Back

Vishu Bheda

ย โ€ขย 

Medialย โ€ขย 8m

They were the fastest company EVER to hit a billion-dollar valuation. Their revenue grew 22,000% in one year. Then they refused Google's $6B acquisition offer. Now, no one knows if they'll survive. The crazy story of Groupon's meteoric rise โ€” and devastating fall: In 2008, Groupon changed the game by offering huge discounts, helping businesses attract customers. By 2011, it was valued at $12B, had 150M users, and even turned down Googleโ€™s $6B buyout offer. But problems started. Businesses realized these discount hunters werenโ€™t loyal, and they lost money on deals. As the economy improved, fewer people needed discounts, and Grouponโ€™s growth slowed. The company expanded too quickly, spending heavily on employees and marketing. Bad decisions, like entering food delivery, made things worse. By 2024, Grouponโ€™s revenue had dropped 80%, and they were still losing money. Lesson: Without a strong, sustainable plan, growth doesnโ€™t last.

23 Replies
11
25
Replies (23)

More like this

Recommendations from Medial

Image Description

Piyush

Risk = Rewardย โ€ขย 1y

Day 2 of knowing a business strategy which helps to grow the business in the market. โ€ข Offer discounts Companies often offer discounts to encourage customers to make larger purchases. Here are some examples of discounts and special deals they may of

See More
2 Replies
7
Image Description
Image Description

Havish Gupta

Figuring Outย โ€ขย 8m

How do Zomato and Zepto memberships work? They offer them at dirt-cheap prices, yet the discounts and free delivery benefits costs much more than the membership price. So, how does that financially work?

5 Replies
1
3

AjayEdupuganti

I like software and ...ย โ€ขย 1y

Met an electronic appliance dealer today Interestingly, they earn higher margins(%) on smaller appliances like mixers and electric cookers compared to ACs and fridges Why? People research and inquire more about bigger appliances. Companies often off

See More
Reply
3
Image Description
Image Description

prabhas bhargav

Always be Happy but ...ย โ€ขย 1y

Well today I had a change to listen to an entrepreneur, and they were charging pretty handsome for their service but and had a really big proposal, with over 20 services but when I carefully listed to their conversation and analysed it I realised th

See More
3 Replies
4
Image Description
Image Description

Havish Gupta

Figuring Outย โ€ขย 10m

Zepto and other QCom platforms are now going all in. So remember that mainly in 2022-23, all the QCom platforms were offering incredible deals and huge discounts on grocery items. Then once we were habituated to QCom, they removed all the discounts

See More
13 Replies
4
11
Image Description
Image Description

PRATHAM

ย โ€ขย 

BeatStarsย โ€ขย 1y

SCAM ALERT: YOU ARE GETTING SCAMMED BY SO CALLED YOUNG ENTREPRENEURS โ€ผ๏ธ Most of us search videos related to start-ups on YouTube and we see the " Young influencers - Entrepreneurs " like ISHAN SHARMA , IMAN GADZHI , and idk more tbh. These people c

See More
139 Replies
12
93

Pravesh Mourya

Young and energetic ...ย โ€ขย 1y

Relevel by unacademy The concept was amazing of getting jobs from exam but what went wrong with them so they started selling courses and started malpractices for that One reason was that they were not getting partnered by companies What are the ot

See More
Reply
2

Download the medial app to read full posts, comements and news.