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Exclusive – Groupon cuts back its Berlin office, up to 100 jobs could be slashed

Alex Hofmann May 16, 2013 5

Groupon’s Berlin base is undergoing a “restructuring” that involves its marketing department being pruned back, with as many as 100 jobs reportedly to be slashed at the company. Alex Hofmann reports… Go to Dublin or

Is the daily deals industry dead? Bownty says no with $1.1m investment

Charmaine Li April 4, 2013 1

Copenhagen-based daily deals startup Bownty today announced a $1.1m investment from Danish SEED Capital and Accelerace Invest, an accelerator and investment programme offered by Symbion. The funding will go toward European expansion, increasing brand awareness and

Andrew Mason is out as Groupon CEO: “As CEO, I am accountable”

Christina Farr March 1, 2013 2

Groupon founder Andrew Mason is out as CEO, according to a news release, and the company’s board is already on the hunt for a replacement. In the interim, executive chairman Eric Lefkofsky and vice chairman Ted Leonsis are in

Berlin deals startup Favor.it secures funding from Project A

Michelle Kuepper February 7, 2013 0

Favor.it, the iOS app that connects businesses with customers through offers and news that we called a “cool Groupon” in September, is now backed by Berlin-based company builder Project A Ventures. The company’s founders aren’t

Infographic: Show us the money – who has bagged the biggest exits in Europe?

Charmaine Li January 14, 2013 5

Where do the biggest European exits come from? Venture capital firm DN Capital has created, with the support of the European Private Equity and Venture Capital Association (EVCA) Digital Task Force, an infographic mapping the biggest European Venture-backed

Zalando, Xing, Rocket, Groupon, Project A – the secret employee reviews of 5 notable German companies

Charmaine Li January 10, 2013 3

Vienna-based employer assessment tool Kununu hit the headlines this week thanks to a multi-million acquisition by Xing. Similar to the US site Glassdoor, Kununu allows users to anonymously review employers on various factors such as work

Rocket Internet’s rumoured IPO – would it be madness or genius?

Michelle Kuepper January 8, 2013 24

The internet is abuzz with rumours, stemming from Brazilian-based blogger Thomas Baldwin, that Rocket Internet is preparing for an IPO. Baldwin, writing in his blog Tropical Considerations, claims sources at management level have confirmed the Samwer brothers’