Why did Nearbuy fail?

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Why did Nearbuy fail?

Fundamentally, deal platforms in India weren’t aggregating what consumers search and crave for. According to Vaitheeswaran, this was the primary reason for their failure. “Consumers need mouthwatering, outstanding and unique deals which they couldn’t access otherwise.

What is Nearbuy company?

nearbuy.com (Nearbuy India Private Limited) is India’s first hyper-local online platform that enables customers and local merchants to discover and engage with each other. Whether it’s fine dining, relaxing at the top spas, or just discovering your city intimately, nearbuy.com makes it happen for you.

When was Nearbuy founded?

2010
Nearbuy India Private Limited/Founded

How much did Paytm buy Nearbuy for?

Paytm facilitated a share exchange agreement between shareholders of Little and Nearbuy following which Nearbuy became a wholly-owned subsidiary of Little Internet. The purchase consideration for the acquisition of both companies was set at Rs 272.31 crore.

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Who owns Nearbuy com?

Little Internet Pvt. Ltd.
Nearbuy India Private Limited/Parent organizations

Who bought Nearbuy com?

Paytm
New Delhi: Paytm on Wednesday announced the acquisition of Nearbuy and Little, two deals platforms that focus on local restaurants as well as commercial establishments.

How do I cancel my NearBuy voucher?

Here are the steps to cancel on the Fave app:

  1. Access your purchased vouchers by going to the ‘Me’ tab.
  2. Scroll to the bottom of the voucher and click on the option to Cancel this Voucher.
  3. Another pop-up will appear for you to provide the reason for cancelation.
  4. Once the reason is selected, the voucher will be canceled.

Does Groupon Work in India?

Groupon India is India’s first hyper-local online market platform, allowing customers and merchants to discover and engage with each other more easily. Groupon India is headquartered in Gurgaon, which is located in the national capital region of Delhi.

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Who acquired Nearbuy?

Paytm acquired Nearbuy along with Little in 2017. Back then, Vijay Shekhar Sharma-led Paytm merged the two startups and made a strategic investment in the resultant entity for a majority stake.
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