Immense hectic activity going on in the group discount space in India. Some new group discount portals like lootmore.com have sprung up with sole intention of getting acquired, portals like Taggle and Snapdeal have able to raise Venture Capital and some players like Grabbon have merged themselves with bigger player Snapdeal.
Coming days you may witness further consolidation is this space. There is a strong buzz in the market that one of the prominent player from NCR in group discount space going to be acquired by bigger player or it could be an internet company interested in getting a pie in this group discount space.
Lets look at their monthly traction wrt unique visitors -
In my view Mydala and koovs are doing extremely well in terms of cracking number of deals and also the size of deal. I had a word with Anisha Singh CEO of mydala and as per her most of their deals are above 500 bucks and sells well which implies more margin for mydala. I had chat with Manish Tewari of Koovs and as per him most of Koovs deal are below 300 bucks and they offer maximum discount on the original value, clearly they are targeting the lower base of pyramid.
Lets wait and watch this space.