This week has seen some interesting movements within the daily deal industry.
UK Aggregator Coupobox sells to DealCollector
UK Aggregator Coupobox announced that it has sold to DealCollector. This shows signs of consolidation within the European market. Stavros Prodromou, the founder and former CEO of Coupobox, highlights the sales were in the lower six figure range. Prodromou also notes that Coupobox has been highly profitable within its two-man team.
DealCollector formed its ground within the German market and with this purchase will now continue expansion into the UK. said Mathias Jacobs, CEO of DealCollector, released in a statement, “Our acquisition of Coupobox will bolster the company’s position in the daily deal sector and enhance our strategic partnerships; it’s an exciting prospect for DealCollector”. DealWatch is awaiting response from DealCollector, however, estimates provided suggest DealCollector has a subscriber base of near 1 million.
Coupobox founded in 2010, by Tolga Oenal and Alex Petrov claims to be quite profitable, however, with a subscriber base of near 60,000 we think otherwise.
Groupon falls to a depressing 50% Initial IPO value as lockup ends
Despite all efforts to become the “platform for local commerce“, GroupOn closed friday afternoon at 9.69$, near 50% of its initial public offering back in November. GroupOn is renowned for having one of the highest offerings from Google back in 2010, valued at over $6 billion.