The private equity firm Tiger Global Management acquired a 40% stake in online air ticket booking site Anywayanyday.com for $10 million, reported newspaper Vedomosti.
Anywayanyday is owned by an affiliate of Valars, a major Russian grain trading company.
Focused on airline ticket sales, Anywayanyday was launched in 2008. The site has 50,000 daily visitors. It reported a sales turnover of 450 million Rubles ($14 million) in 2009. Anywayanyday, which holds 3% of Russian online airline ticket sales market valued at more than $500 million, plans increase its share to 15% by the end of the year. The Anywayanyday service plans to branch out into online hotel reservation as well as open a regional sales office in Ukraine.
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