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DST May Invest in Groupon at Over $1 Bilion Valuation

Files under: News
Posted by: Quintura @ 04:58 [14. 04. 10]

Russia’s leading Internet investment holding, Digital Sky Technologies (DST) may be the lead investor in a deal-of-the-day website Groupon‘s new round of funding valuing Groupon at $1.35 billion, has reported TechCrunch.

In December 2009, Groupon raised $30 million from Accel Partners and previous investor New Enterprise Associates. The pre-money valuation was $250 million at that time.

DST invested in two of Accel Partners-backed companies, Facebook and Zynga last year.

Launched in November 2007 as The Point, the company changed its name to Groupon and re-focused in 2008. Groupon is localized in major cities in the U.S. with a goal to reach 100 cities by the year-end.

Groupon‘s business model gets copied and funded rapidly elsewhere.

In Germany, there are Mangrove Capital-backed Daily Deal and Samwer brothers, Holtzbrink and eVenture Capital-backed City Deal.

In Russia, Groupon is copied by Biglion (Биглион), Darberry (ДарБери) and KupiKupon (КупиКупон).

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