Kismet Capital Group owns 50% of the business after acquiring Avito from Prosus in October 2022 for $2.4 billion, with state-owned Rosselkhozbank acquiring the other half in April 2025. The company has taken on significant debt through the Prosus buyout but has since cut leverage materially, more than tripled revenue, doubled developer headcount and rolled out new products.
Cyborg Score Rationale
Avito is the most popular classifieds site in Russia and is the biggest classifieds site in the world. Avito is testing AI assistants, has launched map-based property ads, and has earmarked RUB 12 billion for AI investment by 2028, demonstrating product innovation and capital commitment. IPO readiness (April 2026) reflects operational maturity.
Top Insights
More than 80% of transactions on Avito now occur outside of Moscow and St. Petersburg, reflecting strong regional diversification
Avito reported consolidated revenue of RUB 100 billion (approximately $1.1 billion) in 2023
Avito is investing RUB 12 billion in AI by 2028, including AI assistant rollouts
Real estate vertical alone draws around 43 million monthly users, underlining scale against specialist competitors
Named Competitors
OLX — Global horizontal classifieds platform
Youla — Russian horizontal classifieds competitor
Craigslist — Global classifieds leader (displaced by Avito in 2021)
Recent Developments
(April 2026) Avito co-owner signals IPO readiness to Moscow Exchange without committed timeframe
(April 2025) State-owned Rosselkhozbank acquires 50% stake, co-owning with Kismet Capital Group