Australian Groupon Foe Raises Funding at Valuation of $200 Million
CatchOfTheDay, an Australian online retailing group, operates e-commerce site CatchOfTheDay.com.au and daily deal site Scoopon.com.au. The social shopping platform raised an undisclosed amount of funding. Estimates are around $80 million, valuing the company at $200 million.
CatchOfTheDay, an Australian online retailing group, operates e-commerce site CatchOfTheDay.com.au and daily deal site Scoopon.com.au. The social shopping platform raised an undisclosed amount of funding. Estimates are around $80 million, valuing the company at $200 million.
You may recall Scoopon as the reason for Groupon to sue CatchOfTheDay because Scoupon used Groupon.com.au domain name. The company even squatted by registering the company under the name Groupon Pty Limited, and then made an effort to register the Groupon trademark in Australia.
The case will have its day in court as a 5-day hearing beginning on August 1, 2011.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in