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Oktogo.ru and Ostrovok Got $65M VC Funding

Files under: News
Posted by: admin @ 23:17 [26. 03. 13]

The Russian hotel booking site Ostrovok raised $25 million from General Catalyst, Accel Partners, Yuri Milner and others. Two weeks ago its local competitor Oktogo.ru raised $11 million. The pair have got a total venture capital funding of some $65 million over tha past two years. The Russian online travel market is valued at $10 [...]

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 [...]

Onetwotrip Raises $16 Million From Atomico

Files under: News
Posted by: admin @ 15:09 [23. 10. 12]

The interest in Russian online travel market is heating up. In March 2012, online hotel booking service Oktogo.ru raised $10 million from VTB Capital and Mangrove Capital Partners, the first institutional investor in Skype. Today, Skype founders’ venture capital firm Atomico invested $16 million in Onetwotrip, an airline ticket sales website, reported newspaper Vedomosti. The [...]

Oktogo.ru Competitor, Svyaznoy Travel to Launch Online Hotel Booking

Files under: News
Posted by: admin @ 23:08 [1. 08. 12]

Valued at more than $7 billion in 2012 and growing 50%+ per year, the Russian online travel market keeps attracting new entrants. After Kayak and Travel@Mail.ru, one of Russia’s leading retail chains, Svyaznoy, which sells mobile phones, notebook computers, cameras and respective accessories, has launched online hotel booking service at its travel site, Svyaznoy Travel [...]

Travel@Mail.ru Is Now With New Hotel And Flight Search

Files under: News
Posted by: admin @ 22:35 [26. 07. 12]

Travel@Mail.ru, a travel section of the leading Russian online portal Mail.ru, has launched a new hotel search. Update: The search now returns results from various online booking services. Its Russian online hotel booking counterpart Oktogo.ru also recently relaunched its hotel search with maps and filters. Travel@Mail.ru offers search of airline tickets and tour packages. The [...]

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. [...]

Travel Site Ostrovok.ru Raises $13 Million from Accel, General Catalyst, Peter Thiel

Files under: News
Posted by: admin @ 01:13 [11. 07. 11]

How much does a Russian online travel startup need to raise in order to win against competitors? First, HipClub.ru has got a few hundred thousand from business angels. Second, Anywayanyday obtained $5 million from Tiger Global. Then, Oktogo.ru received $5 million from Mangrove and Ventech. Recently, Travelmenu got $1.4 million from Almaz Capital and Runa [...]

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 [...]