Gustavo Ballvé on May 6th, 2011
Corporate Strategy, Food for thought, Home, Industries, Investment Themes, Media, Portfolio Management, Retailing, Tech

We’ve been looking at the industry with great interest, but in the “business models we must understand” state of mind rather than as investors (given the frothy valuations we’ve seen abroad and lack of listed vehicles). While Groupon in the US garners most of the attention and LivingSocial is a distant second, in Brazil Peixe Urbano was the pioneer and Groupon Brasil is trying to catch up. On May 4th ClickOn, a relevant local player, sold 40% of the company to Mosaico, an investment vehicle for TV/Media giant Globo, and today Peixe Urbano announced a funding round with General Atlantic and Tiger Growth – both moves are bound to spice things up in the local market. Inside a collection of links regarding the latest moves and our previous posts on the subject.

Our previous posts on the subject:

New Year’s Eve bonus: Groupon (Dec. 31st, 2010) – Our massive collection of Groupon-related articles and videos. We wanted to gather as much relevant material as possible in the arena.

Facebook and Local Deals (Jan. 28th, 2011) – Facebook can’t be ignored.

Other sources (don’t miss the video!):

Mosaico buys 40% of ClickOn – InvestInBrazil.biz, May 4th – Nice summary and interviews with the CEOs of Mosaico and ClickOn.

Peixe Urbano’s official press release in English – Reuters, May 6th – A bit more color and numbers, but not the relevant ones.

Benchmark Capital acquires stake in Peixe Urbano – TechCrunch, Jan. 12th

Must-see video interview with Julio Vasconcellos, CEO of Peixe Urbano, on TechCrunch on July 29, 2010. (6:49).

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