Groupon losses fall sharply to €62.1m

Pre-tax losses at the Irish unit of international online ‘daily deal’ firm Groupon last year declined sharply to €62.1m.

New accounts just filed with the Companies Office show that the US firm almost tripled the size of its Irish workforce during the year to 31 and has added further staff since year end. To facilitate growth here, the accounts also disclose that the firm received a cash injection of €12.1m last year.

Groupon International Ltd has also since signed two long-term leases on properties in Dublin, including a data centre.