Russia's online listings market could be about to explode, and investors want a piece of it.
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AVITO.ru has raised $75 million to expand its web-based classified advertising. It’s like a Russian version of Craig’s List. But it will be interesting to Silicon Valley observers because of its backers. Investors include Baring Vos... Read Post
Avito.ru, the biggest online classified ads site in Russia, has secured a fresh $75 million round of funding from Accel Partners' London office. Founded in 2008, Avito has so far landed $101 million from Accel, Baring Vostok Private... Read Post
South Africa's Naspers has agreed to merge its two Russian online classified Web site with Avito in a $570 million deal that will make Avito the world's third biggest classified site after Craigslist and China's 58.com. Read Post