Avito is the largest classifieds website in Russia, with 10.3 million unique visitors per day. The site currently lists nearly 47 million listings in categories including goods, cars, real estate, jobs and services.
Avito's platform advantages:
Avito uses neural networks to identify products from photos and simplify ad submission.
Avito has developed and is actively using a unique system for automatic ad verification using machine learning algorithms.
Avito uses a data mining-based security system to protect against more than 10,000 hacker attacks per month.
The Avito automated system checks approximately 10 million ads per week.
Avito's development history:
In 2010, Avito.ru collected a large amount of funding from venture capitalist Northzone.
In 2012, Avito was launched in Egypt and within a few months became the largest classifieds site in the country.
In 2012, Avito generated sales revenue of approximately $30 million.
In 2013, Avito.ru merged with Russian competitors Slando.ru and OLX.ru to become the leader in the Russian classifieds market, and was later acquired by Naspers for $1.2 billion.
In January 2018, South African Internet giant Naspers invested an additional $1.16 billion in cash in Russian classified news website Avito, increasing its stake in the website to more than 99%, thereby gaining complete control over the website.
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