New York City-based Gilt Groupe has added Tokyo to its members-only list of cities where its Gilt City deals are available, Mashable is reporting.
The international play comes after the company raised $15 million in debt funding. But that money was used to fund a warehouse in the opposite of Tokyo, also known as Louisville, Kentucky. That’s according to eMoney’s Tricia Duryee.
Gilt City offers daily discounts up to 75 percent on high end items (examples from the site include salons, restaurants, and magicians). Gilt has worked with merchants in Tokyo before but never offered deals there.
The company has raised more than $50 million and is expected to drop an IPO, Duryee reports. Gilt Groupe has said it expects to achieve gross revenues of $400 million to $500 million by January.
The Observer doesn’t read Japanese. But it looks like the newest Gilt site is offering flowers, a restaurant deal, cigars and a swanky hotel. Ring a ding ding, Tokyo!
ajeffries [at] observer.com | @adrjeffries
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