In 2023, Yandex became the leader of the list. And that’s despite its value falling from $17.4 billion in 2022 to $10.2 billion in 2023.
The Wildberry marketplace is second on the list with a valuation of $9.8 billion, and Ozone is third with an estimated value of $5.2 billion.
Note that the combined value of the 30 companies on the list decreased by $14 billion last year. Most of the downfall came from Yandex and Avito. In addition, Avito lost two-thirds of its value due to the sale of its advertising service to the holding of Ivan Tavrin. HeadHunter’s cost was also cut in half as 20% of the service was sold to Tavrin.
Source: Ferra
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