The Emerging Travel Group, whose brands include Ostrovok, RateHawk and ZenHotels, has raised $10 million in funding.
The round is led by technology entrepreneur Lev Leviev and the family office of Igor and Dmitri Bukhman, co-founders of game development company Playrix.
The funding will go towards accelerating the group’s expansion, with particular focus on its RateHawk B2B brand.
RateHawk launched in 2016 as an online hotel booking platform for travel professionals.
According to a statement it now provides access to more than a million accommodation units via its API and web portal.
The statement adds that RateHawk’s turnover grew by more than 300% in 2018.
Felix Shpilman, Emerging Travel Group’s CEO, says: “We intend to focus on the product, localization, and customer support to make RateHawk the default booking engine for any travel professional worldwide.”
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