About us

Vostok New Ventures Ltd (Vostok New Ventures) is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation, with a focus on companies with network effects. The Swedish Depository Receipts of Vostok New Ventures (SDB) are listed on the NASDAQ Stockholm Exchange, Mid Cap segment, with the ticker VNV SDB.

Vostok New Ventures was founded in 2007 in connection with the restructuring of “Old Vostok Nafta”. Even though Vostok New Ventures was formed as recently as 2007, we have a history dating back to 1996 when Adolf H. Lundin founded “Old Vostok Nafta” with the business idea of implementing portfolio investments and direct investments in the former Soviet Union. The investments were initially conducted in the oil, gas and mining industries, but is today focused on Internet and consumer focused sectors in Russia and other markets.

The sector mandate is broad and the proposition is to create shareholder value by investing in assets that are associated with risks which Vostok New Ventures is well-equipped to manage. Such typical risks include corporate governance risks, liquidity risks and operational risks. During the past years, Vostok New Ventures has gained experience and built an extensive network in order to handle the risks associated with investments in emerging markets.

4Q15 webcast, 16.00 CET, February 10, 2016

Webcast: Vostok New Ventures Capital Markets Event, November 10, 2015

Press Releases

Investments

Vostok New Ventures invests in unlisted companies that benfits from network effects and have considerable potential for value appreciation. Vostok New Ventures finds and identifies new investment opportunities through expertise, experience and a widespread network built up during the company's long history. The sector mandate is broad and the proposition is to create shareholder value by investing in assets that are associated with risks which Vostok New Ventures is well-equipped to manage. Such typical risks include corporate governance risks, liquidity risks and operational risks. Vostok New Ventures is an active owner and usually seeks investments where Vostok New Ventures can become a significant minority shareholder and actively manage the investment through board representation. Vostok New Ventures can, if the risk/reward is attactive enough, deviate from its ideal ownership percentage and board representation.

Avito

Avito is the largest and fastest growing online classified platform in Russia, and the number of unique monthly visitors continued to grow at a satisfying pace during 2015. The company has obtained a leading position in terms of visitors and number of ads, distancing itself from its competitors. Once a firm market-leading position is achieved, Avito’s business model has great potential in terms of profitability judging by the experience of peers in other countries. Avito is already the leading brand …
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Gett

Gett is a simple and instant way to order taxis with one click of a button from a smartphone.
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BlaBlaCar

BlaBlaCar connects people looking to travel long distances with drivers already going the same way, so both can save money by sharing the cost of their journey. This model has made BlaBlaCar a leader of the global sharing economy with over 20 million members in 19 countries, and is helping to make road travel more efficient and affordable. BlaBlaCar was founded in 2006 by Frédéric Mazzella, CEO, Francis Nappez, CTO, and Nicolas Brusson, COO and has now raised more than …
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Propertyfinder

Propertyfinder was founded 10 years ago by Michael Lahyani and operates real estate classifieds platforms in 7 countries across the MENA region (Middle East/ North Africa). Propertyfinder is headquartered in Dubai, employs more than 150 people and is profitable in its core markets as well as on a group level. Propertyfinder has strong technical platform and has during the last 12 months launched several new features. Propertyfinder launched a new version of their CRM tool for clients, implemented call tracking …
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Wallapop

Wallapop is an online marketplace that enables users to buy and sell goods in categories such as fashion, decoration, motorcycles, electronics, and more. The platform was founded by Agustin Gomez, Gerard Olivé and Miguel Vicente in January 2013. Wallapop has over a short space of time taken great strides in terms of market share in online classifieds in Spain and are also making good inroads to France. Wallapop is also active in the UK and has recently launched in the …
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Yell Ru

Yell.ru is an online local search utility with user reviews about local companies and services in Russia. Reviews help consumers make better informed decisions when purchasing services or goods. Yell.ru expects that more than a third of all online Russians will use the service during 2014 to look for restaurants, doctors, shopping opportunities and more. Yell has several listed comparable peers in other markets which focus on local search and reviews, most notably Yelp.com in the US. Yell.ru has …
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OneTwoTrip

OneTwoTrip is serving the underpenetrated USD 63 bln Russian travel market characterized by lack of focused local/foreign competition, and with inherent scalability via fully virtual inventory. It is the number 1 player in a leading e-commerce segment with the best overall product proposition, nimble and bottom-line focused executive team and rapidly growing mobile channel.. Opportunity to participate in the ongoing growth in online penetration of travel products, coupled with diversification of revenue streams, including major upside opportunities in (1) hotel …
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Merro

Merro is an investment holding company that focuses on online marketplace businesses with network effects in developing markets. Merro was founded in 2014 by Henrik Persson, Michael Lahyani and Pierre Siri having each a third of the company. Henrik Persson was formerly Head of Investments at Kinnevik and is our old trusted partner from many ventures, most notably Avito. Michael Lahyani is the founder and CEO of Propertyfinder, the largest real estate property portal in the MENA (Middle East/North Africa) …
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Naseeb Networks

Naseeb Networks operates leading employment marketplaces in Pakistan (ROZEE.PK) and Saudi Arabia (Mihnati.com) focused on facilitating the matching between jobseekers and employment opportunities. Its complete range of end-to-end employment solutions are used by over 10,000 companies and 5 million job seekers, processing over 1.5 million job applications every month. In 2013, Naseeb Networks completed its acquisition of Mihnati.com, Saudi Arabia’s largest indigenous recruiting solutions provider. After its initial market dominance in Pakistan, Naseeb Networks has grown Mihnati’s profitability and visits …
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IZH Holding (Zameen.com)

ZH Holding owns and operates Pakistan’s leading property portal Zameen.com and Bayut.com, one of the leading property portals in UAE. Zameen.com is focused on the professional seller segment of real estate (agencies and developers) where it sells different packages of listing features and advertising to the Sellers. Currently, over 90% of listings on Zameen.com are from professional sellers. Zameen.com offers different types of premium listings, highlighted listings, Email advertising to specific member segments and banners. Zameen.com also hosts property expos …
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Carable

Carable’s mission is to create the first global fully automated peer-to-peer marketplace for used cars. It is democratizing the transaction of a used car by removing the conflict between the buyer and the seller through an auction process to price it, a streamlined process of physical inspection through partnerships, and post auction aid including warranty and insurance. They are proving up the model in Sweden but the ambition is to go global. Website: www.garantibil.se   …
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Wuzzuf

Wuzzuf is one of the leading jobs verticals in Egypt. Its main competitor is Bayt, a regional jobs vertical centered around UAE. Wuzzuf focuses on white collar workers with English CVs. In terms of monthly jobs postings within this area it leads versus Bayt and is quickly catching up also in terms of traffic. It has as much as 27% of the market for new graduates looking for jobs in its focus area. Interestingly also it has a second brand, …
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Delivery Hero

Delivery Hero (DHH) is a worldwide network of online food ordering sites with over 200,000 restaurants connected to its service. The company operates in 24 countries across five continents, including Germany, Sweden, UK, Korea, China and India. Delivery Hero’s restaurant partners generate more than one billion USD in annual sales via online orders or mobile applications and deliver more than 10 million meals every month. Delivery Hero has more than 1,500 employees around the world with 440 staff working from …
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Kite Ventures

Kite Ventures is a global venture investment company specializing in marketplace and transactional network investments. The firm seeks to invest in companies in Europe and New York. Kite Ventures was founded in 2009 and has invested over USD 250 mln across 20 portfolio companies. Vostok New Ventures owns EUR 8 mln in senior secured debt of Kite Ventures. The debt carries 13% annual nominal interest and has a 2-year maturity.
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