BWI: Jasper, Owner of India’s Largest Group Buying Site, SnapDeal.com Announces the Acquisition of Group Buying Company, Grabbon

Press release from Business Wire India
Source: Jasper Infotech
Monday, June 28, 2010 02:16 PM IST (08:46 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Retailers; Technology
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Jasper, Owner of India's Largest Group Buying Site, SnapDeal.com Announces the Acquisition of Group Buying Company, Grabbon


New Delhi, Delhi, India, Monday, June 28, 2010 -- (Business Wire India) -- Jasper, a leading multi-channel direct marketing platforms company in India, and owner of India's largest group buying site, SnapDeal.com (www.snapdeal.com), today announced the acquisition of a leading Group Buying company in Bangalore-'Grabbon' (www.grabbon.com).

"I'm confident that with this partnership, we'll have the flexibility and resources needed to pursue our goal of building the next-generation platform for the Group Buying space in India. Grabbon's platform and team will be playing a key role in scaling out Jasper's plans in the group buying space in India and neighbouring countries, from a technology, merchant development and marketing perspective," said Mr. Kunal Bahl, CEO, Jasper.

Jasper's SnapDeal.com is India's largest site in the group buying space with a presence in 8 top cities, 40,000+ strong member's community on Facebook and lakhs of users pan India. SnapDeal.com has played a vital role in changing the way people shop through the internet. The e-commerce website has received a tremendous response with over hundreds of merchants on board and thousands of satisfied customers in a short time period.

Grabbon, led by a team of XLRI alumni, has made tremendous headway in strengthening its position as a leader in Bangalore, both from quality of execution and thought leadership in evolving the business model in India. Grabbon joins hands with Jasper to further scale its leadership position in the group buying space in India. The combined companies will be able to harness the collective buying power of the online community in a way that benefits all.

"Our companies share similar values and together, we make natural partners. By joining forces with Jasper, we can benefit from its national reach and leadership position to offer a compelling group buying service to aspiring customers all over India," said Mr.Tony Navin, Managing Partner, Grabbon.

About Jasper

Jasper leads the way in multi-channel direct marketing platforms in India with key industry leaders across Consumer products; Financial services; Consumer durables; Retail; Technology and Telecom industries. Founded by marketing, technology, retail and analytics professionals, the company addresses the need for high-quality, cost-effective customer management for consumer brands. Jasper is led by industry professionals with experiences in companies such as Microsoft, Capital One, Deloitte, Accenture, Future Group, Sodexho and Accor. Jasper is the owner of popular consumer marketing platforms, SnapDeal.com and MoneySaver.

About SnapDeal.com

SnapDeal.com has revolutionized online shopping in India and is India's largest group buying site which features attractive 50-80% off deals at an unbeatable price on the best stuff to do, see, eat, and buy in your city. It provides discount vouchers in all the major cities like Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Pune, Chandigarh and Jaipur. SnapDeal's philosophy is very simple: we treat our customers the way we like to be treated. SnapDeal has been rated as "The Best Group Buying Site" in India by Hindustan Times. SnapDeal.com is a platform owned by Jasper.

About Grabbon

Grabbon is one of the first and most innovative players amongst in the online group buying industry in India. Grabbon has constantly innovated the group buying concept to cater to the Indian market, by introducing novel concepts like part payments, multiple offers, loyalty programs, among others. It is founded by a young dynamic group of individuals, who are XLRI, BITS, Anna University alumni with experiences in companies such as Accenture, Dabur, Minglebox, among others. Grabbon, in a short period of time, became a leading player in this industry, because of its core value proposition to build long term relationships with merchants, which has been highly valued by large chains and leading brands across verticals.


CONTACT DETAILS
Moonmoon Thakuria, Value 360 Communications Private Limited, +91 (11) 46658888/ +91 9971221554, moonmoon@value360india.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, RETAIL, TECHNOLOGY

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