Elbrus Capital

Rubbles is a leading Russian IT company specializing in developing solutions for optimizing key business processes of large businesses based on processing large data sets.

Aviasales is a prominent travel metasearch company based in Eastern Europe and Central Asia, specializing in the search and comparison of air tickets, hotel accommodations, and car rentals. Established in 2007, the company has become a significant player in the travel industry, capturing nearly 20% of the air ticket sales market in Russia, with a gross merchandise value exceeding $1.6 billion in 2021. Aviasales operates a user-friendly online portal that allows customers to easily browse and compare flight and hotel options from various online travel agencies. In addition to its consumer-focused services, the company offers B2B travel technology solutions, including Travelpayouts, a partnership platform, and Aviastats, which provides revenue optimization data for airlines. With around 500 employees, Aviasales has established its main offices in Thailand and Russia, continuing to enhance its offerings in the travel sector.

Banki.ru is a leading financial information portal in Russia, established in 2005, that offers a comprehensive database covering various banking services, including deposits, mortgages, credit cards, and various types of loans. The platform aggregates essential information, allowing users to access details from multiple banks without needing to visit various websites. It features a Public Rating system where users can submit reviews, fostering transparency and enabling banks to address customer complaints efficiently. With over one million unique visitors each month, Banki.ru serves as a crucial resource for consumers seeking financial services in Russia. The site also supports advertising from approximately 150 to 200 banks annually. In 2011, Banki.ru expanded its reach by acquiring the Ukrainian site Banki.ua, while its original founders maintain majority ownership despite a past investment from an investment fund. The company's financial operations are audited by Grant Thornton Russia.

YCLIENTS LLC is a company that offers cloud-based scheduling and business management software tailored for small local businesses. Founded in 2010 and based in Moscow, Russia, YCLIENTS provides online reservation services through both web platforms and mobile applications. The software enables business owners to access information about their operations anytime and from any location. Additionally, it automatically compiles a customer database, facilitating the future sending of marketing messages to clients. By streamlining scheduling and management tasks, YCLIENTS aims to enhance the efficiency of local service businesses.

Active Component is a prominent domestic manufacturer of active pharmaceutical ingredients in the Russian market, with over a decade of experience. The company focuses on the development and production of generic active pharmaceutical substances, utilizing advanced technologies and equipment. This enables local drug manufacturers to access a diverse range of pharmaceutical ingredients, reinforcing Active Component's reputation as a reliable partner in the health industry.

Chefmarket.ru is a leading meal kit delivery service in Russia, providing customers with everything needed to prepare delicious home-cooked meals. The service offers weekly deliveries of fresh ingredients along with easy-to-follow photo recipes, ensuring that customers can enjoy a variety of meals without the hassle of meal planning. Subscribers receive curated meal options, while non-subscribers can try the service with a trial delivery. Chefmarket.ru collaborates with prominent chefs and culinary magazines to enhance its offerings. The platform simplifies cooking at home, making it accessible and enjoyable for all.

Moscow Brewing Company is a beer and soft drinks manufacturer with annual sales of over 16 million hectolitres with leading market positions in Russia, and international beer and soft drinks markets. Product portfolio comprises several dozens of mainstream and craft beer brands, including Zhiguli and Khamovniki.

Cian, OOO operates an online real estate portal based in Moscow, Russia, providing a comprehensive platform for property listings. The portal enables users to search for rental and sale properties across Moscow and other regions in Russia, featuring thousands of current listings that are updated daily. Cian offers tools for users to filter searches according to their specific requirements and provides additional services such as property verification and business analytics. The platform aims to assist individuals in finding affordable housing solutions tailored to their needs.

HeadHunter is an online recruitment platform that connects job seekers with employers across Russia and several countries in the Commonwealth of Independent States, including Ukraine, Belarus, Kazakhstan, Azerbaijan, Lithuania, Latvia, and Estonia. Launched in 2000 and headquartered in Moscow, the platform offers a range of services to both employers and job seekers. Employers can access a CV database and post job openings for a fee, while job seekers can find suitable job opportunities through the platform's desktop and mobile applications. The company's focus is on facilitating the recruitment process, making it easier for companies to find qualified candidates and for individuals to secure employment.

