COMPANY PROFILE

CityDeal

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Daily coupons and deals for different activities like events, restaurants, wellness, traveling and shopping

Berlin, GermanyFounded 2009eCommerce & Marketplaces

Valuation $100–500M Latest valuation · 2010

Revenue $50–100M Latest reported FY

Total funding $0–10M Disclosed equity funding

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About CityDeal

Citydeal.de, operating under the Groupon brand, is a dynamic marketplace that connects local businesses with a vast customer base. The platform serves small to medium-sized enterprises (SMEs) by offering them a venue to promote their products and services to a broader audience without any upfront costs. By leveraging real-time mobile commerce, Groupon helps customers discover new experiences, live events, and travel destinations, thereby enriching their lives.

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Groupon's business model is centered around forming strong partnerships with local businesses, which are considered the backbone of successful communities. The company generates revenue through a commission-based structure, taking a percentage of the sales made through its platform. This model not only drives incremental sales for businesses but also enhances brand awareness and customer engagement.

The primary market for Groupon includes local businesses across various sectors such as retail, hospitality, entertainment, and travel. The platform boasts a loyal customer base of 34 million active users, making it an attractive proposition for businesses looking to expand their reach.

Groupon also emphasizes social responsibility, inclusion, and diversity, celebrating and supporting the LGBTQIA community and other minority groups. The company is committed to creating a positive impact on the communities it serves by promoting businesses that uplift their local areas.

Source: Dealroom company data