Cuponation goes to Spain

Media News

New Delhi, April 16, 2013

A Rocket Internet venture Cuponation, the leading online couponing site recently announced its official launch in Spain. The country is set to be a gateway to Europe for Cuponation as the largest platform for discounted coupons. Europe is going through an economic slowdown and this makes discounted coupons the ideal way to go about shopping online. These coupons are easily redeemable directly on the website of leading brands.

This business model is not well known yet in Europe but in the U.S. it represents an annual consumption of 3,000 million coupons and a market volume of 20,000 million. The company is operational in other countries like Austria, Brazil, India, Italy, and Poland and, after its arrival in Spain; is set to launch in nineteen other countries.

Sahil Shah, co-founder & MD, CupoNation said, “Our successful business experience with other countries, insightful understanding of e commerce and the presence of leading brands on our site assures us of a great response in Spain as well. The concept of CupoNation.in is unique to Spain, but is sure to favour development in the face of the economic crisis in Europe by boosting consumption.”

CupoNation CEO of Spain, Pedro Claveria, is very pleased to conduct this business in Spain. “For the launch, we have the support of nearly 200 brands that we hope to duplicate soon. Our initial investment and deep knowledge of the industry in countries like India, Brazil or Italy makes us optimistic about our expectations and we are sure to confirm success in the coming months," said Claveria.

CupoNation is supported by a total investment of 11 million euros of capital by Rocket Internet Venture. The Spanish version of the company will provide discounted coupons in Spain on renowned brands like El Corte Inglés, Fnac, Casa del Libro, Imaginarium, GlossyBox, Prenatal, Moleskine, Vodafone, Carrefour, E-darling, Just Eat, L'Occitane, Life is Beautiful, The Body Shop, Yves Rocher, Botegga Green Bazar Textile or Women 'Secret among others and over 300 coded deals already.

Now all the best discounts available on the internet come to Spain with Cuponation to cumulate into an excellent shopping experience with best prices!

For further information, please contact:

Value360 Communication

Kavita Yadav

Mobile: +919873884498

Email: kavitayadav@value360india.com