Avito.ru, the biggest site for online classified ads in Russia.
Naspers Buys Majority Stake In Russian Classifieds Site Avito For $1.2B. The firm announced that it will increase its existing 17.4 percent ownership to a majority 67.9 holding through the acquisition of shares from existing investors (Northzone, Accel Partners and Kinnevik). Kinnevik has sold his 31,9% for $846M.
The company was valued at $2.7B.
Funding Rounds (4) - $142MUpdate
|Accel Partners||Series B (Lead)|
|Baring Vostok Capital Partners||Series B||-|
|Kinnevik AB||Private Equity||-|
|Private Equity (Lead)|
|Naspers||Series D (Lead)||-|
|Vostok New Ventures||Private Equity||-|
|Oct 27, 2015||Tech.eu - Naspers acquires Russia's Avito in $1.2 billion transaction|
|Oct 23, 2015||vc.ru - Южноафриканский холдинг Naspers приобрёл контроль в Avito за $1,2 млрд|
|Oct 23, 2015||TechCrunch - Naspers Buys Majority Stake In Russian Classifieds Site Avito For $1.2B|
|Jun 10, 2015||YourStory News - Rise of the Indian marketplaces, and what the future holds|
|Jun 20, 2014||Tech.eu - Kinnevik ups stake in Russian classified firm Avito at $1.8b valuation|
|Jun 20, 2014||TechCrunch - Russia’s Avito Becomes World’s 3rd Biggest Classifieds Site After $570M Deal With Naspers|
|Feb 19, 2013||Bloomberg - First Came the Russian Meteor, Now the Meteorite Deals|
|May 2, 2012||Gigaom - Avito.ru takes $75 million for Russian small web ads|
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Lesnaya st., 7
Moscow, Moscow City 125047