LivingSocial attracts $400 million investment

By Jennifer Blake · 7 April 2011 · Locked

LivingSocial attracts $400 million investment

Daily Deals Giant Secures $400M

LivingSocial just scored a major coup in Australia's competitive market. But what does this mean for the future of daily deals?

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Summary

LivingSocial has picked up $400 million in funding as part of its push to win market share in Australia’s daily deals sector. CEO Colin Fabig announced the funding today, saying it highlighted the strength of the daily deals sector in Australia.

Tags: group buying, livingsocial