What is the old name of Nearbuy?
Formerly Known as Groupon India, Crazel & SoSasta. India’s first hyper-local e-commerce platform which is a one stop destination to buy just about anything. So, whether you want to dine at the finest restaurants, relax at the best spas, or just discover your city intimately, nearbuy makes it happen for you. In August 2015, Groupon gave up control of its India unit to Sequoia Capital and renamed the company Nearbuy.Formerly Known as Groupon India, Crazel & SoSasta. India’s first hyper-local e-commerce platform which is a one stop destination to buy just about anything. So, whether you want to dine at the finest restaurants, relax at the best spas, or just discover your city intimately, nearbuy makes it happen for you.
Who is the owner of Nearbuy?
Entrepreneur. CEO of Groupon India and cofounded nearbuy. He is currently building an education startup, WebVeda. Warikoo holds an MBA degree from the Indian School of Business (Class of 2006), where he was awarded the Young Leader Award. He also has an MS in Physics from Michigan State University and a BS in Physics from Hindu College, Delhi University.Before becoming an entrepreneur, Ankur was a Management Consultant with Kearney for 3 years. He worked in Delhi, Dubai and New York during this time. Warikoo holds an MBA degree from the Indian School of Business (Class of 2006) where he was awarded the Young Leader Award.
What is the business model of Nearbuy?
Nearbuy’s revenue model primarily revolves around commissions and service fees. When consumers make purchases through the platform, Nearbuy retains a percentage of the transaction value. This incentivizes both the platform and local businesses to maintain competitive pricing and drive higher sales. NearBuy got acquired by Paytm on Dec 07, 2017 at an acquisition amount of $30M. It was facilitated by The Rainmaker Group.
What is the business model of NearBuy?
Nearbuy’s revenue model primarily revolves around commissions and service fees. When consumers make purchases through the platform, Nearbuy retains a percentage of the transaction value. This incentivizes both the platform and local businesses to maintain competitive pricing and drive higher sales. NearBuy got acquired by Paytm on Dec 07, 2017 at an acquisition amount of $30M. It was facilitated by The Rainmaker Group.