Marina Kolesnik, CEO of (Oktogo), said in a statement that the company’s goal is to become the top travel brand in Russia, a market that is expected to exceed $10 billion in 2013 and double that by 2016, according to PhoCusWright. When Oktogo raised $11 million in March we said it was planning to raise a further $40 million this year. The company confirmed it has raised fresh funding that will be ”invested into brand building,” but it did not disclose the amount. Get the full story at The Next Web Read also "Russian hotel and travel booking site bags $11 million round" at The Next Web