Dealfind Raises $31M in VC Funding
Canadian daily deal website Dealfind has secured $31 million in funding from Insight Venture Partners (New York), Georgian Partners (Toronto), and the Ontario Venture Capital Fund (Toronto). Dealfind launched one year ago, and plans to use the funding to expand its reach in Canada and the U.S. in 2011. The investors now hold a minority investment in the company, which is a branch of MenuPalace.com.
Amazon Launches Luxury Fashion Deal Site
Amazon has launched a luxury fashion deal site, MyHabit. The new membership-only private sales site will feature daily events from designers and boutique brands at up to 60 percent off. The site will compete against other luxury private sale sites like Vente Privée, HauteLook, Beyond The Rack and Gilt, as well as Google’s Boutiques.com and eBay’s fashion store.
LivingSocial CEO Shares Strategy, Industry Insight [VIDEO]
Business Insider has released an interview featuring LivingSocial CEO, Tim O’Shaughnessy. O’Shaugnessy, talks about his strategy, the possibility of LivingSocial overtaking deal giant, Groupon, and the group buying industry as a whole.