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Russian OTA OneTwoTrip raises $9 million in funding one year after launch

Excerpt from TechCrunch

Sep 06, 2012 8:56 am

Skift Take

The site has continued to grow due to online tourism gaining traction in Russia around the time of their launch, and by offering an integrated flight search similar to Hipmunk’s “Agony” feature.

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Moscow-based online air travel booking startup OneTwoTrip announced this morning that it has raised $9 million in funding from Phenomen Ventures fund in exchange for a minority stake. The site offers Russian travellers a way to book their flights online, providing price comparisons and choice of airline.

In terms of differentiating itself, OneTwoTrip is banking on a sophisticated search engine that uses flight ratings broken down by airline which incorporates delay frequency, cancellation occurrences, space in the cabin and between seats and how old the aircraft is, as well as providing savings that it claims have amounted to over $1 million overall for its customers since launch.

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