Tokyo, July 9, 2010 - (JCN Newswire) - Piku Media KK, operator of Japan's first daily deal website, Piku.jp, today announced that it is raising an additional 650 million yen from domestic and international institutional investors. Earlier this year Piku raised 250 million yen from Rebate Networks to fund its rapid nationwide expansion in Japan. In addition to Rebate Networks, investors in the current round include several major Japanese venture capital firms such as Global Venture Capital KK and DIT Partners KK.
Piku's business model spotlights the latest net-marketing method known as flash marketing which is currently being used to promote Piku throughout Japan. "This capital increase will enable us to vigorously develop our service in all 47 prefectures of Japan," commented Dave Mori, CEO and co-founder of Piku. "It will also help us continue to provide the best experience for our participating business partners and customers."
About Piku Media KK
Piku Media KK was established in November 2004 and operates Japan's first discount coupon business leveraging group buying dynamics and social networks. Piku currently features a daily deal on attractive services and products in 47 areas throughout Japan. Piku uses collective buying power to offer unbeatable prices that provide a win-win situation for both businesses and consumers. For more information visit http://www.piku.jp.
About Rebate Networks
Rebate Networks GmbH was co-founded by successful serial entrepreneurs, Michael Brehm and Stefan Glaenzer, and supports daily deal sites around the globe. Rebate Networks has invested in dailydeal.de in Germany, lashou.com in China, and piku.jp in Japan. Before running Rebate Networks, Michael was a managing director at studiVZ.net where he helped to build the company into Germany's largest social network. Stefan co-founded Ricardo, Eastern Europe's largest auctioning firm, and last.fm, a global music service. He is currently the CEO of White Bear Yard, a venture hub based in London.