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[Intersog Partner News] To Boost Online Shopping in Germany

We're happy to congratulate our former client on a huge milestone achieved - 4 year-old Germany’s equivalent of closed a €45 million ($52 million) funding round on Monday, 19 January, bringing in roughly €85 million to company's funding.  The fresh capital would be used for brand's geographical expansion and funding potential acquisitions.

We believe that consumers will continue to move away from stationary retail to online shopping,” said Martin Hintze, managing director of corporate equity investing at Goldman Sachs.

Also, it's interesting to note that in 2013, sales at Germany’s top 100 eCommerce shops grew 7.7% to €19.6 billion, according to retail-research institute EHI.

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Source: The Wall Street Journal

Vik is our Brand Journalist and Head of Online Marketing / PR with 11+ years of international experience in IT B2B. He's also a guest blog contributor to Business2community, SitePoint, Journal of mHealth, Wearable Valley and other IT portals.