Mertado, a Redwood City, California-based social shopping company that lets consumers discover products for the home and kitchen, said it has been acquired by Groupon (read here).
The company, which recently closed a $2.3M Series A funding round (read here), will stop accepting new registrations on Mertado.com, and will stop offering products for new sales.
The site and customer service ([email protected]) will shut down on February 28, 2012 and the service will be available at www.groupon.com/goods.
Launched in April 2010 by CEO Vijay Chittoor, Mertado was a member of the Y Combinator class of Spring 2010.
FinSMEs
22/01/2012