East-West Digital News 6 Mar 2012
Last week, Yandex announced it will provide seed funding to TimeBooker, an Israeli startup which intends to serve small and mid-sized service companies with an innovative booking solution.
The seed funding, which industry blogger Yakov Sadchikov thinks is “in the range between $50,000 and $100,000,” will be brought under the Yandex.Factory program.
The Yandex.Factory team praised TimeBooker’s creators, who developed a “unique mathematic model that can have service costs vary depending on the quantity of bookings.”