Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS, and are to merge
14.03.2013 11:45, and are to merge

Russian free classified ads website is to merge with and, reports Avito Holding. The Swedish company has made an agreement with the South-African Internet Holding Naspers. Naspers brings its and  into and puts in $50 million in cash into Avito. As a result it acquires 18,6 percent equity stake in the new entity.


The deal will make Avito the third largest classified site after Craigslist and, according to the Financial Times.


Founded in 2007 by Swedish Jonas Nordlander and Filip Engelbert, Avito generated $30 million in revenue in 2012. attracts 35 million unique users monthly. 300 thousand new items are listed every day on the website. Last year the total sum of sold items on the website reached 20 billion Euro. The estimated new value of the company is $570 million.



Author: Irina Fomina

Tags: IT     

Next Previous

You might also find interesting:

Investment Environment in Russia is Negative for Foreign Investors
Russian Startup was Recognized as the Best at the GESAwards Educational Projects Competition
IIDF Subsidiary has Developed a Platform for Selling Personal Data to Business
The Founder of Yandex will Sell about Two Million Shares of the Company
Russian Startups will be Able to Take Part in the Facebook Accelerator

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
physics  St. Petersburg  animation  VIVA VOX  Tyumen  Feodor Bruni  Russian tourism  Moscow  Shrovetide  Festivals in Moscow  Ballad of a Soldier  Russian Cinema  Russian history  Republic of North Ossetia-Alania  Joseph Stalin  Russian Copper Company  Kuragino  Yolki   Russian Railways  Moscow State University  Mercedes-Benz Fashion Week Russia  War and Peace  Tula  travel to Russia  Echo  Travel   Russian courts  Krasnodar Territory  Novgorod Kremlin  Komi Republic  Olga Vilshenko  Russian business  Modern Art  Russian regions  Vladimir Spivakov  Russian media  Pskov Region  Pobeda  religion  Exhibitions in Moscow  Maxim Vylegzhanin  incident  Sochi transfer  Film Restoration  Russian banks  eBay  Winzavod  St. Petersburg Metro  VDNKh  Russian sanctions  

Travel Blogs
Top Traveling Sites