PricePanda gets $3m from Tengelmann for SE Asia expansion
Rocket Internet’s price comparison platform, PricePanda, has raised $3 million from German retailer Tengelmann Group to expand its Southeast Asia footprint. It currently operates in Malaysia, Philippines, Indonesia and Singapore.
Since it was launched in 2012, PricePanda claims to have redirected 1 million users to other stores' websites. The site earns money through cost-per-click advertising from merchant partners and offers...
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