Groupon Inc has acquired Kolkata-based group buying website and will be renamed as Groupon India., co-founded by former Google employees Ananya Bubna and Udayan Bubna, is a venture of Friday Media Private Limited and offers group buying deals for electronic items, clothing, accessories and other luxury items. Launched in 2010, SoSasta has operations in Delhi, Mumbai, Chennai, Bangalore, Hyderabad, Pune, Ahmedabad, Chandigarh, Jaipur and Nagpur.

GroupOn has already acquired majority stake in Australian deals site JumpOnIt, acquired Chilean site ClanDescuento and German startup Groupon intends to replicate its services across almost all the continents.

Other group buying news from India :

Group Buying Global AG (promoted by Dr.Klaus Hommels & Oliver Jung) and Harish Bahl of Smile Interactive, acquired group deals startup, to launch Deals and You. Taggle, a group buying startup founded by John Kuruvilla raised $8.75 million in funding from Greylock Partners and Battery Ventures, and group buying startup Jasper Infotech (, a multi-channel direct marketing platforms company, acquired, Bangalore-based group buying site.

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