In 2015 South African media company Naspers bought Avito and it is now owned by Vostok New Ventures and operates Russia's largest online classifieds website, Avito.ru.
Continue reading Classifieds site Avito grows revenue 32 % year on year in Q2 2017 at Property Portal Watch.
Naspers, the South Africa conglomerate that invested in China’s Tencent among others, is upping its stake in Russia-based Avito, the third largest classifieds site in the world, by way of a $1.2 billion investment. Read More
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...
"Both operating revenues and gross operating profits continued to grow well in Schibsted in Q1 2017," Ryssdal said. "The improvement came in both online classifieds and media houses."
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.