Russia and CIS-focused private equity fund manager Baring Vostok Capital Partners and Russia-based telecommunications provider MTS have reportedly agreed to invest in Russia-based online retailer Ozon Holdings as part of an RUB3.5 billion (approximately US$62 million) investment round from existing shareholders. MTS will contribute RUB1.15 billion (approximately US$20 million) to the deal. Ozon offers a diverse range of products to more than three million unique buyers across hundreds of cities in Russia.