Friday, April 12

Tag: Groupon

Alibaba Acquired 33 Million Shares of Groupon Inc.
ACQUISITION

Alibaba Acquired 33 Million Shares of Groupon Inc.

In a filing with the U.S. Securities and Exchange Commission last Friday, Alibaba Group Holding Ltd. revealed that it had acquired 32.972 million shares of class A common stock (about 5.6% of shares outstanding) in Groupon Inc. . After the news published, Groupon’s stock was up more than 20%, touched $20 per share. One week ago, the shares hit an all-time low of $2.15. Alibaba likely filed with the SEC because its stake rose above 5% of Groupon’s outstanding shares. There is no information on how much Alibaba paid for the shares. Groupon had $917.2 million in revenue in the fourth quarter of 2015. That compares to consensus estimates that called for a breakeven in earnings on revenue of $841 million. In the same period last year, it posted $750.36 million in revenue. The coupon...
Chat Session with Ankur Warikoo, Co-founder & CEO, Nearbuy (formerly Groupon India)
Entrepreneurs Talk

Chat Session with Ankur Warikoo, Co-founder & CEO, Nearbuy (formerly Groupon India)

A Serial Entrepreneur, a Consultant, a Venture Partner and a Teacher – Yes, we are talking about just one person! Ankur Warikoo, CEO and co-founder of Nearbuy.  He had a Chat session originally appeared on Quora - the knowledge sharing network where compelling questions are answered by people with unique insights. Post his management degree from the IndianSchool of Business, Ankur was a Management Consultant with A.T. Kearney for 3 years. He worked in Delhi, Dubai and New York during this time. He Co-founded Accentium Web in 2007 along with 2 other batch-mates from ISB, while continuing with his role at A.T. Kearney. In 2009, he left Kearney to work on Accentium full-time. Accentium runs websites such asSecondshaadi.com, Gaadi.com, Taaza.com amongst others. After Accentium, Ankur joi...
How online startups like Quora, reddit and Airbnb acquire their first users
Story

How online startups like Quora, reddit and Airbnb acquire their first users

For online startups to gain user traction in any domain is a bumpy ride? There is no rocket science, but a perfect marketing strategy which sometimes works like Dropbox, which goes from 5000 to 75,000 users in one night using a video. Same like Dropbox today we are going to share insightful stories of online startups like Quora, Airbnb etc on "How they able to get such large numbers of users in such little amounts of time".     Two online startups giants Quora and reddit solved the "empty site = no users / no users = empty site" problem in the same ways. The founders of both online startups spent the first months filling them with content themselves. On Quora, the founders simply answered and asked lots of questions under their own profiles. But the reddit approach wa...