Naspers Buys Majority Stake In Russian Classifieds Site Avito For $1.2B

Naspers, the South Africa conglomerate that invested in China's Tencent among others, is upping its stake in Russia-based Avito, the third largest classifieds site in the world, by way of a $1.2 billi

Accel Closes $475M Fund To Invest Mainly In Europe And Israel, Focusing On Its Series A “Sweet Spot”

<a target="_blank" href="http://www.accel.com">Accel Partners</a> has just this morning announced another hefty fund of $475 million. It's the company's fourth fund for Accel London and will be used f

Russia’s Avito Becomes World’s 3rd Biggest Classifieds Site After $570M Deal With Naspers

South Africa's Naspers has agreed to merge its two Russian online classified Web site with Avito in a $570 million deal that will make Avito the world's third biggest classified site after Craigslist

Everything You Need To Know About The Startup Ecosystem In Russia And Eastern Europe

As <a target="_blank" href="http://www.crunchbase.com/person/dave-mcclure">Dave McClure</a> and <a target="_blank" href="http://geeksonaplane.com/">Geeks on the Plane</a> are touring Moscow, Tallinn a

Russian Classified Giant’s $75M From Accel Shows It’s 1999 In Emerging Economies

<a target="_blank" href="http://Avito.ru">Avito.ru</a>, the biggest online classified ads site in Russia, has secured a fresh $75 million round of funding from Accel Partners' London office. Founded i