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India’s Group Buying Site, DealsAndYou Funded by Mangrove Capital

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Posted by: admin @ 04:35 [29. 06. 11]

In June 2010, Group Buying Global AG and Smile Interactive Group of Harish Bahl from India acquired Indian group buying portal WanaMo.com. WanaMo has been rebranded as DealsAndYou. Mangrove Capital invested in DealsAndYou.

India’s leading online group buying portal DealsAndYou.com features a daily deal on the best stuff to do, see, eat, and buy in some of India’s leading cities. It is headquartered in Gurgaon and is part of Group Buying Global AG.

Its sister site, Indian online shopping club, Fashion and You (FashionandYou.com) is the leading fashion, luxury and style site in India. It is a top 10 online multi-brand retailer in the country. Fashion & You raised $8 million from Sequoia Capital India in December 2010.

The major Indian group buying and daily deals sites include Mydala.com, SnapDeal.com and Taggle.com.

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