InVenture sells stake in Busfor

InVenture Partners confirmed it had sold its stake for an undisclosed sum. The Russia-based GP invested in the startup in a $20m funding round in October 2016, which was led by Elbrus and Baring.

The fresh capital was intended to boost the company's international expansion with a particular focus on the Belarusian and Kazakh markets. It also planned to invest in marketing activity, including a television advertising campaign.

Company
Founded in 2012 and headquartered in Moscow, Busfor is an online marketplace for bus tickets. The company makes a 15% commission on all sales and currently operates in the Russian, Polish and Ukrainian markets. It also operates in Thailand under the Tickets brand.

People
InVenture Partners – Sergey Azatyan (partner).
Elbrus Capital – Dmitri Krukov (managing partner).
Baring Vostok – Elena Ivashentseva (senior partner).
Busfor – Ilya Yekushevsky (co-founder, general director).

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• Topics
• Exits
• CEE
• Consumer
• Expansion
• Russia
• Elbrus Capital