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Basics

Founded: 01.10.2008

WEB: www.avito.ru


Interests: eCommerce

Region: Moscow


Online classified ads site

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Investors

$ 175,000,000

Type of investment

Venture Deals
Accel Partners
Baring Vostok Capital Partners
02.05.2012
$ 75,000,000
Venture Deals
2012
$ 50,000,000
VC Funding
03.2013
$ 50,000,000
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Avito

Avito.ru, founded in 2007 by Swedish entrepreneurs Jonas Nordlander and Filip Engelbert, is the the world’s third largest classified ads site. Dubbed “Russia’s Craigslist”, it is a marketplace not only for retail goods, but also for cars and property. Each month the site is used by over 30 million unique users, and 6 million new items are posted. The site also claims that 40,000 new users list on the site every day. 

In May 2012 Avito secured $75 million dollars from Baring Vostok and Accel Partners in one of the top 5 investment rounds in Russia last year. 

In March 2013, a $500m deal with South African company Naspers merged Slando.ru and OLX.ru into the Avito brand, consolidating the site's position as the dominant player in the Russian ads market, and increasing its number of daily visits to 100 million. 

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Team

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Former team

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Competitors

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Financial Status

Funded

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