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KFit acquires Groupon Malaysia
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The acquisition is set to solidify the company's efforts in helping consumers save, while driving growth for local businesses across SEA. The acquisition of the Groupon Singapore's business follows similar acquisitions of Groupon Indonesia and Malaysia in Thus far, Groupon Malaysia has been fully integrated into Fave, while Groupon Indonesia is set to follow suit in the coming months.
Groupon Singapore will see a similar integration into Fave by mid The transaction is expected to close later this week. The Fave team, who also founded the region's leading fitness sharing platform KFit, is aiming to innovate and drive O2O across multiple lifestyle categories in Southeast Asia.
Fave's mobile-first approach provides a seamless, cashless transactional experience to consumers who live online that are looking to discover and enjoy a wide variety of experiences from offline businesses. From restaurants to spas, hotels to theme parks; businesses who have partnered with Fave in Singapore include Naughty Nuri's, Pastamania, Shangri-La, Holiday Inn and many more. We've seen tremendous growth in the adoption of O2O platforms by local businesses across Southeast Asia over the past year, and the benefits our platform offers today is just the beginning of more to come," said Neoh.
Fave Acquires Groupon Singapore
Platforms under the Fave Group Fave, Groupon Indonesia and KFit have connected millions of customers to thousands of offline businesses in key Southeast Asian market centres. To experience Fave, visit www. To experience KFit, visit www.
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- Fave Acquires Groupon Singapore.
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By enabling real-time commerce across local businesses, travel destinations, consumer products and live events, shoppers can find the best a city has to offer. Groupon is redefining how small businesses attract and retain customers by providing them with customizable and scalable marketing tools and services to profitably grow their businesses.