Avito is a Russian

classified advertisements Classified advertising is a form of advertising, particularly common in newspapers, online and other periodicals, which may be sold or distributed free of charge. Classified advertisements are much cheaper than larger display advertisements use ...

website with sections devoted to general goods for sale, jobs, real estate,

personals A personal advertisement, sometimes called a contact ad, is a form of classified advertising in which a person seeks to find another person for friendship, romance, marriage, or sexual activity. In British English, it is commonly known as an adve ...

, cars for sale, and services. Avito is the most popular classifieds site in Russia and is the biggest classifieds site in the world. In January 2019, it had more than 10.3 million unique daily visitors. On average, Avito's users post more than 500,000 new ads daily, and the overall ads are about 60 million active listings. In 2015''–''2019, Russian ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' put the service in third place in its list of the most expensive companies of

Runet The Russian Internet () or Runet (), is the part of the Internet that uses the Russian language, including the Russian-language community on the Internet and websites. Geographically, it reaches all continents, including Antarctica (due to Russ ...

, estimating it at $4.9 billion.

History

Avito was founded in 2007 in Moscow by Swedish entrepreneurs Jonas Nordlander and Filip Engelbert. In 2010, Avito.ru collected a large amount of capital from

venture capitalist Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number ...

Northzone Ventures. In 2012, Avito launched in Egypt and Morocco, where in a few months became those countries' 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 Naspers Limited (until 1998 Die Nasionale Pers) is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town. The company has interests in online retail, publishing, real estate, and ventu ...

for $1.2 billion. In January 2019 Naspers has taken full control of Avito after it spent $1.16 billion to buy the 29.1 percent of company. In February 2021, Avito.ru had around 47 million users. In October 2021,

Federal Antimonopoly Service The Federal Antimonopoly Service of Russia (FAS) () is the federal-level executive governmental organ that controls the execution of the antitrust law and related areas. The FAS was established by President Vladimir Putin through Decree #314, ...

declined CIAN.ru (realty service, site and database) purchase by Avito.ru, because the deal could make its market share more than 50%. In summer 2021, CIAN.ru was expected to go to IPO in the USA. In December 2021, Avito became the most visited classified site in the world. In October 2022, Naspers signed an agreement to sell 100% of Avito with

Ivan Tavrin Ivan Vladimirovich Tavrin (; born November 1, 1976) is a Russian oligarch, investor, and founder of several major corporations, linked to another billionaire Alisher Usmanov. Currently he is the Chief Executive Officer of Kismet Capital Group. Ed ...

's Russian company Kismet Capital Group. The deal is valued at $2.4 billion.

Avtoteka

The Avtoteka service was established in 2016 by Vadim Ivanov and Sergey Litvinenko, at that time by Avito employees as the joint venture of Avito and the Russian Association of Car Dealers. The service base was filled with Avito partners — " Rolf", "Avtomir", Genser, "Independence", "Transtehservice" and "Klyuchavto". The service checks the history of car use. There is information about participation in accidents, hijackings, fines, use as a taxi, number of repairs, owners, importation from abroad, ads for sale on the service "AvitКo". This information is transferred to the "Avtoteka" by project partners – 1,500 official dealers and about 500 independent service stations. According to the Russian Association of Car Dealers, Avtoteka has collected information about more than 10 million cars for maintenance and mileage and the legal history of about 47 million cars. In 2017–2018, Avtoteka began cooperation with the "Fit Service" federal network of repair stations. In October 2017, the service began cooperation with the National Bureau of Credit Stories. In August 2020, Rosstandart and Avtotek concluded an agreement on information cooperation. In January 2020, Avito bought 51% of IT company MaxPoster.

References

External links

* {{Official website, https://www.avito.ru/ * https://m.avito.ru Internet properties established in 2007 Marketing companies established in 2007 Online marketplaces of Russia Classified advertising websites Automotive_websites Online automotive companies