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OLX ceased its operations in Venezuela on September 11, 2018, due to complex political issues and lack of free dealing. [ 28 ] [ 29 ] [ 30 ] In 2019, Avito was the second-biggest classifieds site in the world after Craigslist .
The company raised US$100 million in 2015, [6] one of the five largest first rounds of venture capital financing since 2008. [15] Following a merger in May 2016 with Wallapop, a competitor with a reported valuation of about $570 million, the company raised an additional $100 million. [10]