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Russian OTAs Keep Booming; Raise New Funds

Files under: News
Posted by: admin @ 06:04 [4. 12. 12]

Being one of the fastest-growing economies of the Russian internet,  the online travel market in Russia is set to increase to $7 billion in 2012, according to PhoCusWright (via CNews). Two of the Russian online travel agencies (OTAs) have just revealed new funding rounds. The Russian online hotel booking site Oktogo.ru is receiving a new [...]

Oktogo.ru Raises $10 Million From VTB Capital, Mangrove Capital And Ventech

Files under: News
Posted by: admin @ 04:24 [20. 03. 12]

The leading Russian online hotel booking and travel site Oktogo.ru has announced that it raised $10 million from VTB Capital, Mangrove Capital Partners, Ventech Capital and ABRT. Russia’s largest bank VTB asset management arm VTB Capital was the lead investor in the round. The new investment will be used to expand Oktogo.ru‘s hotel database in [...]

Travel Meta-Search Momondo And Oktogo.ru To Partner For Russian Hotel Booking

Files under: News
Posted by: admin @ 17:00 [6. 02. 12]

The pan-European travel meta-search engine Momondo has partnered with Oktogo.ru, the leading Russian travel and hotel booking site, reported newspaper Kommersant. Oktogo.ru will power Momondo‘s search results with hotels from its database. The Russian online hotel booking market reached $1 billion last year. In early 2011, Oktogo.ru received $5 million from European venture capital investors. [...]

Top 10 Russian Web Startups of 2011

Files under: News
Posted by: admin @ 06:21 [22. 12. 11]

In September 2011, Russia became the largest Internet market in Europe with 51 million online users. Who are the top emerging internet companies that disrupt the Russian market. Find out below a list of top 10 Russian web startups of 2011. 1. Oktogo.ru Having raised $5 million in venture capital from European early-stage investors, Oktogo.ru [...]

Oktogo.ru And TripAdvisor Team Up On Hotel Reviews In Russia

Files under: News, Web 2.0
Posted by: admin @ 23:56 [2. 08. 11]

The leading hotel booking website in Russia, Oktogo.ru has partnered with TripAdvisor, the world’s largest travel site. The users of Oktogo.ru will see TripAdvisor‘s hotel reviews. TripAdvisor will get access to Oktogo.ru‘s extensive database of the Russian hotels and reviews. Launched in 2010, Oktogo.ru raised $5 million from Mangrove Capital and Ventech in April 2011. [...]

SuperAngels-backed Oktogo.ru Closes $5 Million from Mangrove, ABRT and Ventech

Files under: News, Tech, Web 2.0
Posted by: admin @ 03:06 [5. 04. 11]

The leading European early-stage venture capital firm Mangrove Capital Partners has led $5 million investment round in Oktogo.ru, Russian online hotel booking service. Mangrove‘s partner Mark Tluszcz confirmed the investment on his Twitter. Other investors included ABRT Fund and Ventech. The so-called “SuperAngels“: Fabrice Grinda (co-founder of OLX), Jose Marin (IG Expansion), Javier Perez-Tenessa (founder [...]