LivingSocial raises $400 million for expansion: report (Reuters)
(Reuters) – LivingSocial, the U.S. online voucher seller, has upraised $400 million to fund treatment and ready up with large competitor Groupon Inc, the Wall Street Journal reported, citing people old with the situation.
The investment round, led by current investors Amazon and Lightspeed Venture Partners, and newborn ones same Institutional Venture Partners, valued the consort at about $3 billion, WSJ said.
LivingSocial was not available for comment.
(Reporting by Megha Mandavia; Editing by Dan Lalor)
Source
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment