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Kelkoo Group

Kelkoo is a European price comparison service founded in France in 1999.[1]

In 2000 Kelkoo merged with Zoomit, Dondecomprar and Shopgenie. The company was bought by Yahoo! on 26 March, 2004.[2] and was subsequently sold by Yahoo to Jamplant, a British private equity firm, in 2008. On 13 October, 2016 Kelkoo, the ecommerce advertising and price comparison platform, announced the acquisition of LeGuide group,[3] updating its branding to reflect the acquisition: Kelkoo Group.

Kelkoo Group operates in 22 countries (Austria, Belgium, Brazil, Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, UK, United States and Mexico).

Kelkoo Group is headquartered in London, UK; with operating offices in Paris, Grenoble, Vilnius, Oslo and Milan. Richard Stables became chief executive officer (CEO) of Kelkoo Group in 2009.

Company history

Kelkoo was founded in 1999 by Pierre Chappaz, Jérôme Mercier and Mauricio Lopez.[4] Initial funding of $3 million was provided by Banexi Ventures and Innovacom. Once Kelkoo merged with three other European businesses, it absorbed those founders into one single collective, consisting of Per Siljubergsåsen, William Klippgen, Philip Wilkinson, and Jorge Garcia.[5]

In April 2000, within days of each other, Kelkoo merged with Spanish-based Dondecomprar.com[6] and UK based competitor ShopGenie, founded by Philip Wilkinson.[7] In September of the same year, Kelkoo merged with Norway-based Zoomit.com,[8] paying the Zoomit-shareholders in shares amounting to a third of Kelkoo's total equity making Zoomit.com the largest entity within "new" Kelkoo.

In June 2003, the company partnered with the European arm of the Microsoft site MSN to provide shopping listings.[9] A similar deal was announced in June 2004 with Ask.com (formerly Ask Jeeves).

On 26 March, 2004, Kelkoo was bought by Yahoo! Inc for €450 million.[10][2] Yahoo explained this move as providing advertisers with the ability to target individual products.[11]

In November 2008, Kelkoo was sold by Yahoo! Inc to the private equity firm Jamplant Ltd.[4]

In October 2016, Kelkoo acquired LeGuide group, the price comparison market leader in France. This newly formed group of two historical players had a major impact on the industry, with Kelkoo becoming the European leader in shopping comparison, a unique international position.[3]

Business model

Kelkoo has been profitable since Q4 2002. Similar to other price comparison services in how it operates, Kelkoo has focused much of its marketing on capturing users through SEO and launching partner sites including ITV's PriceTerrier.com.[12]

In addition to being a price comparison site, Kelkoo also offers an API webservice where other price comparison websites, such as PriceSpin.com[13] shopping comparison website, and SmartShoppers[14] price comparison browser add-on, use data and content from Kelkoo's database.[15] This is a shared revenue business model. Kelkoo offers an affiliate commission to the partner sites who use their data for every qualified click that they generate.[16]

Kelkoo launched their Brazil website in 2012, deciding on Brazil as a market over India and China.[17]

In popular culture

In October 2005, a book on Kelkoo appeared in French called ''Ils ont réussi leur start-up! La success-story de Kelkoo''.[18] written by Julien Codorniou and Cyrille de Lasteyrie.

External links

See also

References

  1. UK-based Jamplant buys Yahoo Kelkoo unit - Private Equity International retrieved 2009-12-17^
  2. Yahoo buys Kelkoo for 475m euros 26 March 2004, retrieved 18 December 2019^
  3. Kelkoo - Comparateur de prix et dénicheur de bonnes affaires www.kelkoo.fr, retrieved 18 December 2019^
  4. Matt Hines. Yahoo says bienvenue to Kelkoo CNET, retrieved 18 December 2019^
  5. Company overview retrieved 18 December 2019^
  6. Spain's Dondecomprar.com merged with Kelkoo.com^
  7. European Merger Creates E-Commerce Giant^
  8. Consumer Releases: Zoomit Merger^
  9. Kelkoo seals MSN deal^
  10. Yahoo! Inc. - Company Timeline Wayback Machine, 2008-07-13, retrieved 2016-07-19^
  11. [http://docs.yahoo.com/docs/pr/release1160.html Yahoo! to Acquire Kelkoo]^
  12. ITV's PriceTerrier Goes Live retrieved 2011-01-22^
  13. PriceSpin Data Partners retrieved 2011-01-22^
  14. SmartShopper Partners SmartShopper - Our Partners retrieved 2017-09-17^
  15. Kelkoo Shopping Web Services retrieved 2011-01-22^
  16. Affiliate links for content monetisation www.schoolofmoney.co, retrieved 2024-05-07^
  17. Kelkoo arrives in Brazil^
  18. [https://www.amazon.fr/gp/product/2744061956 Amazon.fr : Ils ont réussi leur Start-up ! : La Success Story de Kelkoo: Livres: Julien Codorniou, Cyrille de Lasteyrie, Pierre Chappaz]^