Avito
Type of businessPrivate company
Type of site
Classifieds
Available inRussian
Founded2007 (2007)
Headquarters
Moscow
,
Russia
OwnerKismet Capital Group
Founder(s)Jonas Nordlander and Filip Engelbert
Key peopleIvan Tavrin (owner, since 2022),[1] Vladimir Pravdivy (CEO)
ServicesE-commerce, web communications
Employees2200+
ParentKismet Capital Group
URLwww.avito.ru
RegistrationOptional
Launched2007 (2007)
Current statusActive

Avito is a Russian classified advertisements website with sections devoted to general goods for sale, jobs, real estate, personals, cars for sale, and services. Avito is the most popular classifieds site in Russia and is the biggest classifieds site in the world.[2][3][4]

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.[5] In 2015–2019, Russian Forbes put the service in third place in its list of the most expensive companies of Runet, estimating it at $4.9 billion.[6]

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 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 for $1.2 billion.[7][8] In January 2019 Naspers has taken full control of Avito after it spent $1.16 billion to buy the 29.1 percent of company.[9]

In February 2021, Avito.ru had around 47 million users.[10]

In October 2021, Federal Antimonopoly Service 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.[11]

In December 2021, Avito became the most visited classified site in the world.[12]

In October 2022, Naspers signed an agreement to sell 100% of Avito with Ivan Tavrin's Russian company Kismet Capital Group. The deal is valued at $2.4 billion.[1]

Avtoteka

Avtoteka`s logotype

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".[13]

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.[14] 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.[15]

In 2017–2018, Avtoteka began cooperation with the "Fit Service" federal network of repair stations.[16] In October 2017, the service began cooperation with the National Bureau of Credit Stories.[17] In August 2020, Rosstandart and Avtotek concluded an agreement on information cooperation.[18] In January 2020, Avito bought 51% of IT company MaxPoster.[19]

References

  1. 1 2 "Russian investment company Kismet Capital Group acquires 100% of Avito from South Africa's Naspers Investment holding". intellinews.com. 2022-10-14.
  2. ↑ "Top Websites Ranking for Classifieds in the world". Similarweb.
  3. ↑ "Avito Named World's Most-visited Classified Ads Site by Similarweb" (Press release). Business Wire.
  4. ↑ Shu, Catherine. "Russia's Avito Becomes World's 3rd Biggest Classifieds Site After $570M Deal With Naspers".
  5. ↑ "Naspers takes full control of Russian classifieds site Avito in $1.16B deal". TechCrunch. Retrieved 2019-01-31.
  6. ↑ "«Яндекс» возглавил рейтинг самых дорогих компаний Рунета". Forbes.ru (in Russian). Retrieved 2021-03-15.
  7. ↑ "This Craigslist Copycat Gets a Lift From Russia's Recession". Bloomberg News. 15 March 2016.
  8. ↑ "Russian website Avito seen doubling revenues". Reuters. 22 April 2017.
  9. ↑ Rumney, Esha Vaish, Arno Schuetze, Emma (2019-01-25). "Naspers takes full control of Russian classifieds website Avito". Reuters. Retrieved 2021-03-15.{{cite news}}: CS1 maint: multiple names: authors list (link)
  10. ↑ "Владимир Правдивый: «Новое измерение вещей — интенсивность использования» :". РБК Тренды (in Russian). Retrieved 2021-03-15.
  11. ↑ "ФАС отказала Avito.ru в покупке сервиса продажи недвижимости ЦИАН" (in Russian). Интерфакс. 2021-10-06.
  12. ↑ "Avito becomes world's most visited classified site". Bne intellinews.
  13. ↑ "В России появится база данных с историей подержанных автомобилей по VIN-номеру". www.kommersant.ru (in Russian). 2016-06-06. Retrieved 2021-10-20.
  14. ↑ Багдасаров, Евгений (2020-06-23). "Хотели паспорт потерять: чем грозит дубликат ПТС покупателю машины". Известия (in Russian). Retrieved 2021-10-20.
  15. ↑ "Автомобилям с пробегом пишут историю". Ведомости (in Russian). Retrieved 2021-10-20.
  16. ↑ "«Автотека» начала сотрудничать с федеральной сетью автосервисов FIT SERVICE". www.doroga78.ru. Retrieved 2021-10-20.
  17. ↑ "Автотека собирает колоссальную базу данных о машинах России - Новости автомира на CarExpert.ru:Автомобили мира". carexpert.ru. Retrieved 2021-10-20.
  18. ↑ "Росстандарт и «Автотека» оповестят об отзывах". abreview.ru. Retrieved 2021-10-20.
  19. ↑ Марьина, Анастасия. "«Авито» получил контроль в российской ИТ-компании MaxPoster". Rusbase (in Russian). Retrieved 2021-10-20.
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