Naspers acquires majority stake in Russian online classifieds group Avito in $1.2 billion transaction

South African Internet and media company Naspers has become the largest shareholder in Avito, the leading online classifieds platform in Russia with more than 35 million unique monthly visitors, acquiring shares from existing shareholders including Northzone, Accel Partners and Kinnevik. Naspers, which initially invested in Avito back in 2013, has increased its stake in the […]

European e-commerce company Lengow secures €10 million in Series B funding, plans acquisitions

French e-commerce software company Lengow has closed a €10 million Series B round of financing to take its international expansion beyond the 45 countries it’s already active in. Founded in 2009, the company is particularly eyeing the UK, Germany, Asia and United States for growth, considering ‘strategic acquisitions’ in those regions. The funding comes from […]