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Aviasales attracts $10m investment for expansion and mobile development

02/12/2014| 12:33:13 PM| 中文

More developments in Russian online travel this morning with news of $10 million in funding for Aviasales.

The investment in the flights and hotels metasearch specialist comes from iTech Capital which is taking a minority stake in the company.

The money is earmarked to develop the service further, expand the team (currently 80)and develop other areas of the business including sister-brand JetRadar, a recently launched Thai version and hotel metasearach service Hotellook.

Creating a mobile version of the site is also part of the strategy.

Read full story at: http://www.tnooz.com/article/aviasales-gets-%2410m-investment/

TAGS: Metasearch | Aviasales | Financing | Flight Distribution
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