Online discount deals site to open shop soon.
Valued at $6 billion and with over 35 million subscribers, Groupon (a spin on the name ‘coupon’) is a massive US-based ‘group buying’ site that is now looking to set up shop in UAE and start offering internet deals within the month.
Groupon basically offers discount deals for restaurants, shops, beauty treatment, etc by partnering up with local business. Each deal must meet a minimum quota of sale to be active. The website will form partnerships with business in both Abu Dhabhi and Dubai.
“The site…is up to collect subscribers; when we receive enough – several thousand – we will begin offering daily deals,” said a Groupon spokeswoman in an emailed statement. “We hope to begin offering deals within the month.”
Groupon had stealthy launched their website without any announcement, prompting the Twitter world to call the website a scam. However, the spokeswoman said the site was altered to make it easier for consumers to understand that the site is still under construction.
“Even though a particular business was never mentioned (making it clear it was just an example) we removed the ‘sold out’ notice to ensure the landing page is as easy to understand as possible,” said the spokeswoman.
Groupon faces though competition from local equivalent such as Cobone and GoNabit which has tremendous growth in the past few months.
Source: The National.