2014-05-29

Times Internet acquires majority stake in Mumbai-based CouponDunia

Times Internet has acquired a majority shareholding in Mumbai-based CouponDunia Media, which owns and operates coupondunia.com, the digital coupon marketplace connecting consumers with retailers and brands.

Times Internet acquires majority stake in Mumbai-based CouponDunia

Times Internet, the digital product company of The Times of India Group, has acquired a majority shareholding in Mumbai-based CouponDunia Media, which owns and operates coupondunia.com, the digital coupon marketplace connecting consumers with retailers and brands.

 

The coupon codes provider also operates in four other countries besides India. CouponDunia will retain its brand identity and will continue to operate under the leadership of CEO Sameer Parwani, who will work closely with Times Internet and other Times of India Group companies, the company said in a statement. Times Internet's existing deals site timesdeal.com will merge with CouponDunia.

 

With this partnership, CouponDunia is poised to emerge as the leading destination for online and offline deals across India. The combined service’s websites, mobile applications, e-mail newsletters and alerts and social media presence will enable consumers to search for, discover, and source the best offers from leading retailers and brands.

 

Satyan Gajwani, CEO, Times Internet said, “This investment continues The Times Group’s strategy of strengthening its position in digital media. We are excited at the prospect of leveraging Times’ resources, including TimesDeal’s existing local deals presence, to build an even more compelling value proposition for consumers with CouponDunia.”

 

Parwani, Founder and CEO, CouponDunia India said, “In a short span of under four years, CouponDunia has emerged as the leading Indian destination for digital coupons. We receive over 2 million visits a month and are driving Rs 500 crore purchases annually from over 1,500 online retailers and brands. With this partnership, CouponDunia will be better placed to offer even greater value to the consumer.”

Related opportunities
  • Career Counselling & Brain Programming
    Welcome to Aliff Overseas “Aliff” — the first letter of Arabic..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2021
    Investment size Rs. 5lakh - 10lakh
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • The Vedanta Sanskaarshaala brochure outlines the vision, expansion plans, and..
    Locations looking for expansion Punjab
    Establishment year 2020
    Franchising Launch Date 2024
    Investment size Rs. 20lakh - 30lakh
    Space required 4500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ludhiana Punjab
  • Tea And Coffee Chain
    Founded in 2018, Rage Coffee is a fearless, original &..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gurugram Haryana
  • Others Food Service
    Top Up GoliSoda (Shubhi Sudh Trading Co. Pvt. Ltd.) is..
    Locations looking for expansion Madhya pradesh
    Establishment year 2024
    Franchising Launch Date 2024
    Investment size Rs. 10lakh - 20lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads