(Crain's) — Just a day after raising nearly $1 billion from investors, Groupon Inc. expanded into the Middle East, India and Africa.
The Chicago-based daily-deal site bought rivals in Israel, South Africa and India for undisclosed prices. Groupon previously bought daily-deal sites in Europe and Asia.
Groupon dominates the U.S. daily-deal business, but it's scrambling to maintain that lead internationally. The company said Monday that it would use some of the $950 million it raised for international growth.
Groupon bought the Indian site SoSasta, which operates in 11 cities; Grouper, the first and largest deal site in Israel, and South African site Twangoo.
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