Group buying site Startdeals acquires Crowdmass

Melbourne-based Crowdmass just one year old

Groupon’s local iteration, Stardeals, has acquired Melbourne-based group buying site, Crowdmass.

Read more news on Groupon

According to Stardeals managing director, Alexandra Podeanu, the year-old site, founded by Ying Wang, David Wei and Tim Wu in May last year, has quickly grown in the Melbourne market attracting a strong following.

“We were very impressed with what Ying, David and Tim had achieved with Crowdmass,” Podeanu said in a statement.

“They were very much ahead of the curve with their concept and their execution has been strong. We’re pleased to have them as part of our team, helping to fuel our growth in Melbourne and around the country.”

Stardeals began operating in Australia on February 14 beginning in Sydney followed by Melbourne and Brisbane.

Crowdmass co-founder David Wei said the deal with Stardeals would enable the company to realise a grander vision for the company.

“We were also struck by Groupon Inc.’s commitment to social causes, from its foundation as social action site, to its recent fundraising deal to support relief efforts in Japan,” he said in a statement.

“This is very consistent with our own vision of how group buying can be used to support positive social outcomes.”

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags acquisitionsStartdealsCrowdmass

More about Inc.Wang

Show Comments