Reports: Groupon Buys Zappedy

Groupon, the online group-purchasing giant, has acquired Zappedy, a company that offered various technology products for local business, according to the report from Techcrunch.

According to the report, Zappedy was founded in early 2010 and was backed by Innovation Endeavors, the investment firm founded by former Google CEO Eric Schmidt. According to its AngelList profile, Zappedy was funded by IE’s Dror Berman and Corey Ford, specifically.

Financial terms of the deal was not disclosed.

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