Groupon operates an online marketplace that connects consumers with local merchants by offering discounted deals on goods and services, plus a Groupon Goods section for direct product sales. Deals are listed by partners, presented to subscribers, and purchased through Groupon; the company earns revenue by taking a percentage of each deal and through direct product sales. The service helps local businesses attract new customers by driving traffic and sales with discounted offers, while giving shoppers access to savings in their area. Its differentiator is its strong focus on local deals and partnerships, combining marketplace discounts with direct goods, and personalized deal notifications to encourage repeat use.
Company Size
10,001+
Company Stage
IPO
Headquarters
Chicago, Illinois
Founded
2008
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