Thursday, October 27, 2011

AnyWayAnyDay.com share bought for $ 10 million

Investment fund Tiger Global Management has acquired 40% stake in the project anywayanyday.com, conducting online sales of electronic air tickets in Russia and CIS countries. Received funds, as reported by the representatives of anywayanyday.com, will be channeled to the development of the project. The newspaper Vedomosti, citing Kirill Podolsky, chairman of the board of directors anywayanyday, calls the transaction amount of $ 10 million press office of the project does not comment on these data. However, representatives of service estimated annual turnover anywayanyday.com (for 2009) $ 15 million, while revenues for the first half of 2010 - a $ 17 million online reservation of implementing e-ticketing, more than 500 airlines, as well as allows book seats in hotels worldwide. Kirill Podolsky, chairman of the Internet project anywayanyday.com, explains, wherever the money from the sale of shares in the project: "We plan to increase our share of the market, sales of electronic tickets, as well as begin the process to develop and launch new products under the brand anywayanyday . In the face of Tiger, we obtain reliable and experienced partner that will certainly help us to begin a new round of development. " "The market for online-ticket sales in Russia will increase significantly in the near future, and we hope that anywayanyday will play a prominent role in this segment," - commented on the deal, Scott Schleifer, Managing Director, Tiger Global Management. Dmitry Gorin, commercial director of "VIP service" in an interview with Vedomosti estimated total turnover of the Russian market of online trading in airline tickets in the $ 600 million annual turnover anywayanyday.com, according to Dmitry Gorin, is $ 6.5 million

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