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  • Gilt Groupe Brings Flash Sales To The iPad

    Leena Rao

    Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

    Friday, April 2nd, 2010

    Online sample sale site Gilt Groupe, is debuting its free iPad app today, letting users access its flash sales directly from the device. Gilt Groupe’s sales on luxury goods on its properties, including Gilt, Gilt Fuse, and Gilt Man, can all be accessed directly from the app.

    The app allows you to receive real-time sale alerts, check upcoming sales and receive an instant Gilt membership when you download the app. The app’s shopping cart, that is always visible, allows members to quickly touch and drag desired items into their cart.

    The flash sales model has proven to be a successful business for Gilt, which only launched in 2007. The New York Times reported last fall that that Gilt Groupe, co-founded by a former eBay executive, was able to bring in $25 million in it’s first year of operation. And according to The Business Insider, Gilt was expect to bring in $150 million in sales in 2009. The site has over 1.6 million members and recently raised an estimated $40 million in funding last July, which valued the company at $400 million.

    Read our full list of the best iPad apps at launch here.

    Company: Gilt Groupe
    Website: gilt.com
    Launch Date: 2007
    Funding: $236M

    Headquartered in New York, Gilt Groupe is a privately held company dedicated to providing its members with access to coveted fashion and luxury lifestyle brands at sample sale prices. Gilt Groupe includes sales for men, women, and home as well as Gilt City (geo-specific), Gilt Taste (food), and Jetsetter (travel). Gilt Groupe hand selects both established and up and coming brands relevant to its membership base. Each Gilt Groupe Shopping Event is designer-specific and held over a one day...

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