Our favorite digital coupon group buying site Groupon has cemented its foray into Japan and Russia today with the acquisitions of Japanese and Russian deals sites Qpod and Darberry respectively. Groupon has a tendency to acquire and rebrand its better outfitted clones, most recently buying the German startup Citydeal as an outpost of its European expansion.
Groupon, which has the dubious distinction of being a startup with a built in business model, recently raised $135M in Series C funding lead by DST and Battery Ventures. The site also just launched “personalized deals,” which are also in line with the company’s push towards expansion.
Groupon Japan and Groupon Russia are the latest notches in Groupon’s belt of world domination; The company now serves up deals to more than 13 million subscribers in 29 countries and employs more than 1,200 people worldwide.
When asked at last month’s Social Currency CrunchUp about reports that the coupon company is now generating $1 million in revenue a day, Groupon CEO Andrew Mason did not confirm, responding, “it’s a cool business”.
Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...
Sponsored Ads
Sponsored Ads
Sponsored Ads
