Ostrovok.ru operates an online accommodation-booking service and mobile apps (iPhone, Android, iPad) that aggregate hotel inventory and offer booking options to travelers. The company has around 220,000 users on its mobile apps. It has signed global distribution agreements with Marriott, Accor, Rezidor and Fairmont, which it says helps offer more affordable prices for Russian customers traveling abroad. Ostrovok aims to expand internationally and position itself as a combined Hotels.com/Priceline/Booking.com. The company recently launched an iPad app and has garnered awards from National Geographic Travel and E-Travel Navigator. Co-founder Serge Faguet remains CEO after the recent departure of co-founder Kirill Makharinsky. Ostrovok.ru is a Moscow-based online hotel booking service founded in 2010 by Serge Faguet and Kirill Makharinsky that aims to be the Hotels.com/Priceline/Booking.com for Russia. The company is building hotel inventory across Russia — a capital-intensive effort — and says it intends to become a “multi-billion dollar company.” Ostrovok reports about 1 million unique visitors per month, a database of 25,000 hotels, 200 employees, and API partnerships with Yandex, Google, Megafon and Russian airline systems. The Russian online travel market is growing: the country has roughly 60 million internet users, and Russians spend $60 billion a year on travel and $20 billion on hotels, with online hotel share still small. Ostrovok previously raised a $13.6 million Series A two years earlier from Founders Fund and Atomico. Ostrovok is a Moscow-based, hotels-focused online travel website serving Russian consumers. Founded in late 2010 by Serge Faguet and Kirill Makharinsky, the company enables users to search and book hotel rooms around the world. It aims to build a simple, user-friendly online destination offering competitive prices on hotel bookings. The company completed a $13.6M Series A financing that increased its valuation to more than $35M. The funding is intended to support growth of its hotel-booking product and market presence.

Total raised

$51M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2014