers sells Russian classifieds giant Avito to Russian investor

October 31, 2022

Naspers affiliate Prosus has sold Avito, the Russian classifieds giant, for 151 billion rubles ($2.46 billion at the current exchange), to Kismet Capital Group. The transaction, which was announced in mid-October, was closed earlier this week, reported news agencies. A consortium of banks, headed by Russian Agricultural Bank, organized financing for the transaction, Kismet said.  Avito was valued at $3.85 …

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VK Company and Vladimir Potanin eye Avito as Naspers seeks to sell Russian digital assets

June 17, 2022

VK Company, a Kremlin-controlled Russian Internet giant, is seeking to acquire the leading local classifieds platform Avito, which is owned by Naspers affiliate Prosus.  Prosus could also sell its 25.7% stake in VK Company, reported the Russian media  citing Bloomberg. Russian oligarch Vladimir Potanin is also regarded as a potential acquirer of Avito, according to the …

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BestDoctor.ru attracts $26 million from major Russian, Austrian and Swedish investors

June 17, 2021

In late May Russian insuretech leader BestDoctor closed a $26 million round with an impressive investor consortium. The money was brought in by Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin; UNIQA Ventures, which is affiliated to a major Austrian insurance group owned by Raiffeisenbank; and VNV Global, a major …

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Russia-based global delivery service Dostavista attracts funding from sovereign wealth funds

June 5, 2021

Russia’s sovereign wealth fund RDIF announces an investment in Dostavista, an international crowdsourced delivery service with Russian roots. Neither the amount nor the process identity of the co-investors (“leading sovereign wealth funds from the Middle-East”) have been disclosed, but the company told East-West Digital News that “more details”about the deal will be unveiled in a few …

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BlaBlaCar completes acquisition of bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, is expanding to a new market segment with the acquisition of international bus ticketing platform Busfor. The deal, announced in September, has just been completed after obtaining the required antitrust permits in Ukraine, reports Kyiv Post. The terms of the agreement have not been disclosed, but it might …

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French carpooling giant BlaBlaCar to acquire bus ticketing platform Busfor

November 12, 2020

BlaBlaCar, the carpooling giant born in France, aims to expand on a new market segment with the acquisition of international bus ticketing platform Busfor. The news was reported today by business daily Kommersant, which cites exchanges with BlaBlaCar’s CEO Nicolas Bruisson and Busfor co-founder Ilya Yekushevsky. The deal, which is still subject to regulatory approval, …

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Russia’s Dostavista raises $15 million to conquer the “limitless” global crowdsourced delivery market

August 22, 2019

Earlier this month Dostavista, an international crowdsourced delivery service with Russian roots, announced the completion of a $15 million Series B funding round. The deal was led by Vostok New Ventures, a Swedish investment firm which is actively involved in the Russian VC market, with participation from existing investors Flashpoint and AddVenture.  Founded in 2012, Dostavista already raised …

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Tiny, but growing: Russian VC market exceeded $1.2 billion in 2018

July 30, 2019

DSight, a database of deals dedicated to the Russian venture market, has just released the English version of its latest yearly report. This research includes contributions from EY, investor association NAIMA, CrunchBase and East-West Digital News. The market grew significantly last year, reaching $714.4 million, up 51.6% from 2017. If including Sberbank’s $500 million investment in …

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Swedish investor VNV injected $8.5 million in Busfor in 2018

February 15, 2019

In December last year Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4.5 million in online bus ticketing platform Busfor, in addition to the $4 million it had injected in the company in mid-2018. The latest transaction was revealed yestersday by business daily Kommersant, based on VNV’s latest financial report and …

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Naspers takes full control of Avito, Russia’s leading classifieds site

February 15, 2019

Naspers’s classifieds business, OLX Group, announced Friday that it took full control of Avito.ru, Russia’s number one classifieds site, boosting its stake from 70.4% to 99.6%. Among the minority shareholders exiting the company is Swedish investment  firm Vostok New Ventures (VNV, previously known as Vostok Nafta Investment),  which will get gross proceeds of $540 million from …

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Swedish investor VNV invests $4 million in Busfor

February 15, 2019

Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4 million in the Eastern European online bus ticketing platform Busfor. The transaction, which has been disclosed in the firm’s most recent financial report, took place at the end of the second quarter of this year. Busfor — previously known as Gillbus — aims …

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House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok

August 20, 2018

The Russian house-call doctor service DOC+ has secured $9 million in a round led by Swedish fund Vostok New Ventures VNV), with participation from existing shareholders Yandex and Baring Vostok Capital Partners. The deal, which took place in the second quarter of this year, according to the VNV’s latest financial report, was reported in details yesterday by …

House-call doctor service DOC+ secures $9 million from Vostok New Ventures, Yandex and Baring Vostok Read More

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