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Groupon is Stocking Up

Groupon is showing just how popular the combination of online-couponing with local search really is. The Chicago based newbie can definitely celebrate over a heavy chunk of cash from the Russians – namely $135 million.
DST, the main investor, is the largest internet investor in Russia and in Eastern Europe. This certainly isn’t the first time the Russians have been probing the US markets with cash injections. They’ve already had a combined investment in Facebook and Yelp for $180 million, without any major hitches. The coupon provider hopes to expand their North American market with the nice little sum of cash. Groupon is currently active in 50 cities and expects this number to double by the end of the year. The business model is to offer coupons for random offers in a given city, but only when enough interested parties are unified. Mashable estimates the net worth of Groupon to be about $1 billion.

Groupon is Stocking Up

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