Avito

Avito Inc.
Type of business Private company
Type of site
Classifieds
Available in Russian
Founded 2007 (2007)
Headquarters Moscow, Russia
Founder(s) Jonas Nordlanderr and Filip Engelbert
Key people Jonas Nordlanderr (CEO)
Services E-commerce, web communications
Website www.avito.ru
Alexa rank Increase 154 (December 2016)[1]
Registration Optional
Launched 2007 (2007)
Current status Active

Avito is a Russian classified advertisements website with sections devoted to general good for sale, jobs, real estate, personals, cars for sale, and services.

Avito is the most popular classifieds site in Russia and is the third biggest classifieds site in the world after Craigslist and the Chinese website 58.com.[2][3] In December 2016, it had more than 35 million unique monthly visitors. On average, Avito's users post more than 500,000 new ads daily and the overall ads are about 30 million active listings.

History

Avito.ru was founded in 2007 in Moscow. In 2010, Avito collected a large amount of capital from venture capitalist Northzone. In 2012, Avito launched in Egypt and Morocco, where in a few months became those country's biggest classified ads site. In 2013, Avito merged with its Russians competitors Slando.ru and OLX.ru to become the Russian market leader for classified ads and was later purchased by Naspers for $1.2 billion.[4][5] In December 2013, Avito had around 23.9 million users.

References

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