# VIPDiskon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vipdiskon

- Industry: Internet
- Headquarters: Shanghai, China
- Website: www.vipdiskon.com
- Latest round: Angel (Sep 1, 2016)
- Investors on record: 1

## About

VIPDiskon provides a digital platform that aggregates discounts and promotional deals from retailers and service providers, aiming to enhance savings for consumers and visibility for businesses.Founded in 2016 in Shanghai, China, VIPDiskon operates as a digital platform for accessing discounts. CEO Heli Wang, who co-founded the company, has been instrumental in its development. The company has completed 2 deals, with the latest deal occurring on December 2, 2016.VIPDiskon specializes in providing a digital platform that aggregates various discount offers and promotional deals from numerous retailers and service providers. Their core product is an application that facilitates users in accessing and redeeming discounts across a wide range of sectors, including retail, dining, travel, and entertainment. The platform is designed to streamline the process of finding and using discounts, thereby enhancing the shopping experience for end-users who are budget-conscious consumers. The application targets individual users looking for savings and serves businesses aiming to reach a wider audience through promotional partnerships. VIPDiskon operates in key markets, including Southeast Asia, with a focus on Indonesia and Malaysia.VIPDiskon generates revenue primarily through partnerships with retailers and service providers, operating on a commission-based structure for each transaction through its platform. The transaction model encompasses both B2B and direct-to-consumer approaches, where businesses leverage the application to increase their customer base by offering exclusive deals. Clients engage through subscription services or one-time promotional deals, with pricing plans varying based on the level of visibility and promotional support provided. This structured revenue model ensures a continual flow of income as consumers use the app for savings and businesses gain exposure to a larger audience.VIPDiskon is focused on launching new features within its application to enhance user engagement and broaden its reach in the discount market. The company plans to expand its operations into additional Southeast Asian markets by the end of 2023. The recent funding raised in December 2016 from K2VC and returning investor 01 Venture Capital will be utilized to support these initiatives, enabling product development and market entry efforts.

## Funding rounds

- Angel, Sep 1, 2016 — 01VC

## Investors

- 01VC (https://capitalatlas.ai/funds/01vc) — Angel