Private equity firm Sequoia has agreed to invest in Groupon India.
Following the deal, Groupon, Inc. (NASDAQ:GRPN) will remain a significant shareholder. Groupon India will continue to operate under Ankur Warikoo’s leadership and the company’s Shared Service Centers in Chennai and Bangalore will remain under the sole control and operation of Groupon.
The amount of the transaction was not disclosed.
Led by CEO Eric Lefkofsky, Groupon offers consumers a marketplace of deals all over the world giving shoppers the opportunity to buy services, products, experiences around a city.