Groupon Acquires Majority Stake In Darberry and Qpod
Groupon has acquired a majority stake in their Russian and Japanese counterparts. Expecting to make $500 million this year, Groupon now has a significant ownership in Qpod of Japan and Darberry of Russia. This is in addition to Groupon’s acquisition of Germany based counterpart City Deal. As a result of the investment, both companies will be named Groupon as well. Groupon is a business that thrives on offering daily local deals based on bulk customer actions.
Groupon will now offer daily deals across 230 markets and 29 countries. Groupon is also flush with VC money as they have received $135 million from DST and Battery Ventures plus another $35 million across separate rounds. Groupon has a $1.35 billion valuation.
[WSJ]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry