Daily deal

  • Group Buying Industry In U.S. Estimated To Grow 138 Percent To $2.7 Billion This Year

    Group Buying Industry In U.S. Estimated To Grow 138 Percent To $2.7 Billion This Year

    The group buying industry has sprung out of nowhere over the past two years. A new report (embedded below) by daily deal aggregator Local Offer Network puts the U.S. gross revenues across the industry at $1.1 billion last year, and estimates gross revenues will grow 138 percent to $2.7 billion in 2011. Groupon alone, according to other sources, is expected to bring in between $3 billion and… Read More

  • Daily Deal secures €7m to fight German rival City Deal

    Daily Deal secures €7m to fight German rival City Deal

    [Germany] While the Groupon-clone fall out has already begun in the UK, it’s looking more and more like a two horse race in Germany based on funding alone. Berlin-based Daily Deal, whose main rival is the Samwer brothers’ City Deal, has secured a further 7 million euros, this time from Mangrove Capital Partners and Adinvest. Stefan Glänzer (an early investor in Last.fm), Michael… Read More