Search Results for: oktogo

Western and Russian investors bring $1 million to hotel booking site

May 2, 2011

Ostrovok.ru, an online hotel booking service launched last summer, announced last week it had raised $1 million from General Catalyst Partners, a US-based venture capital and growth equity firm, Kite Ventures, a Russian venture fund, and business angels who founded online travel services in the US and China such as Kayak and Qunar.com. The founders say …

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Online children’s goods retailer Babyboom.ru raises $900,000 from Western funds and angels

April 12, 2011

Babyboom.ru, a Russian children’s goods website, has raised $900,000 from investors including Index Ventures  and Team Europe Ventures as well as from business angels Chamath Palihapitiya, VP of Facebook, Fabrice Grinda, the founder of OLX, Jose Marin, the founder of IG Expansion and James Gutierrez, the founder of Progreso Financiero.

Russian online hotel booking system raises funds from Western and Russian VCs

April 7, 2011

Oktogo.ru, a Russian online hotel reservation company with its headquarters in St. Petersburg, is closing a $5 million round of financing with Western funds Ventech and Mangrove Capital Partners and Russian fund ABRT. The two Western funds confirmed the transaction to EWDN but did not disclose the startup’s valuation.

Ozon.Travel’s sales increase twentyfold on a booming market

March 17, 2011

Ozon.Travel, a specialized arm of leading Russian e-commerce player Ozon.ru, announced last Monday a twentyfold increase of its annual gross booking sales, from 44 million rubles in 2009, the year of launch, to 898 million rubles in 2010 ($1.47 million and $29.9 million, respectively).

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