Kelkoo Group

Kelkoo Group
Type of site
 E-commerce
Founded 1999
Owner Jamplant Ltd
Founder(s) Pierre Chappaz, Mauricio Lopez
Key people Richard Stables, CEO 2009-
Industry Internet
Services Price comparison service, Online advertising
Subsidiaries MonsieurPrix.com, ShopGenie.co.uk
Website kelkoo.com
Launched November 30, 1999 (1999-11-30)

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 March 26, 2004.[2] and was subsequently sold by Yahoo to Jamplant, a British private equity firm, in 2008. On October 13, 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 and Mauricio Lopez.[4] Initial funding of $3 million was provided by Banexi Ventures and Innovacom. Once Kelkoo merged with 3 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 March 26, 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] Kelkoo Group has 20 years of experience in ecommerce, digital advertising and consumer analytics, and is committed to driving exceptional revenue growth for merchants and publishers.

Company name

The name "Kelkoo" is a phonetic spelling meaning primarily the French phrase "Quel coût?", meaning "At what price?". It can also be understood as "Quel coup", meaning "What a bargain".[12]

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[13] including ITV's PriceTerrier.com.[14]

In addition to being a price comparison site, Kelkoo also offers an API webservice where other price comparison websites, such as PriceSpin.com[15] shopping comparison website, and SmartShopper.com[16] price comparison browser add-on, use data and content from Kelkoo's database.[17] 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.

Kelkoo launched their Brazil website in 2012, deciding on Brazil as a market over India and China.[18]

In October 2005 a book on Kelkoo appeared in French called Ils ont réussi leur start-up! La success-story de Kelkoo.[19] written by Julien Codorniou and Cyrille de Lasteyrie.

References

  1. ↑ "Archived copy". Archived from the original on 2011-07-15. Retrieved 2009-12-17.
  2. 1 2 http://news.bbc.co.uk/1/hi/business/3570775.stm
  3. 1 2 https://www.kelkoo.com/kelkoo-acquires-leguide-group/
  4. 1 2 http://news.cnet.com/Yahoo-says-bienvenue-to-Kelkoo/2100-1038_3-5179775.html
  5. ↑ http://www.linkedin.com/pub/jorge-juan-garcia-alonso/10/372/328
  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 Archived 2007-09-27 at the Wayback Machine.
  10. ↑ "Yahoo! Inc. - Company Timeline". Wayback Machine. 2008-07-13. Archived from the original on 2008-07-13. Retrieved 2016-07-19.
  11. ↑ Yahoo! to Acquire Kelkoo Archived 2007-07-01 at the Wayback Machine.
  12. ↑ Kelkoo FAQ Archived 2010-03-29 at the Wayback Machine.
  13. ↑ http://www.crunchbase.com/company/kelkoo
  14. ↑ ITV’s PriceTerrier Goes Live
  15. ↑ "PriceSpin Data Partners". Archived from the original on 2011-07-24. Retrieved 2011-01-22.
  16. ↑ SmartShopper Partners Archived 2010-08-11 at the Wayback Machine.
  17. ↑ Kelkoo Shopping Web Services
  18. ↑ Kelkoo arrives in Brazil Archived 2013-04-05 at the Wayback Machine.
  19. ↑ Amazon.fr : Ils ont réussi leur Start-up ! : La Success Story de Kelkoo: Livres: Julien Codorniou, Cyrille de Lasteyrie, Pierre Chappaz
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