• Groupon Invades Europe With Acquisition Of Citydeal

    Groupon Invades Europe With Acquisition Of Citydeal

    Daily deal service Groupon, hot off a new funding that valued the company at $1.35 billion, may not love all those clones of its service out there. But they’re certainly being realistic about things – tomorrow they’ll announce the acquisition of German startup Citydeal, CEO Andrew Mason just called to tell me. Citydeal first launched in January, raised €4 million in… Read More

  • Why Media Companies Should Become More Like Merchants

    Editor’s note: Should media sites become group buying sites as well? Guest author Dave Chase thinks so. If there’s one thing we’ve learned from the Internet it is that if a middleman doesn’t add enough value, their days are numbered. Media companies may not have thought of themselves as middlemen—but that’s what they have been for marketers. When I used to… Read More

  • Groupon Buys, Opens Silicon Valley Office

    Groupon, the increasingly popular daily deal site, has purchased mobile development firm for an undisclosed amount and opened up an office in Palo Alto. The Chicago-based company (which recently snagged a round of funding led by DST with a $1.35 billion valuation) has also hired the former Netflix executive, Mark Johnson, as their new Chief Data Officer. Johnson and will both… Read More

  • Offermatic Is The Freak Love Child Of Mint, Groupon And Blippy

    The best way to describe Offermatic is this – imagine if Mint, Blippy and Groupon went off to Vegas for the weekend, got wasted and ended up in bed together. Nine months later, out pops Offermatic. Like Mint, Offermatic is a front end user interface to Yodlee’s robust financial network. And the service digs through your credit card transactions just like Blippy does (although… Read More

  • Groupon Adds Reward Points Program To Further Entice Shopaholics

    Groupon, the already incredibly profitable startup from Chicago, gives users a deal a day in their home city. A friend of mine recently used them to get a two day surf lesson for $50, for example. She’s hooked on Groupon and seems to get more fun out of buying stuff than even necessarily using it. Now the site is adding a rewards program that will likely make it even more like crack… Read More

  • A TC Teardown: What Makes Groupon Tick

    A TC Teardown: What Makes Groupon Tick

    Editor’s note: Group buying sites are growing like mushrooms. In this teardown, guest author Steven Carpenter goes through a detailed teardown of the largest social commerce site, Groupon, and its competitors to see what exactly is going on here. Much has been written about the rapid growth and success of Chicago-based local daily deal company, Groupon. And it is for good reason. No… Read More

  • Gilt Launches Groupon Competitor 'Gilt City' In NYC

    Gilt, the well-funded company that sells high-end luxury goods online at steep discounts in short-term “flash sales”, has its eyes set on a new target: Groupon. At least, it’s launching a new service that has a very similar model. In the last two days, Gilt has been sending some members invitations to ‘Gilt City‘, where they can get “exclusive local deals… Read More

  • It's Official: Groupon Announces That $1.35 Billion Valuation Round

    We reported the details last week here and here. But now it’s official. Chicago based Groupon has raised $135 million in a fourth round of financing. DST led the round, with participation from Battery Ventures. The valuation isn’t being announced, but we’ve confirmed it is in the $1.35 billion range from multiple sources close to the company. We wrote an extensive overview of… Read More

  • The Rest Of The Details On That Monster Groupon Financing

    On Tuesday we reported on a massive new financing round for Groupon. We’ve been gathering more details on the yet-to-be-announced round and other financial details about the company, and the picture is now nearly complete. Groupon raised (or is raising) around $130 million, says a new source, and the valuation is $1.35 billion. Russian holding company and investment firm Digital Sky… Read More

  • Groupon Raises Huge New Round at $1.2 Billion Valuation (Updated)

    Fast growing Groupon, fresh off a $30 million round of financing that valued the company at around $250 million, is back raising new money. They have closed or are in the process of closing new venture money at a $1.2 billion valuation, say multiple sources (one source says that’s not exactly correct, but close). Groupon offers a daily deal in several cities each day, offering steep… Read More

  • Groupon CEO On Attack Of The Clones [Video]

    Groupon’s Andrew Mason is well aware of all the Groupon-esque sites but he says he’s picking his battles: “At first it was definitely really weird, just because my motivation as an entrepreneur, internet person, is so different from the type of person that would go and copy something exactly… The first couple of times we saw these sites it would be just people copying… Read More

  • Guest Post: Groupon clone wars – Who will win the Battle of Britain?

