Russian online classifieds site Prodai.ru has raised half a million US dollars from an unnamed investor from the wood industry, online publication Rusbase reported earlier this month.
The funding will be used for expansion across Russia, with the Siberian regions of Kemerovo, Novokuznetsk and Chita targeted in the short term, Valery Vorobyev, the site’s founder, told Rusbase.
Nearly 90,000 classifieds are now displayed on the site.
The Russian online classifieds industry is dominated by Avito.ru, which claims no less than 32 million classifieds. Its monthly traffic reached 25.7 million users between 12 and 64 years of age in July 2015, according to TNS.
