Groupon clones giving up business model
S'pore's StreetDeal turns to traditional e-commerce
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[SINGAPORE] As more Groupon clones fall by the wayside, another Singapore contender is turning away from the voucher model to e-commerce.
Three-and-a-half-year-old StreetDeal is one of the oldest in the local group-buying scene and the third largest here behind Groupon and Deal.com.sg.
Groupon is listed on the Nasdaq and Deal's parent company, iBuy, raised A$37 million (S$42 million) in December on the Australian Securities Exchange.
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