European entrepreneurs' start-up takes strategic stakes in coupon company Piku after similar deals in Germany and China.

Rebate Networks, a Germany-based media company founded by two serial European entrepreneurs, has made its second investment in a Japanese coupon website.

Piku Media is raising Y650m ($7.3m) from Rebate after closing a Y250m round from the group earlier in the year, according to ACN Newswire. The latest round for Piku saw Rebate joined by local venture capital firms Global Venture Capital and DIT Partners.

Piku was started in November 2004 as Japan’s first discount coupon business.

Rebate has also…

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