Spanish Group Buying Site Groupalia Expects 16 Times the Turnover Booked Last Year

Spanish Group Buying Site Groupalia Expects 16 Times the Turnover Booked Last Year


Groupalia, founded in Barcelona in 2009, is an online site that offers a daily deal, in the form of a discount coupon, on the best things to do, see, eat, and buy in the cities where it is present.

The leisure services included in the daily deals, range from restaurants, spas, gym, events, adventure etc. Discounts on retail prices range from 40% to 60%.

Groupalia has landed $15 million from current shareholders and new backers like General Atlantic, Insight Venture Partners and Index Ventures. The round follows a 5 million euros investment secured back in October 2010 and a 2.5 million euros round secured back in May 2010.

The company expects a turnover of $150 million in 2011, which would be 16 times the turnover booked last year. Groupalia claims 6 million users, 400 employees and a presence in eight countries: Spain, Italy, Brazil, Mexico, Argentina, Colombia, Chile and Peru.