What is avito.ru? avito.ru Review, Features

Founded in 2007, avito.ru is the largest free information publishing website in Russia and the third largest classified information publishing platform in the world.

About avito.ru

• avito.ru has hundreds of thousands of online users every day, and the number of information published daily is in the hundreds of thousands. Enterprises or individual users can quickly find the products or services they need, and can also publish information.
• Avito currently accounts for 25% of the traffic and 15% of the output value of the Russian classified information market. In 2012, Avito generated sales revenue of approximately $30 million. With the merger of Slando and OLX, Avito is expected to rely on a larger and more stable user base to generate revenue, so advertising will become an important part of future revenue.
• Currently, Avito has 140,000 daily active users, but 40,000 of them have never used the service before. Of course, in order to gain more revenue, Avito will also attract professional sales staff and second-hand goods.

Development History

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

- In 2012, Avito.ru was launched in Egypt and a few months later became the largest classifieds site in the country;

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 full control over the website.