By: Gigaom
Avito.ru takes $75 million for Russian small web ads
Russia's online listings market could be about to explode, and investors want a piece of it. The latest beneficiary is a Craigslist-style site that also wants to be like eBay.

Russia’s online listings market could be about to explode, and investors want a piece of it.

Avito.ru, the country’s leading classified ads site, is taking a big $75 million venture round from Accel and Baring Vostock plus previous backers Kinnevik and Northzone.

The company wants to add more primary e-tail to its small ads business, something which could make Avito.ru a cross between Craigslist and eBay.

GP Bullhound, which advised on the deal, says: “The interested investors represented financial parties looking to gain a foothold in the fast growing Russian Internet market, the fifth largest internet market globally.”

The circumstances for success look promising:

Most of Russia’s online ad growth has come from display ads and contextual sold by giants Yandex and Mail.ru, rather than classifieds.

Founded in 2007, Avito.ru claims 30 million uniques, a one-hour average dwell time and two billion page views per month, with six million new items added per month.

It claims to be responsible for transactions equalling three percent of Russian annual GDP.

Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.


Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here