Runa And Almaz Invest Again In Travelmenu

The Almaz Capital Russia I fund, along with Runa Capital, have invested in Travelmenu.ru. Pegged at USD 1 mln, this round of financing is yet to be closed. There have also been several changes in management of late, the key one being Nina Pogossova doffing the CEO garb for that of non-executive Chairman. Katrin Buckenmaier, the new CEO, is a Harvard MBA and former employee of Lastminute.com. The Russian travel industry is specially attractive to investors as it is not plagued by the perils of online piracy or logistics nightmares; the market leader, AnywayAnyday posted earnings of USD 200 mln this past year.  Travelmenu too has an impressive customer base of 250,000 who have already used its services.