Tag: Vostok New Ventures



Avito’s revenue grows 38% in H1 of FY2017

Avito.ru, Russia's leading general classifieds platform, seems to be maturing as a classified site: the rate at which its revenue grows from quarter to quarter is slowing down. In Q2 of FY2017, it generated only 32 percent more revenue than in Q2 of FY2016 - down from growth of 46 percent in Q1 of FY2017. 



Vostok New Ventures calls Opensooq the new Avito

Fifty-one percent of the net asset value (NAV) of Vostok New Ventures is contributed by Avito. But, in the Swedish run investment company, there are several other classified companies. Of course, the dream is that there might be a "new Avito" among them. Now, Vostok New Ventures might have identified the "new Avito".


Farewell, Garantibil and auto site Carable

Farewell, Garantibil and auto site Carable

The Swedish company Garantibil behind the auto platform Carable filed for bankruptcy. The company, which launched in 2012, raised a total of $12 million U.S. from investors. The last round of financing did not succeed and the plan to launch its platform in the U.S. never realized.


Carable written off after running out of money

Carable written off after running out of money

Last year, Vostok New Ventures waxed lyrical about an investment it had made in the used-car start-up Carable, called Garantibil in Sweden. The investment was made in Q2 last year. Not a big investment. Just SEK 10 million ($1.2 million U.S.). Less than one year later, it seems as if the money has been blown.


Vostok pushes Wallapop valuation up by 60%

Vostok pushes Wallapop valuation up by 60%

Vostok New Ventures thinks its 3-percent stake in Wallapop is worth $18.5 million U.S., which translates into a full value for the app of $616 million U.S.. The new value given to Wallapop by Vostok New Ventures is 60 percent up over the previous valuation.



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