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About NearBuy:

NearBuy (earlier Groupon) is a pan-India online portal that allows customers to contact local merchants in 33 cities in India. It provides deals and coupons of a merchant in particular location. They work for categories like Food & Beverages, Wellness, Travel, Home, Movies etc.

Groupon came in India in May 2010. They acquired SoSasta.com, a deal website, then changed its name to Crazeal in 2011. From Crazeal to Groupon in 2013.  They changed its name from Groupon to nearbuy in August 2015 after Sequoia India invested the maximum share into it. NearBuy is headquartered in Gurgaon.

NearBuy concentrates on services such as Personal Care, Home Cleaning, Laundry, Auto Repairs and Pest Control. They have partnerships with more 50000 merchants in India.  They tied up with Warner Bros for Digital partnership, official movie merchandise, for onsite promotion etc. They tied up with KFC for various products such as Cheese Crunch Burger, Zinger Burger, Rice Bowls and Hot n Crispy Chicken. Croma of Tata group for selling electronic products tin India.

NearBuy provides marketing platform to local merchants to acquire new customers. NearBuy earns commissions from the merchants when they sell at discounted price to the customers via NearBuy portal. They receive full payment from the customer. After deducting their commission, transfer the balance funds to the merchant after the sale is over.

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