DealGuru Raises USD 1M For DEAL Singapore And Malaysia
July 12, 2010 by Gwendolyn Regina T
About two weeks ago, we wrote about DEAL’s financing round, pending additional details. Now the parent company behind daily deal sites Deal.com.sg and MyDeal.com.my, DealGuru Holdings, has closed an investment round of USD 1M with German-based fund, Rebate Networks GmbH leading the deal.
Rebate Networks invests into leading daily deal and couponing websites in Europe and Asia, such as the Chinese market leader www.Lashou.com and the Japanese one, www.Piku.jp.
Deal.com.sg was launched in early May 2010 while MyDeal.com.my launched on the 31st of May, 2010. So this investment round comes just barely a month or two after the sites launched.
No word on the valuation of the company.
“With Deal.com.sg and MyDeal.com.my, we have invested into the leading daily deal platforms in Singapore and Malaysia, in terms of user base and reach. With a proven management track record and rapid growth within a short timeframe, we see Deal.com.sg and MyDeal.com.my as the leading players in an e-commerce segment which is here to stay,” says Michael Brehm, CEO of Rebate Networks.
Update: DealGuru is hiring!
About The Author
Gwendolyn Regina T - Co-Founder and Editor-in-Chief
Apart from SGE, Gwen is also a Partner at Thymos Capital, where she focuses on early stage investments in technology firms. She has had two exits out of her investments via the firm, one of which is iHipo. A frequent judge for business competitions both locally and overseas, she graduated from the National University of Singapore. Gwen also spent some time in Silicon Valley and studied in Stanford University under the NUS Overseas College programme. Gwen is a mentor at Spanish incubator Tetuan Valley, Polish incubator Gamma Rebels, the Singapore Ambassador for the Sandbox network and the Singapore curator for StartupDigest. She enjoys languages, travelling, dance and adventure sports. Gwen can be found on LinkedIn and Twitter.
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