Oktogo buys Russian review site Travel.ru, claims to now be largest service in the country
Some signs of consolidation in the burgeoning online travel sector in Russia as the heavily-backed Oktogo snaps up the 15-year-old review site Travel.ru.
The deal is undisclosed officially, but those familiar with the deal claim it is in the region of $2 million.
The hotel booking site, which has attracted some $26 million in funding in its reasonably short, four-year history, says its combined traffic with Travel.ru will be around three million monthly unique visitors.
This, it reckons, will make it the “largest online travel destination for Russian travelers”.