Deals
Rocket-Backed Shopping Discount Platform Targets Asian Expansion
- CupoNation `actively looking' at Southeast Asian markets
- Startup says is able to reach profit this year, open to M&A
Andreas Fruth, managing director and co-founder of CupoNation.
Photographer: Ralf EttenhuberThis article is for subscribers only.
Rocket Internet SE-backed CupoNation GmbH plans to expand in Asia as the German startup that links shoppers with free coupons and discounts targets making a profit this year.
CupoNation is "actively looking” at new markets in Southeast Asia, Managing Director and co-founder Andreas Fruth said in an interview Tuesday. The company is seeking to at least double its sales this year after an increase of 184 percent to about 12 million euros ($13.5 million) in 2015, he said.