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Groupon is offered the Indonesia business to aptness membership startup KFit

Groupon continues to streamline a tellurian business after it announced a sale of a operations in Indonesia to a rather doubtful buyer. KFit, a one-year-old startup that sells gym and aptness memberships in a same character as U.S.-based ClassPass, is picking up Groupon Indonesia in an undisclosed deal. Malaysia-based KFit pronounced it has “no evident plans” to change Groupon Indonesia’s business, that ... Read More »

Groupon reports better-than-expected revenue, still not profitable

Deal site Groupon saw a shares rising today in after-hours trading, following a better-than-expected second entertain gain report. Analysts expected the Chicago-based association to news disastrous gain per share of $0.02 on income on a non-GAAP basis, and $713.8 million in revenue, according to Estimize data. But Groupon beat Wall Street income expectations with second quarter revenue of $756 million. And it posted a better-than-expected net detriment of $6.8 million on a ... Read More »

Groupon is shopping LivingSocial, skeleton to downsize business to 15 markets from 27

Some poignant converging is going down in a universe of daily deals — going down being a user phrase here. Today, Groupon announced it would acquire LivingSocial, a onetime large rival that was partly owned by Amazon, for an undisclosed sum. Lest we consider that this is a energy pierce done by companies during their peak, consider again: a news comes as a ... Read More »

Asia’s answer to ClassPass is pivoting to turn a marketplace for internal services

One of Asia’s most-funded clones of U.S.-based subscription aptness use ClassPass is pivoting to internal services. KFit, that has raised some-more than $15 million from investors that embody Sequoia, announced now that it has acquired a Groupon Malaysia business in an undisclosed deal. That comes reduction than 6 months after KFit, that operates a fitness-style ‘buffet’ for business in 10 ... Read More »

Groupon launches new Merchant app that puts a daily understanding front and center

For a final several years, Groupon has been expanding its business beyond a daily deal to position itself as a height for internal commerce. Some of those efforts have proven to be some-more severe than others, however. And so, as Groupon now downsizes in less essential areas, it’s also creation a lapse to products that are tried, tested and lucrative. Groupon says that it’s worked with some-more than 1 million ... Read More »

SXSW goes apeshit for on-demand startups

It’s a tough universe out there for on-demand startups — difficulty around a W2 vs. 1099 conversation, tough margins, and patron use are though a few of a initial obstacles for these companies. Add in a prerequisite of outrageous amounts of up-front collateral and it’s an ascending conflict during best. But trust me, a on-demand economy will tarry and eventually ... Read More »

Groupon Soars 23% On Favorable Earnings

Not passed yet, understanding site Groupon soared 23% in initial after-hours trading, following a better-than-expected fourth entertain gain release. The association kick income forecasts, bringing in $917 million, instead of a expected $846 million, and a 9% year-over-year increase.  Adjusted gain per share was during 4 cents, since Wall Street was awaiting zero. This is utterly a splendid mark for ... Read More »

Venture Capital Is Terrible At Online Shopping

Another day, another array of Silicon Valley e-commerce explosions: Gilt Groupe just sold for a fragment of a gratefulness (and its capital raised) and One Kings Lane is reportedly a subsequent to die. Previously it was Fab.com being sole for zero after exceedingly underperforming — ah, Fab, a initial billion-dollar sell “unicorn” innate with crossed eyes and a pretence knee. Marc Andreessen, Silicon Valley’s ... Read More »

A Startup’s Guide To International Expansion

Startups can now strech general markets roughly immediately during launch. Product/market fit is geographically, courtesy and company-size dubious — SaaS creates your product adoption roughly instantaneous. Although this early tellurian traction can occur organically during a beginning, a existence is that startups contingency be vital about evenly scaling from a inner segment to any series of general markets. To assistance answer ... Read More »

Is Gilt About To Be Acquired By Saks Fifth Avenue?

Gilt.com, a New York-based conform bonus site, is in talks to be acquired for $250 million, according to a Wall Street Journal. The impending customer is Hudson’s Bay, that owns Saks Fifth Avenue. An early colonize in “flash sales,” Gilt sells heavily ignored equipment from high-end brands. It has been marketed as an entrance for online representation sales and showcases ... Read More »

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