Groupon–Collective Buying Power ,Got New VC funding
By Vineet at December 2, 2009 | 9:16 pm | Print
What Company Is Offering:
Groupon will provide you one unbeatable deal every day on the best stuff to do, see, eat, and buy in your city. By promising businesses a minimum number of customers, they get discounts you won’t find anywhere else.
How Much They Got From VCs:
It has got around $30 million in new round of VC funding which is led by Accel Partners with participation from Groupon’s initial investor, New Enterprise Associates.
How They Will Use New VC Funding:
They will use this new funding to accelerate Groupon’s customer acquisition, expand into new geographies and further develop its technology. Groupon has based its idea on group buying and social media to provide its millions of customers big discounts on the best local businesses in major cities ofUSA.
More at:http://www.groupon.com/
