Premium goods e-commerce company Luxa has been acquired by KDDI after securing venture funding from it in 2013 and 2014.

Telecommunications company KDDI acquired Japan-based Luxa, a premium outlet e-commerce company that is also one of its corporate venturing portfolio companies, yesterday for an undisclosed amount.

Luxa operates an online group buying store where customers can purchase time-limited or quantity-limited goods such as consumer electronics, apparel, cosmetics and designer-brand clothing.

KDDI, which plans to make Luxa a consolidated subsidiary, invested an undisclosed amount in the company in October 2014 after Luxa had received $3.3m in September 2013 from KDDI Open…