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§ Private Profile · Moscow, Russian Federation
Ostrovok.ru is a company.
Ostrovok.ru has raised $50.6M across 3 funding rounds.
Key people at Ostrovok.ru.
Ostrovok.ru has raised $50.6M in total across 3 funding rounds.
Ostrovok.ru operates as an online travel platform, specializing in hotel and accommodation bookings. Its core product is a digital marketplace aggregating a vast inventory of diverse lodging options, enabling users to efficiently search, compare, and reserve properties. The company aims to provide a comprehensive and user-friendly booking experience for domestic and international travelers.
Founded in 2011 by Serge Faguet and Kirill Makharinsky, the company emerged from an insight into the growing demand for accessible online travel services, particularly in evolving digital markets. Makharinsky's background in technology startups informed the platform’s early strategic and technical development.
The platform primarily serves individual travelers seeking convenient and reliable lodging, with a strong presence in Russia and expanding international reach. Ostrovok.ru's vision centers on enhancing its technological capabilities and expanding its global accommodation network, aiming to simplify the travel booking journey and solidify its position as a leading online travel resource.
Key people at Ostrovok.ru.
Ostrovok.ru has raised $50.6M across 3 funding rounds. Most recently, it raised $12.0M Other Equity in June 2014.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 18, 2014 | $12M Venture Round | Vaizra Seed Fund | — | Announced |
| Mar 26, 2013 | $25M Series B | General Catalyst | Edward Kaufman, Erik Blachford, Shervin Pishevar, Yuri Milner, Accel, Frontier Ventures | Announced |
| Jul 12, 2011 | $13.6M Series A | Jeremiah Daly, Joel Cutler | Brad Gerstner, Erik Blachford, Esther Dyson, Felix Shpilman, Fritz Demopoulos, Gregg Brockway, James Hong, Mark Pincus, Naval Ravikant, Niklas Zennström, Peter Thiel, SAM Shank, Sebastien DE Halleux, FON, Founders Fund | Announced |
Ostrovok.ru has raised $50.6M in total across 3 funding rounds.
Ostrovok.ru's investors include Vaizra Seed Fund, General Catalyst, Edward Kaufman, Erik Blachford, Shervin Pishevar, Yuri Milner, Accel, Frontier Ventures, Jeremiah Daly, Joel Cutler, Brad Gerstner, Esther Dyson.
Ostrovok.ru is a Moscow-based online travel company founded in 2010 that provides hotel booking services, offering over 2.5 million accommodations across 220 countries and territories.[1][3] It serves primarily Russian consumers but has expanded to business travel solutions like Ostrovok.ru Komandirovki, enabling corporate clients to book hotels, tickets, insurance, transfers, and manage reporting in one platform, with 23,000+ clients and features such as cashback in loyalty points and ruble payments for international trips.[1][4] The company solves pain points in the fragmented travel industry by leveraging technology for automation, accessing rates from hundreds of suppliers, and minimizing human error, while generating $9 million in 2024 revenue (with some estimates at $49.6 million) and raising $50.6 million in funding.[1][3]
Once Russia's fastest-growing online travel company, Ostrovok.ru has shown growth momentum through team expansion to 144-901 employees and a focus on both consumer and B2B segments, positioning it as a leader in domestic hotel bookings per Similarweb rankings.[1][2][3][5]
Ostrovok.ru was founded in 2010 in Moscow by a team of professionals from top tech and travel firms, including co-founder and CEO Serge Faguet (ex-Google, Stanford GSB, TokBox where he raised $14M from Sequoia and others), President/co-founder Kirill Makharinsky (ex-YouNoodle, Slide), Evgeny Qurishev (top Yandex engineer), and Andrew Pyner (ex-CEO of Booking.com Russia).[2] The idea emerged from their expertise in ecommerce, analytics, and travel tech, aiming to bring efficient online hotel booking to Russian consumers amid a complex global industry.[1][2]
Early traction came from rapid market entry over 10 years ago, building a collaborative team united by shared values and a shareholder mentality, which fueled professional growth and tech-driven automation.[1] Pivotal moments include securing $50.6M in funding across three rounds (most recent $12M) and evolving into a full-service provider with corporate tools after 15+ years on the market.[1][3][4]
Ostrovok.ru rides the digital transformation of travel, particularly in emerging markets like Russia, where online bookings surged post-2010 amid rising internet penetration and mobile adoption.[1][2][5] Timing mattered as it entered early, capitalizing on ecommerce growth from pros like ex-Google and Yandex talent to disrupt traditional agencies (NAICS 5615, SIC 472).[1][2]
Market forces favoring it include demand for automated, affordable global access amid geopolitical shifts enabling ruble-based international payments, plus B2B needs for streamlined corporate trips.[4] It influences Russia's ecosystem as the top domestic hotel site, fostering travel tech innovation through its model of supplier aggregation and automation, while competing with globals like Booking.com.[2][5]
Ostrovok.ru is poised to deepen B2B dominance via Komandirovki's 23,000+ clients and expand tech automation amid rising corporate travel post-pandemic.[4] Trends like AI-driven personalization, mobile-first bookings, and regional payment resilience will shape it, potentially boosting revenue beyond $49.6M estimates through loyalty programs and global supplier ties.[1][3][4]
Its influence may evolve by setting standards for automated travel in non-Western markets, humanizing tech via expert founders while scaling to influence broader Eurasian ecosystems—reinforcing its origin as Russia's trailblazing online travel pioneer.[2]