    This is a guest post by Tim O’Shea (Twitter: @timothyoshea), founder of Blurtit, co-founder of Qhub and most recently co-founder of the short lived UK group buying website Snippa. He addresses challenges facing the group buying site market in the UK following the explosion of Groupon clone style startups through his own experience with Snippa. On a trip to New York in November 2009… Read More

  • Groupon Clones Pop Up Like Mushrooms In The United States, Too

    Groupon Clones Pop Up Like Mushrooms In The United States, Too

    Websites offering deals on a daily basis are popping up all over the place. In Russia, the strategy is apparently to copy the entire website design and business model of one of the most promising companies in this space, Groupon, while in Germany Daily Deal battles with City Deal and the UK has more than its share of group buying websites. But it’s not like the concept isn’t… Read More

  • Copy/Paste Innovation: Groupon Gets Cloned In Russia And China

    Even a casual glance at new Russian site BigLion shows you that the creators not only copied Groupon’s business model, but they also just ripped the site design and navigation off completely, too. The sites look nearly identical, even down to the smallest details. What’s more, the practice seems to be accepted in Russia, and the new service has gotten some legitimate press that… Read More

  • Shoot to kill – Groupon clone Snippa enters the deadpool

    [UK] With over 12 UK competitors, it’s no surprise that the Groupon clone fall-out has begun. After writing about the group buying aggregator Deal Romeo earlier today, one of our readers alerted us to the fact that Groupon clone Snippa, which launched as recently as March 9th this year, has entered the deadpool. A notice on the site reads: “Following careful consideration we… Read More

  • Attack of the Groupon clones 2 – If you can't beat 'em, aggregate 'em

    [UK] There doesn’t seem to be a week gone by without the launch of another Groupon clone. In fact, so hot is the group buying space that we’re now hearing of a number of sites that do nothing more than aggregate the daily deals of the Groupon clones. West Sussex-based Deal Romeo, which has only just launched, is one such offering. The site, which is privately funded and was founded… Read More

  • Groupon Goes Ultra-Chic With Luxury Private Sale Site Groupöupon

    Poking fun at their more gilded competitors, group-buying site Groupon announced its April Fool’s launch of Groupöupon. As far as April Fool’s jokes go, the site is pretty convincing. It’s actually not far off from some of the pitches we see for elitist group buying startups. I was almost fooled, until I saw the umlaut (a bit much), and the fact that for each featured… Read More

  • Groupon Makes A Big Hire, Rob Solomon Joins As President

    Social commerce site Groupon is on fire. Everywhere I go, people are talking about it or trying to copy it. The Chicago-based startup just hired a big gun. Rob Solomon is joining as the company’s president. Solomon is a venture partner at Technology Crossover Ventures, which he joined after selling travel search engine SideStep to Kayak for $200 million. He was the CEO at SideStep… Read More

  • German Groupon clone Citydeal gets €5m in second round

    [Germany] The Samwer brothers have done it again. In December, Germany’s most prolific startup founders pumped millions from France and Sweden into their Internet companies. Now the three brothers have secured a €5 million second round for their Groupon clone Citydeal, which they only founded in December. The new investment comes from an international group made up of the Swedish… Read More

  • Groupon Directors Establish $100 Million Fund To Invest In The Midwest

    Eric Lefkofsky and Brad Keywell, two of Chicago’s best-known tech entrepreneurs, plan to invest as much as $10 million annually in early-stage technology companies through a new fund dubbed Lightbank. The goal is to provide early-stage startups with seed financing, ranging from 100k to $1 million and fund companies with up to $10 million on an annual basis for the next 10 years. In… Read More