To date, over 10 million Russians have listed items for sale on. Of these visitors three million people add six million new items to the site per month. The company has close to 30 million monthly unique visitors spending on average an hour per month on the site while viewing over two billion pages with items for sale. GP Bullhound, the technology investment bank, today announces the completion of a $75m financing round for, Russia’s leading online classifieds site, led by the new investors Accel Partners and Baring Vostok Capital Partners together with existing investors Kinnevik and Northzone. The company has over 100 employees, and is one of the fastest growing web properties in the Russian-speaking world. With some 20m unique visitors per month, it is a Top 10 website in Russia, offering free usage for both B2C and C2C trade. Avito is the number-one classified site in Russia and the Ukraine.
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June 2023
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