Russian Classifieds Website Inks US$75 Million to Fuel Growth (CEE/CIS)
Posted On: 02 May 2012 | Source: AVITO.ru
AVITO.ru, a Russian online classifieds website, has announced that it received US$75 million in new funding from Baring Vostok Capital Partners’ Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The new capital will be used to fuel the company’s growth throughout Russia and to attract talent to the firm. Further transaction details were not disclosed.