Avito App in Mysterious App Store Disappearance

July 25, 2024

Russian horizontal marketplace giant Avito woke up to confusing news this week when it noticed its app is no longer visible or searchable on Apple's app store.

Avito has already confirmed it is in conversations with Apple to understand why its app was delisted, but details remain thin.

However, given American sanctions over several high-profile Russian investors, one of whom is Ivan Tavrin—the man who owns Avito via Kismet Capital Group—it's not infeasible that a political play may be behind Apple being told in no uncertain terms to stop advertising Tavrin's billion-dollar asset.

Tavrin's name was added to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctions list in December 2023, while his investment companies Kismet Capital Group, Kismet Consulting LLC and Kismet Telecom Infrastructure LLC were also named.

Officially, Avito was not on the list of sanctioned entities at the time of the judgment.

Avito has advised iPhone users not to try to reinstall or update the app and switch to its web version until further notice.

July 25, 2024
Harvey is an accidental real estate journalist and professional copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has worked as a freelance copywriter since 2021, with a special focus on startups real estate. Harvey joined Online Marketplaces as a News Editor in 2022, writing over 2000 news stories and interviewing dozens of high profile industry leaders both in-person and as a co-host of the PPW Podcast.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Product Roundup 240720261
Product and Services Roundup: Redfin, BCG, ESPC

We kick off this week's Roundup with a nifty data deal for Redfin.   North America: Redfin adds climate data...

Read More
Cian Boardroom 1
Cian Approves 12-Month, $51.6M Share Buyback

The Russian real estate portal Cian will buy back up to RUB 4 billion (USD 51.6m) of its own shares...

Read More
quintoandarhiring 2
Quinto Andar Hires New GM for Latin America

Grupo QuintoAndar has announced the appointment of Jaime Macaya as Vice President (VP) and General Manager for Latin America. Macaya...

Read More
hero image chess defection 3
To Win The Consideration Phase, Portals May Have To Switch Sides

People looking for a new place to live usually don't send a lead as they're searching; they do so after...

Read More

Editor's Pick