Buytopia.ca Continues Organic Expansion without Raising Capital
TORONTO, May 29, 2013 /CNW/ - Buytopia.ca has acquired six daily deal
companies - expanding to new heights when it comes to offering the
ultimate buying experience to consumers at a discounted price. With
these acquisitions, Buytopia will be offering more deals to a larger
customer base than ever before.
In a six-month span, Buytopia has acquired fellow Canadian daily deal
rivals Price Dodger.com, Bargoonz.com, GoBabu.com, Indulge Living.com,
GaggleUp.com and Dealivery.com.
"We're excited our subscribers keep growing - we now have over two
million users," says Anatoliy Melnichuk, Co-founder of Buytopia.ca.
"Buytopia has grown organically without raising capital - this has
forced us to be nimble and to work harder. Being the only profitable
daily deal website put us in a unique position; we acquired respected
industry counterparts to expand our Canadian reach."
In Buytopia, these companies have found a partner to successfully build
on their initial strategy and efforts.
"Buytopia's acquisition of GaggleUp allows us to offer the best deals to
our users," says Martin Day, CEO of GaggleUp. "This is a huge win for
our users because they will be exposed to diverse local deals and large
national brands featured on Buytopia."
Buytopia has garnered great success and recognition in the daily deal
industry by launching group buying promotions with national brands such
as Sears, Staples, La Vie en Rose, Cirque du Soleil and Netflix.
Consistent national partnerships like these were the key driver for the
six former rivals to merge with Buytopia.
"Buytopia's strength is its reach across Canada," says Simon Luu,
founder of Indulge Living. "With the birth of my company in the west
coast of Vancouver, I wanted my consumers to continue enjoying daily
deals without provincial limitations."
With this expansion, Buytopia seeks to continue acquiring competitors
across Canada, and remains on the forefront of the Canadian daily deal
About Buytopia: Since 2010, Buytopia has been offering the ultimate buying experience,
to discover the best local services and products at 50-90% off.
Buytopia features the best restaurants, spas, activities, events and
hotels at a fraction of the price. For more information, visit www.buytopia.ca
For further information:
For media inquiries, please contact: Melissa Grosser, 416-294-5499, firstname.lastname@example.org