Infinity Ventures LLP (IVP Fund), which is known for investing Rekoo Media, social game provider, and organizing Infinity Venture Summit, invests 200 million yen to join a Groupon race.
IVP and Pakureserve jointly establish Q:pod which has 20 staffs. Q:pod provides not only PC, but also feature phones from the start, and smart phone within July.
In addition to 20 staffs of Q:pod, Pakureserve's 200 sales force are in charge of gathering coupons from local shops and restaurants. Within 3 month from launch, it plans to start services in 15 cities including Tokyo, Kanagawa, Chiba, Saitama as well as Osaka and other cities, which is more speedy expansion than other competitors.
TechCrunch Japan 6/28/2010