Avito.ru, Russia’s leading classifieds site by number of users, is merging with its competitors Slando.ru and OLX.ru, creating the fifth most popular Russian website, with more than 100 million page views a day, The Financial Times reported this morning. As part of the deal, Slando and OLX will be folded into the Avito brand. The …
Avito.ru, Slando.ru and OLX.ru merge to create online classifieds giant Read More
Two western real estate professionals, Stephen Inscoe and Carlo Walther, told East-West Digital News that they have launched an innovative real estate listing site christened ‘Idinaidi.ru’ (“Go and find” in Russian). They have received financial support from international investment firms Sorren Media and Camco Private Equity Group. After running in beta testing since mid-December, the …
New real estate listing site maps properties in 38 Russian cities Read More
Renthome.ru, a HomeAway.com clone offering short-term vacation rentals across Russia and the CIS, closed earlier this month an angel investment round of approximately $1 million. Participants in this round of investment include Russian and foreign entrepreneurs, as well as investors from the real estate market and finance sector, announced Fast Lane Ventures, which invested in …
Alternative accomodation websites attract VC money Read More
Demonstrating the growing importance of the Russian market, eBay is opening a representative office and subsidiary in Russia under the name eBay Marketplaces. The US giant will be represented by Vladimir Dolgov, previously Country Manager for Google and a former General Manager at Ozon.ru, a leading online retailer. The news was reported by the Russian business …
Avito.ru, Russia’s leading classifieds site by brand awareness and number of users, announced today that it has received $75 million in new funding from Baring Vostok Private Equity Fund IV and Accel Partners as well as from existing investors Kinnevik and Northzone. The valuation has not been disclosed, but Avito’s press service told East-West Digital …
Avito.ru secures $75 million from Accel Partners and Baring Vostok Read More
After launches in a range of European, Latin American and Asian countries, Airbnb.com, the famous US online alternative accommodation service, is coming to Russia. The embryonic Airbnb Russian team is headed by Eugen Miropolski, who formerly held senior executive positions at Fast Lane Ventures, KupiVip.ru, and Groupon Russia. In an interview with EWDN chief editor …
Almost two years after the release of its Russian language version, and one year after it launched a local classifieds service, eBay enjoys a strong and still growing popularity among Russian consumers who use the platform to order goods from all over the globe. eBay’s Head of International Expansion for Europe Rob Cassedy shared some insights …
Rob Cassedy of eBay: “For Russians, eBay is all about international deals.” Read More
Media3, a major media publishing, commercial printing and distribution group, announced on Monday its acquisition of Delovoy Mir, Russia’s fifth largest publisher of online classifieds. The amount of the transaction was not disclosed, but Delovoy Mir Online Brand Manager Marina Zeitina told East-West Digital News that Media3 obtained a 90% stake, leaving the remaining 10% …
Media3 asserts itself as major online media publisher Read More
Fast Lane Ventures, a Western business incubator operating in Moscow, announced earlier this week the launch of Domgeo.ru, an online database of real estate available for purchase or rent. Domgeo’s properties come from as many as 50 agents and developers who have agreed to list their properties on the site on a pay-per-inclusion basis, the …
Fastlane Ventures launches ambitious real estate listings site Read More
A new player has emerged on the nascent Russian online alternative accommodation market. Apartator.ru launched its test version in April and its first paid functions in late June. It has just been selected as one of the 10 finalists of the European Demo Night startup contest to be held next week in San Francisco.
DST, the top Russian Internet investment fund, will participate in a still-undisclosed round of financing in favor of alternative accommodations marketplace Airbnb, reports TechCrunch from unnamed sources. The round is being led by Andreessen Horowitz.
Swedish investment company Vostok Nafta Investment called Avito.ru, its online-classified-ads affiliate company in Russia, the “real romance” of its portfolio in 2011. Vostok Nafta, which owns 25.8% of Avito, claims in its annual report that the site established itself as “the number one online classifieds operator in Russia” following the “explosion” of its traffic since …
Swedish investor has “real romance” with Russian classifieds site Read More