Intercomp Global Services is a leading BPO provider in EMEA, and pioneer in the CEE and CIS regions. We offer extensive expertise and experience in accounting, HR administration and, in particular, payroll services. Clients from all industries have relied on Intercomp Global Services since 1994 for standardized multi-country payroll services. Delivering to over 500 clients (mostly Fortune 1000) varying from 1 to 14,000 employees across 25 countries and growing. We bring peace of mind, efficiency and cost savings to our clients with our centralized payroll model and platform.

B2B-Center operates a prominent e-procurement marketplace in Russia, facilitating both the sale and purchase of products and services. This platform enhances sales channels for suppliers while improving sourcing and procurement efficiency for buyers. The marketplace handles daily contract values ranging from USD $70 million to $300 million, with an average transaction size of approximately USD $200,000. B2B-Center accounts for over 80% of the e-trade activity in the Russian business sector, serving a diverse clientele of more than 343,000 companies from nearly 100 countries. By providing a streamlined environment for buyers to evaluate supplier offers, B2B-Center plays a crucial role in connecting businesses and fostering growth in the procurement landscape.

PickPoint, Ltd. is a Moscow-based company founded in 2010, specializing in pick-up and delivery services for online orders, primarily catering to the e-commerce sector. It operates the largest network of automated parcel lockers and pick-up points in Russia, with over 2,000 locations. The service utilizes automated terminals, known as postamates, installed conveniently near homes, workplaces, or educational institutions. Customers can retrieve their online orders at their convenience by entering a unique receipt code sent via mobile or email. PickPoint also facilitates payment options directly at the pick-up points, allowing for cash or card transactions. Customers can return items through any PickPoint location, regardless of the original delivery method. This innovative logistics service simplifies the last-mile delivery process and enhances the overall customer experience in the growing e-commerce landscape.

SPSR-EXPRESS offers a broad range of services in relation to express delivery of documents, mail and cargo all over Russia and abroad. Apart from the basic express delivery offer, SPSR is developing specialized individual solutions tailored to their customers’ business.

SPSR-EXPRESS offers a broad range of services in relation to express delivery of documents, mail and cargo all over Russia and abroad. Apart from the basic express delivery offer, SPSR is developing specialized individual solutions tailored to their customers’ business.

National Medical Network operates a collection of private clinics across five cities in Russia, currently managing 27 facilities. The company focuses on providing healthcare services through private diagnostic centers and is dedicated to enhancing operational efficiencies within local businesses. By employing a buy-and-build strategy, it integrates management expertise in finance, sales, marketing, information technology, and human resources. Additionally, National Medical Network is committed to offering modern medical and managerial technology services, particularly in industrial medicine, which includes medical examinations and health surveys for employees. This comprehensive approach enables employers to effectively address their workforce's health needs.

Blesk InCare is a prominent provider of textile rental services and contract laundry processing for linen used across various industries including hotels, restaurants, and hospitals. Based in Moscow, Russia, the company operates six industrial laundries in Russia and Ukraine. Additionally, Blesk InCare is the largest dust control mat service provider in Russia. Their offerings include industrial laundry, dry cleaning, and uniform rental services, ensuring clients receive high-quality textile solutions.

United Catering Group is a catering business operating across 90 locations in Russia. It specializes in providing catering services to a diverse range of clients, including over 200 major corporations. The company is committed to delivering quality dining experiences at business centers and industrial sites, catering to the needs of its clients with a focus on excellence and customer satisfaction. Through its extensive reach and established client base, United Catering Group has become a prominent player in the Russian catering industry.

Mail.ru Group, founded by Yuri Milner, is the largest Internet company in the Russian-speaking world and one of the largest in Russia. It operates popular social networking sites, instant messaging networks, email services, online games, and internet portals in Russia. The company also holds strategic equity stakes in various companies, including vKontakte and QIWI. Additionally, Mail.ru Group has minority stakes in global companies like Facebook, Zynga, and Groupon. With a diverse portfolio of internet services and investments, Mail.ru Group plays a significant role in the digital landscape of Russia and beyond.

Vyberi Radio OOO, established in 2006 and headquartered in Moscow, Russia, owns and operates a network of radio broadcasting stations across the region. The company is a subsidiary of UTH Russia Limited and manages a portfolio of approximately 15 radio stations, providing diverse content to listeners throughout Russia.

UTV Holding is one of the fastest growing companies in the Russian telecom industry. Operates two national Free-To-Air TV channels U Channel and Disney Channel Russia, cable channel MuzTV and a group of 98 owned and operated regional TV stations in Russia.