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).