Germany-based discount e-commerce platform CupoNation has secured €10m ($11.3m) in a series B round featuring e-commerce holding company Rocket Internet and telecommunications firm Deutsche Telekom.
Holtzbrinck Ventures, the venture capital firm spun out of publisher Georg von Holtzbrinck, also invested, as did New Enterprise Associates, E.ventures, Ru-Net, Silicon Valley Bank and Columbia Lake Partners.
Deutsche Telekom participated through its Deutsche Telekom Strategic Investments subsidiary.
Launching its first platform in India in 2012, CupoNation builds platforms to facilitate savings at roughly 25,000 online stores and brands. It plans to use the new funds to extend into new markets and to support growth in more than 20 locations in which it currently operates.