Online classifieds

Naspers sells Russian classifieds giant Avito to Russian investor

October 31, 2022

Naspers affiliate Prosus has sold Avito, the Russian classifieds giant, for 151 billion rubles ($2.46 billion at the current exchange), to Kismet Capital Group. The transaction, which was announced in mid-October, was closed earlier this week, reported news agencies. A consortium of banks, headed by Russian Agricultural Bank, organized financing for the transaction, Kismet said.  Avito was valued at $3.85 …

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VK Company and Vladimir Potanin eye Avito as Naspers seeks to sell Russian digital assets

June 17, 2022

VK Company, a Kremlin-controlled Russian Internet giant, is seeking to acquire the leading local classifieds platform Avito, which is owned by Naspers affiliate Prosus.  Prosus could also sell its 25.7% stake in VK Company, reported the Russian media  citing Bloomberg. Russian oligarch Vladimir Potanin is also regarded as a potential acquirer of Avito, according to the …

VK Company and Vladimir Potanin eye Avito as Naspers seeks to sell Russian digital assets Read More

Naspers’ OLX no longer involved in operations of Russian subsidiary Avito

April 1, 2022

Avito, Russia’s leading classifieds platform (a subsidiary of OLX Group, owned by Naspers affiliate Prosus), will operate as an independent Russian business,  “We can confirm OLX Group has taken a decision to cease all involvement in its Russian operations. The separation process is underway which will decouple the companies into two independent entities. Avito will operate …

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Nasdaq-listed Cian.ru bans racial discrimination in rental ads

December 21, 2021

Earlier this month — just weeks after it began trading on the Nasdaq — Russian online real estate service Cian.ru announced “changes in publication rules” and started deleting ads offering rentals “for Slavs only.” According to this new policy, “advertising text must not contain direct or indirect discrimination, nor incitement to discrimination based on race or ethnicity (including indicators such as …

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Avito becomes world’s most visited classified ads site

December 16, 2021

While America’s Craigslist is the most recognisable online classifieds platform, it’s in emerging markets that the segment is really taking off. According to digital analytics service Similarweb, the most visited classified ads website in the world for November 2021 was Russia’s Avito, which displaced Craigslist from the top spot for the first time. Avito is billed …

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Online realty leader Cian raises $293 million in New York listing, carsharing major Delimobil postpones IPO

November 14, 2021

Cian, a leading online real estate classifieds platform in Russia, began trading on the New York exchange on Friday, Nov. 5,  with a secondary listing on the Moscow exchange announced as imminent. At a company valuation of $1.1 billion, Cian shares had been oversubscribed 10 times by investors, a source in the financial market told Reuters. In their debut on the Nasdaq, the …

Online realty leader Cian raises $293 million in New York listing, carsharing major Delimobil postpones IPO Read More

Avito acquires controlling stake in used car software publisher

January 15, 2020

Avito, the Russian online classifieds giant – which Naspers acquired in 2015-2019 for nearly $3 billion – has purchased a controlling stake (51%) in Russian software publisher MaxPoster.  Operating from its Moscow and St. Petersburg offices, this company provides software solutions to estimate the value of used cars, manage classifieds to sell the cars, and …

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Naspers takes full control of Avito, Russia’s leading classifieds site

February 15, 2019

Naspers’s classifieds business, OLX Group, announced Friday that it took full control of Avito.ru, Russia’s number one classifieds site, boosting its stake from 70.4% to 99.6%. Among the minority shareholders exiting the company is Swedish investment  firm Vostok New Ventures (VNV, previously known as Vostok Nafta Investment),  which will get gross proceeds of $540 million from …

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With 40% of e-merchants’ sales revenues, Russian social commerce generates $9 billion yearly

February 4, 2019

No less than 39 million buyers and 22 million sellers – both companies (B2C) and individuals (C2C) – are involved in social commerce, according to a study released last month by Yandex.Checkout and Data Insight. The research reveals the importance of social channels in the Russian e-commerce space, accounting for no less than 40% of …

With 40% of e-merchants’ sales revenues, Russian social commerce generates $9 billion yearly Read More

AI-powered service marketplace raises $17 million to “disrupt the classifieds market”

September 23, 2018

YouDo.com, a platform that matches people requesting and providing day-to-day services, has raised $17 million in an equity funding round led by mobile operator MTS, as reported by the business daily Kommersant. MTS put $12 million on the table, while undisclosed amounts were brought by Sistema Venture Capital (one of the investment vehicles of Sistema, a …

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Yandex acquires regional car classifieds sites from Hearst Shkulev Digital

July 11, 2017

Auto.ru, one of the leading online auto classifieds sites in Russia, and its owner Yandex, have agreed a “strategic partnership,” with Hearst Shkulev Digital, a leading publishing house in Russia, as reported by the Russian business daily Kommersant last week. As part of the deal, Yandex is acquiring HSD’s car classifieds sites across Russian regions. These include E1.Auto …

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Runa Capital leads €4 million round of funding in French childcare service

August 14, 2017

Last week Yoopies, a major player in the field of online childcare and home care services in France, announced that it raised €4 million in equity funding. The Series A round involved Runa Capital, an international venture fund with Russian roots, and Paris-based fund XAnge. Runa brought in two-thirds of the funding amount, Yoopies’ CEO Benjamin …

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