Dealivore to expand operations to more citiesBy IANS
Thursday, November 18, 2010
HYDERABAD - Dealivore, a leading social buying site, Thursday announced that it will expand its operations to eight mega cities in the country by January.
The company, which crossed 200,000 fans on Facebook and has its presence in Hyderabad, Chennai and Bangalore, plans to launch operations in New Delhi and Pune soon. It will also expand its operations to Mumbai, Kolkata and Ahmedabad in two months.
Dealivore founder and CEO Satish Madhira told reporters that the company launched in March this year has emerged as a leader in group buying and offering daily deals with 50 to 90 percent discounts in food, leisure and personal care segments.
The deals are offered to customers online as well as offline on the toll free number 60607788.
“Dealivore.com has tie-up with 250 merchants across three cities and registers an average of over 100 transactions per deal. We have 120,000 registered customers and adding about 1,200 subscribers every day,” he said.
The subscriber base is expected to grow to about half a million in three months. According to Madhira, more than 200,000 individuals, families and friends discuss, like, share and snap the deals at Dealivore Facebook page.
Dealivore gets 20 percent revenue for every transaction from the merchants. The company expects its total revenues to be Rs.60 crore to Rs.100 crore in the next three years.
It plans to expand its operations to 20 cities, including tier-II cities, next year.