Timescenery, a Russian startup that offers “a new approach to travel, leisure, personal and business time management,” has raised $600,000 from RIO, a Moscow-based asset management company.
The investor has received a 15% stake in the company, which has been valued at $4 million, Rusbase reported last week, citing representatives from the startup and from the investor.
The capital injection will be used to expand the travel service offer both domestically and globally. Timescenery also plans to launch new offers in the field of ticketing and taxi transport.
Encompassing “all trips and day-to-day plans,” the Timescenery application explores a city and displays on the map road trips, walks, public transport with optimal routes. It also provides intuitive graphic charts to compare convenient flights and avoid long layovers. A time management feature allows users to “never forget any detail without memorizing” and “visualize flights, hotel check-ins, walks and dinner in detail.”
The startup business model is based on commission fees paid by travel service providers.
Sources: Timescenery, Rusbase.com
