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LivingSocial recently received funding investment of USD183 million. Amazon accounted for the majority of these investments amounted to USD175 million and is followed by investors Lightspeed Venture Partners with additional investment of $ 8 million.
WASHINGTON - LivingSocial recently received funding investment of USD183 million. Amazon accounted for the majority of these investments amounted to USD175 million and is followed by investors Lightspeed Venture Partners with additional investment of $ 8 million.
A new chapter of LivingSocial who received an injection of funds is LivingSocial Series D, with a total of USD232 million acquisition financing.
Parties from LivingSocial said that funds would be used for their global expansion. LivingSocial pretty strong presence in the U.S. and the number of users they grow quite rapidly in Canada, Britain, Ireland and Australia. So that was quoted by Mashable, Saturday (12/04/2010).
Recently, this website buyer group reported an average revenue of $ 1 million per day and expect to get revenue of more than $ 500 million in 2011.
For the year 2010 alone, LivingSocial has produced revenue of USD227 million, making them as one of the strongest companies in its field.
This news comes in the midst of the rampant world of internet commerce today. Today only, eBay announced its purchase of the search firm, Milo. Then Google is also reportedly offered to pay $ 6 million to buy Groupon. Investment in this LivingSocial Amazon seen as a strategic step in Internet commerce world.
LivingSocial is a social enterprise of international buying from Washington. They focus on business deals offered from cities in the U.S., Canada and Europe.
By sari, okezone.com, Updated: 12/3/2010 6:57 AM
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