Yandex, via its Yandex.Factory (Яндекс.Фабрика) startup funding initiative, has invested in TimeBooker, online booking of different services, according to Yandex blog.
Yandex first met the founders of TimeBooker at WebReady startup event in St. Petersburg last December. Yandex decided to invest in TimeBooker because of its unique service cost calculation model and strong founding team. The investment should be in the range of between $50,000 and $100,000.
Known as GBooking in English, TimeBooker is expected to be launched in Russia by Haifa, Israel-based startup XLR Group. It offers a web platform for online search, comparison and booking for services. TimeBooker is founded by Technion graduates Alexander Naslednikov (CEO), Ronen Kagan, Liran Gavish (CTO) as well as by Alexander Bryzgalov from Moscow.
See top 10 Web Startups from Russia.