What is Avito? Avito Review

Basic Introduction

Avito is Russia's largest classifieds website, with 10.3 million unique visitors per day. The site currently lists nearly 47 million listings in categories including goods, cars, real estate, jobs and services.

data

The site currently has 39 million ads

35 million unique visitors per month

Avito is one of the top 10 most popular online shopping sites in Russia

history

In 2010, Avito.ru collected a large amount of funding from venture capitalist Northzone.

In 2012, Avito was launched in Egypt and within a few months became the largest classifieds site in the country.

In 2012, Avito generated sales revenue of approximately $30 million.

In 2013, Avito.ru merged with Russian competitors Slando.ru and OLX.ru to become the leader in the Russian classifieds market, and was later acquired by Naspers for $1.2 billion.

In January 2019, South African Internet giant Naspers invested an additional $1.16 billion in cash in Russian classified news website Avito, increasing its stake in the website to more than 99%, thereby gaining complete control over the website.

References

• 1. Naspers acquires Russian classified information website Avito: Baijiahao [reference date 2019-01-28T16:00:00.000Z]