+49%

est. 2Y upside i

Series B

Stage: exit. Country: Russia

Rank

#983

Sector

Online Travel Agency (OTA) / Travel Technology

Est. Liquidity

~2Y

Data Quality

Data: Low

Onlinetours offers high growth and profitability but faces significant geopolitical risk and competitive threat from Yandex.

Last updated: July 3, 2026

Bull (25%)+204%

If Onlinetours achieves IPO within 2 years and maintains high growth, exit multiple expands to 8x forward revenue, resulting in ~204% upside for common equity after preference.

Base (30%)+45%

Revenue grows to $24.3M, multiple converges to 4x (in line with public comps), yielding ~45% upside.

Bear (45%)-35%

Geopolitical and competitive pressures compress multiple to 2x, exit at $48.6M, common recovers ~65% of preference but still -35% from entry valuation.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

1286%

Total preferred liquidation preference is $9M, representing ~13% of estimated entry valuation.

Dilution Risk

low

Company is profitable and has not raised since 2014, suggesting low dilution risk.

Secondary Liquidity

none

No secondary market activity observed.

Questions to Ask at the Interview

Strategic questions based on onlinetours's data — designed to show you've done your homework.

  • 1

    “How do you plan to compete against Yandex Travel and other large incumbents?”

  • 2

    “What is the commission take-rate and unit economics per booking?”

  • 3

    “Given the uncertainty in valuation and geopolitical risks, what is the expected timeline to liquidity and how is the equity valued?”

Community

Valuation Sentiment

Our model estimates +49% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.