Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Hotel Reservation Service Ostrovok.ru Expands Its Business
30.06.2014 11:49
Hotel Reservation Service Ostrovok.ru Expands Its Business
(Source: http://mungojerrie86.livejournal.com)

Hotel reservation service Ostrovok.ru is going to spend 12 million dollars attracted from Vaizra Capital for expansion of the worldwide hotel base and the company's development. 

      "The new investment will allow us to provide "Ostrovok" customers more accommodation facilities at lower prices," the service CEO Sergei Faghe noted in his interview with RBK. To note, Vaizra Capital Foundation belongs to Vyacheslav Mirilashvili and Lev Leviev who were co-founders of VKontakte social network. After the transaction, the Ostrovok.ru board of directors will include one of the venture’s first investors Fritz Demopoulos, who is also a co-founder of Qunar, the largest hotel reservation and ticketing service in China. As the press release notes, in total "Ostrovok.ru" has attracted more than $ 50 million from private and institutional investors. 

      Among those who invested in the company, the service named Yuri Milner. He and Alisher Usmanov own a group of DST Capital funds, which owns shares of the leading Internet companies, including the Chinese online retailer Alibaba Group. Among the investors of Ostrovok.ru were also funds of General Catalyst Partners, Frontier Ventures and Accel Partners. 




Author: Anna Dorozhkina

Tags: VKontakte Ostrovok    

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Russian women  TNK-BP  Hermitage Museum  Russian Franchises  Kaliningrad Region  pedestrian bridge  Alexander Pushkin  North Pole expeditions  Exhibitions in Moscow  Russian International  Vologda  Czech Airlines  Mercedes-Benz Fashion Week Russia  Russian science  Russian business  Russian medicine  Virgin Mary  federal budget  Russian Cinema  Kuskovo  Restoration  chess  human rights  Russian tourism  New Year  Russian Rock Music  Cancer  Music Boxes  Giulio Di Sabato  Lara Fabian  Nizhny Novgorod  Vladimir Kolokoltsev  Sokolniki Park  Russian robots  Kabardino-Balkaria  VDNKh  Pussy Riot,  Russian scientists  Mother Teresa  Engraving  Russian economy  Air Code of the Russian Federation  Moscow  tickets  Art Exhibitions  Russian designers  St. Petersburg  the Crimea  Altai  Republic of North Ossetia 


Travel Blogs
Top Traveling Sites