Baring Vostok Capital Partners announced last week that it has put together a new $1.5 billion private equity fund – Baring Vostok Private Equity Fund V, or BVPEF V – which now stands as the largest in Russia’s private equity business. The new fund is generally expected to follow in the strategic footsteps of its …
Yesterday, just days after witnessing the financing rounds of online shoe retailer Lamoda.ru and travel site Onetwotrip.com, the Russian Internet scene saw another giant funding operation with Ivi.ru, a major video streaming service. Ivi.ru raised no less than $40 million from private equity firm Baring Vostok Capital Partners, a shareholder of Yandex and Ozon.ru, along with existing investors …
Online video service Ivi.ru secures $40 million from leading Russian and Western investors Read More
Startup Genome recently published research on the most active start-up ecosystems around the world. It listed Moscow as #10. It’s great to see Russia’s largest city rocket into this spot, given that in 2001 less than $100 million/year was invested in Russian seed and early stage tech vs. billions of dollars of private equity money …
Avito.ru, Russia’s leading classifieds site by brand awareness and number of users, announced today that it has received $75 million in new funding from Baring Vostok Private Equity Fund IV and Accel Partners as well as from existing investors Kinnevik and Northzone. The valuation has not been disclosed, but Avito’s press service told East-West Digital …
Avito.ru secures $75 million from Accel Partners and Baring Vostok Read More
2011 was a rather disappointing year for M&A both globally and in Russia. Compared to the 6% decline in the value of global M&A deals, Russia’s M&A market experienced an even stronger reduction in value, by almost 28%. This is a sign of its continuing higher volatility, but also the result of fewer mega deals …
Report: M&A in the Russian communications and media sector in 2011 and early 2012 Read More
The Ozon group yesterday announced revenue growth of 84% for last year in dollar value, reaching $302.5 million and outperforming the Russian online retail market’s estimated 25% rise to some $10 billion. Particularly notable was the 3.5-fold growth of Ozon Travel, the branch specializing in air and train tickets and hotel bookings. Established in 2009, …
1C, the Russian enterprise software giant, has acquired a 51% stake in Megaplan, a publisher of cloud-based business service solutions, the Russian news agency RIA Novosti reported yesterday. The amount of the deal was not disclosed. The Russian management company IQ One, an early investor in Megaplan, has kept a blocking minority share in the …
Leading Russian business software publisher 1C acquires cloud solution developer Megaplan Read More
Baring Vostok, a leading private equity fund operating in Russia and the CIS, has acquired a 9% stake in 1C, a top Russian publisher of enterprise software and distributor for major international software vendors.
Ozon.ru, one of the most established Russian e-commerce sites, has just closed a $100 million round of financing led by Ru-Net, a major Russian fund, with the participation of Index Ventures, Alpha Associates and Japanese e-retailer Rakuten. Ozon’s main shareholder to date, Baring Vostok Capital, has retained its stake in what essentially appears to be a …
Ozon.ru secures record Russian e-commerce investment Read More
Had not Sergey Brin emigrated with his family to the United States at the age of 6, his destiny might have perhaps resembled those of Arkady Volozh and Ilya Segalovich, the Russian mathematicians who founded Yandex. Until the collapse of the Soviet Union in the early 1990s, Volozh and Segalovich were rather typical representatives of …
From startup to IPO: How Yandex became Russia’s search giant Read More
1990 Two information search systems — the International Classifier of Inventions and the Goods and Services Classifier — were developed in DOS by Arcadia, the company founded by Arkady Volozh and Arkady Borkovsky. These systems provided the foundation for Yandex’s technology.
OZON.ru is often called the “Russian Amazon.” Is that a good analogy? Yes, we have a very similar business model. Like Amazon, we started out selling a large selection of books, then step-by-step branched out into other products. We now have 1.5 million unique products in 12 categories. We are the leader of e-commerce in …
