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 industry.
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
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