Posted under Startups
from 1830 days ago

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 Cherry the number one e-commerce player in the Baltics overall, according to the company.

Cherry operates daily deals sites in Estonia, and in Latvia and and in Lithuania, through which it shifted 1.2 million vouchers in H1 2012.

Its dominance of the daily deals sector is further demonstrated by market share in the month of May, citing ...


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