Market Overview

PE Firm Sequoia to Invest in Groupon India

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Groupon, Inc. (NASDAQ: GRPN) announced that private equity firm, Sequoia,
has agreed to invest in Groupon India. Groupon will remain a significant
shareholder.

"The potential of the Indian market is huge -- our decision to bring in
Sequoia is expected to provide the additional resources our India
business needs to grow and become a true local commerce leader," said
Groupon CEO Eric Lefkofsky. "We look forward to watching the business
grow and evolve as a continued shareholder in the company."

Groupon India will continue to operate under Ankur Warikoo's leadership.
Groupon's Shared Service Centers in Chennai and Bangalore will remain
under the sole control and operation of Groupon.

See full press release

Posted-In: M&A News Press Releases

 

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