Russia's Growth Leads Yuri Milner Back As Ostrovok Takes $25M From General Catalyst, Accel and Others

It's often difficult to discern the mind of Yuri Milner. Despite building his investments out of Russia initially, he hasn't invested in a startup there for over there years. What's luring him back? No doubt the enormous growth and potential of the market there. So it's not a huge surprise that he's invested in one of Russia's hottest startups today, hotels booking service Ostrovok.ru which has pulled in a $25 million Series B round. Ostrovok may now be the best funded startup in Russia. However, then putting boots on the ground to build up the hotels inventory - which is really only just coming online in Russia - is a very capital intensive business.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/wI8yXURFq8M/

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