Oktogo.ru confirmed the fact of a touristic portal Travel.ru purchase

Oktogo.ru confirmed the fact of a touristic portal Travel.ru purchaseInternet-company Oktogo.ru, providing services of online-booking of hotels, has purchased a touristic portal Travel.ru approximately for $2M.

Joint audience of portals comprises about three million unique visitors per month. Thus, after acquisition of the portal, Oktogo.ru expects to become one of the largest touristic online services.

Deal information firstly appeared in the mid of August, however at that moment companies did not comment this fact.

On the portal Oktogo.ru it is offered 5 thousand Russian and 250 thousand foreign hotels, audience of the portal comprises about 1 million of people per month. Since 2011 till 2013 the Company attracted $26M of venture investments from VTB Capital, Mangrove Capital Partners, Ventech and ABRT.

The portal Travel.ru offers expert information for travelers, created by editors and users. Founded 15 years ago, the portal is the oldest on Russian touristic online-market.