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July 17, 2012 02:27 pm GMT
Groupon-style group buying is alive and well in the Baltics it would seem. Cherry Media, the largest daily deals operator in the region, has put out some impressive numbers today: In the first half of this year, the two-year old startup has sold 12.48 million worth of partner merchants services and goods, more than double the 5.85 million sold in the same period last year. Furthermore, 2012 sales in total are projected to be in the 26-29 million range, making Cherrythe number one e-commerce player in the Baltics overall, according to the company.Cherry operates daily deals sites Cherry.ee in Estonia, Cherry.lv and CityLife.lv in Latvia and Beta.lt and Grupinis.lt in Lithuania, through which it shifted1.2 million vouchers in H1 2012.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HjC2-7hPKsA/
Group Buying In The Baltics: Cherry Media Claims Top E-Commerce Spot
Groupon-style group buying is alive and well in the Baltics it would seem. Cherry Media, the largest daily deals operator in the region, has put out some impressive numbers today: In the first half of this year, the two-year old startup has sold 12.48 million worth of partner merchants services and goods, more than double the 5.85 million sold in the same period last year. Furthermore, 2012 sales in total are projected to be in the 26-29 million range, making Cherrythe number one e-commerce player in the Baltics overall, according to the company.Cherry operates daily deals sites Cherry.ee in Estonia, Cherry.lv and CityLife.lv in Latvia and Beta.lt and Grupinis.lt in Lithuania, through which it shifted1.2 million vouchers in H1 2012.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HjC2-7hPKsA/
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