OneTwoTripinvestorupsstakewith$5.8minvestment

Sweden-based investment company Vostok New Ventures has upped its stake in OneTwoTrip via the purchase of shares from an existing shareholder.

A statement from VNV says it now owns 14.6% of the company following a US5.8 million investment.

It also invested $2.5 million in the online travel agency last August and $4 million in late 2015.

Details were confirmed in VNV’s 2016 report published this week with a statement saying:

“OneTwoTrip has continued to deliver excellent results over this very rough patch in the Russian travel market."