05 Sep '11, 4am

Thai daily deals site @DealiciousThai receives investment

Thai daily deal site Dealicious.co receives investment September 5, 2011 by Terence LEE It looks like even Thailand has been hit by an attack of the Groupon clones. While CNNGo has said Thailand lags behind Singapore in this space, many daily deals sites have now emerged from the woodwork in the Land of Smiles. Dealicious.co , which proclaims itself the “leading daily deals site in Thailand”, has propelled forward after announcing on 31st August that venture capital fund Sparx Ventures has invested an undisclosed amount in the business. The VC firm will also add value with partnerships in the media and advertising space via its investee companies. “This move helps us gain a significant competitive advantage by reaching offline clients, increasing media value, and sales volume,” said Severin Jan Ruegger, founder of Dealicious.co. The capital will be used to procure a larger...

Full article: http://sgentrepreneurs.com/news-stop/2011/09/05/thai-dail...

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