Jasper announces acquisition of Grabbon

Written by Businesswire India | New Delhi | Updated: Jun 29 2010, 15:46pm hrs
Jasper, a leading multi-channel direct marketing platforms company in India, and owner of Indias largest group buying site, SnapDeal.com (www.snapdeal.com), today announced the acquisition of a leading Group Buying company in Bangalore-Grabbon (www.grabbon.com).

I'm confident that with this partnership, we'll have the flexibility and resources needed to pursue our goal of building the next-generation platform for the Group Buying space in India. Grabbons platform and team will be playing a key role in scaling out Jaspers plans in the group buying space in India and neighbouring countries, from a technology, merchant development and marketing perspective, said Mr. Kunal Bahl, CEO, Jasper.

Jaspers SnapDeal.com is Indias largest site in the group buying space with a presence in 8 top cities, 40,000+ strong members community on Facebook and lakhs of users pan India. SnapDeal.com has played a vital role in changing the way people shop through the internet. The e-commerce website has received a tremendous response with over hundreds of merchants on board and thousands of satisfied customers in a short time period.

Grabbon, led by a team of XLRI alumni, has made tremendous headway in strengthening its position as a leader in Bangalore, both from quality of execution and thought leadership in evolving the business model in India. Grabbon joins hands with Jasper to further scale its leadership position in the group buying space in India. The combined companies will be able to harness the collective buying power of the online community in a way that benefits all.

Our companies share similar values and together, we make natural partners. By joining forces with Jasper, we can benefit from its national reach and leadership position to offer a compelling group buying service to aspiring customers all over India, said Mr.Tony Navin, Managing Partner, Grabbon.