New-Delhi, March 24th 2014 – CupoNation, the leading savings platform worldwide, today announced that its revenue in India trebled in the last quarter of 2013. Throughout 2013, CupoNation distributed over 5 million coupons enabling users to save USD 10M while shopping online With more than 1M visits per month on average throughout 2013, www.cuponation.in is now the most popular coupon platform in India.
With over 74 million Internet users, India is now the third largest internet population worldwide, where online shopping becomes increasingly popular. At the same time, the desire to make bargains on the internet amongst Indians increases. According to a study by CupoNation already 85% of Indians used vouchers before when shopping online. This explains why the Indian market for online coupons already accounted for more than USD 2 billion in 2013 and is expected to grow by further 30% until 2017.
Sharique Khan, managing director of CupoNation India: “The current market conditions in India are perfect to grow our business as we can see from our business numbers. Interestingly, already 17% of the traffic on our website in India comes from mobile devices which underlines the role of M-Commerce in the future. Also, when looking at the shopping behavior of our Indian customers, we see some exciting results: While 73% of women use CupoNation vouchers to buy fashion, jewelry and shoes 67% of men are using travel and electronics coupons.”
CupoNation India (http://www.cuponation.in/) allocates all available online coupons and vouchers from more than 600 online retailers and enables customers to easily find discounts when shopping online. The portfolio includes the leading online shops for electronics, fashion, services, wellness, travel, literature, jewelry and many more. All coupons and vouchers from Indian online retailers such as Amazon, Expedia, eBay or Jabong are available for free and always up to date. By clicking on the deal users are redirected to the retailer´s website where they can fill in the voucher code so they get a discount on their online purchase.
About CupoNation
The coupon portal CupoNation (www.cuponation.com) offers coupons and vouchers from the leading online retailers. It was founded by Adrian Renner, Andreas Fruth und Gerhard Trautmann in 2012 and now is available in Austria, Germany, Poland, Italy, Spain, Sweden, Finland, Norway, France, Russia, Brazil and India. CupoNation collects all available online coupons on one website and allows customers to discover discounts in the respective online shops. All coupons are available for free and without registration.
For more information visit: www.cuponation.com
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