Groupon has acquired yet another local group buying clone to expand its network of daily deal sites across the globe. The company has snapped up Indonesia’s Disdus, a portfolio company of venture capital firm East Ventures, reports say.
A press release in Indonesian was translated by the folks over at Daily Social.
Groupon will rename the daily deal site Groupon Indonesia, marking another addition to the company’s network in Southeast Asia after recent acquisitions closed in Singapore, Malaysia, Hong Kong and Taiwan. Terms of the Disdus acquisition were not disclosed.
The collective buying site currently serves Jakarta and Bandung with daily deals – actually a deal every 2 days – and aims to expand its market throughout Indonesia by the end of 2011.
As a result of the acquisition, Groupon is now operational in 46 countries, and boasts more than 6,000 employees worldwide.
Disdus, co-founded by Jason Lamuda and Ferry Tenka last year, raised an undisclosed amount of seed financing from East Ventures at the end of 2010.
Further reading:
Ask a VC in Indonesia: Is East Ventures Early or Crazy? [TCTV]
Penn Olson: The Groupon Clones in Indonesia
Groupon features a daily deal on the best stuff to do, see, eat, and buy in more than 565 cities around the world. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $300 million and claims it...
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