East-West Digital News 7 September 2012
Onetwotrip.com, a rising star in the Russian online travel market, has just raised approximately $9 million from Phenomen Ventures, yielding a minority stake to the fund. The startup’s valuation has not been disclosed, but the Russian business daily Kommersant reported it might be in the range of $70 million.
Onetwotrip was launched in May 2011 by Petr Kutis, who previously co-founded Anywayanyday.com, which is now a direct competitor of Onetwotrip. Last July, according to ComScore data cited by Kommersant, the site attracted 157,000 unique users, compared with 400,000 Anywayanyday users.
Onetwotrip claims to sell more than 3,500 tickets per day, with a turnover of $30 million in June, according to the company, which could reach $400 millon this year – the same order of magnitude as Anywayanyday. The site’s profitability indicators remain undisclosed.