Direct Line Blog

Groupon makes even more news, buys deal sites on two continents

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Chicago-based daily deals site Groupon got to work quickly after raising $950 million in funding to support its infrastructure and to help it expand. The company said today that it has acquired deal websites SoSasta in India, Grouper in Israel, and Twangoo in South Africa.

Earlier this week, the uber-fast-growing website turned heads when it announced it had raised nearly a billion dollars, including investments from Andreseessen Horowitz, Battery Ventures, DST, Greylock Partners, Kleiner Perkins, and other firms. Groupon reportedly grew from one to 35 countries and launched business in 500 local markets in 2010. However, the company made even bigger headlines late last year when it reportedly turned down a $6 billion acquisition offer from Google.

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