Russia

Avito shuts down dating section

Avito.ru, Russia’s largest general classifieds site, removed the dating button under its “Hobbies and Leisure” category, to avoid the potential risks associated with online prostitution rings in Russia. In the past few months, Russia has witnessed a government crackdown on online prostitution rackets, with several sites and publications associated with illegal escort services taken...

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Rambler to build an Uber for real estate

Rambler, Russia’s media major, purchased online real estate agency AgentOn.ru, and announced publicly that it wants to create a large network of real estate agents, based on the principles of the U.S. taxi service app Uber. AgentOn acts as a trading floor that links real estate agents with homeowners looking to rent or sell their properties. The undisclosed purchase of AgentOn was driven...

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Russia’s MyHomeDay gets $3 million injection

MyHomeDay.com, a Russian online service for home rentals and sales, received a financial boost from Kirill Podolsky, the majority shareholder of holiday accommodation bookings site AnyWayAnyDay, and other classified sites. Podolsky, who has been financing MyHomeDay from its inception, has committed to inject another $3 million U.S.. (Go to his Facebook page.) The Moscow-centered real estate...

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Avito to expand its real estate operations in St. Petersburg

Avito.ru, Russia’s leading general classifieds platform, is looking to make inroads in the real estate sector of St. Petersburg, Russia’s second largest city. According to local media outlet Delovoy Peterburg, the company is hiring content moderators and call center operators in the city. Avito tends to develop local offices of operations in regions it sees as vital, with both Moscow...

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Avito’s revenue growth drops to 47% in Q2

Avito.ru, Russia’s largest general classifieds platform, has seen a slowdown in revenue growth, according to the latest trading statement released by shareholder Vostok New Ventures, with non-audited figures for Q2 of FY2015. The classifieds giant recorded revenue growth of 47 percent in Q2 this year from Q2 last year. Most classifieds players would be very proud with such a performance....

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Russia’s Carprice gets $40 million injection

Russian auto recommerce venture CarPrice.ru received a capital injection of $40 million U.S. from a group of private investors and funds, including the Baring Vostok Private Equity Fund and venture fund Almaz Capital. CarPrice offers car owners a free valuation service based on vehicle specifics, and provides the chance to sell their autos via a national network of dealers. Since it invites...

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