Groupalia, a new way of shopping

Today, in my blog I want to talk about a new form of shopping.

For many years, people have been cutting coupons to save money at the supermarket. Now, an old idea has changed into an intelligent, trendy way of saving money. One of the most popular sites for this type of business is Groupalia.

Groupalia was created in Barcelona in 2009 and it offers discounted services for the particular city where you live. These services include restaurants, hotels and beauty procedures. You can get discounts up to 60%

The way it works:

You see a deal that you like and you pay for it by credit card. Then you get an e-mail, which you print and give to the specific supplier the day you use this discount.  You don’t have to use this discount right away, you can wait up to 12 months.

In its first year of operation, Groupalia received €2,500,000 in funding. The majority of the funding came from Nauta Capital with €805,000 and La Caixa with €250,000. The rest of the funding came from individual investors. Later that same year, Groupalia received another €5,000,000.

Groupalia is a growing business and will soon offer its services in Italy, Brazil and Mexico. This is definitely a company with a future.