Almaz Capital Russia Fund I and Runa Capital invest $1,6 mln. in Travelmenu

Almaz Capital Russia Fund I and Runa Capital invest $1,6 million in Travelmenu

Venture fund Almaz Capital Russia Fund I, created with support from Cisco, and Runa Capital, invest $1.6 million in the online travel agency Travelmenu.

Travelmenu offers a guarantee of better rates in 277 000 hotels, 500 airline companies and tours in 193 countries from 70 tour operators. Customer can choose the most convenient payment option - through the site by credit card , via the payment system PayPal, Yandex.Dengi, WebMoney, Contact, Qiwi or cash in one of the offices of travel agency partners. Offices of the company work in Russia and Ukraine.

Alexander Galitskii, managing partner of Almaz Capital Partners, explains the choice: "We were looking for a project in the online travel industry with a highly active team. In the face Travelmenu we have found a company that takes the best position in a growing market of online travel services and can claim to its large share. "

The market ows it’s to macroeconomic factors - an increase in welfare of the people, increasing Internet penetration and development of online payments as well as the continuing trend of improvement of visa conditions for the Russians. We are confident that the vast experience of the team of Travelmenu will allow the company to become a leader in online travel industry and to increase significantly the shareholder value."