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Spanish group buying site Groupalia lands another 5 million euros

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Groupalia, a Spanish group buying site, has raised 5 million euros in its second institutional round after securing 2.5 million euros back in May.

Again, the funding comes from Nauta Capital, and Caixa Capital Risc, Spanish bank la Caixa’s venture capital division.

Previous angel investors also participated in the round, namely Groupalia CEO Joaquin Engel in tandem with Lucas Carné and Jose Manuel Villanueva (the founders of Privalia, another Nauta portfolio company).

Groupalia is a site that features a daily deal, in the form of a discount coupon, on the best things to do, see, eat and buy in the cities where it is present.

The company says the extra capital will be used for its planned expansions in Latin America and Southern Europe in the forthcoming months, and to help consolidate its business in the countries where it already has a presence: Spain, Italy, Brazil, Mexico and Argentina.

Its stated goals for 2010 is to attract 2 million users (it boasts 1 million today) and reach turnover of five million euros. Groupalia has 100 employees.

  • http://crunchynow.com Crunchynow

    Great and superb buyers…

    nice info…..

  • Steph

    Despite all the hype surrounding the company, it is not surprising that a web based retail company is burining cash during a recession. The growth plans sound sceptical…..

  • eRu

    Is a Catalan Group!

    • Juliopp

      @eRu
      A) Maybe Catalonian?
      B) Where do you think Catalunya is?
      ¬¬*
      Hasta la fecha, cataluña es españa.

  • http://www.todostartups.com/actualidad/inversiones-y-adquisiciones-en-startups-ii Inversiones y adquisiciones en Startups (II) | TodoStartups - Startups y Negocios en Internet.

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  • Pepe

    Take a look to the following simplified P&L :

    1) Uniques 2,000,000 million users stated goal for 2010
    2) Conversion rate 10% asumption1
    3) Monthly Buyers 200,000 users = 1) * 2)
    4) Average Spend €50 asumption2
    5) Total Revenue €10,000,000 = 3) * 4)
    6) Gross Margin (%) 50% asumption3
    7) Gross Margin (€) €5,000,000 = 5) * 6)
    8) Marketing (%) 30% asumption4
    9) Marketing (€) €1,500,000 = 7) * 8)
    10) Gross Margin net Marketing €3,500,000 = 7) – 9)

    These numbers show how to make 10 millions in revenue and the economics of a good business to be in, but anything below that makes the valuation of this company not very attractive to investors on a five year horizon basis. I can post here a quick NPV to show what I mean ….

    Any comments, ideas..?

    Cheers
    Pepe

  • http://www.cuponeslocal.com Guias Local

    This is great news for when we launch our Group Buying site CuponesLocal.com which translated means “Local Coupons”.

    We are targeting same countries and cities as Groupalia.com except Italy. We are replacing Italy with USA and Puerto Rico.

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    […] الشركاء في المشروع والمشاريع الفهرس. الجولة يتبع € 5000000 الاستثمار المضمون مرة أخرى في أكتوبر 2010 و € 2500000 جولة […]

  • http://www.cygnismedia.com/social-media-application/ social media application

    its Great information i wasn’t know about it .. really.. 

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