8 Successful Companies That Weren't The Same When They Started

By siliconindia | Tuesday, 10 December 2013, 12:57 Hrs

2. GROUPON

Want any discounts on the spa services, five star restaurant treats or have to book a holiday package at a lower price? Then you can get your discounts in groupon. There were times when even the middle class people would wish to go to restaurants and parlors where only higher class could afford to visit but they never got a chance to visit such places. That is the time when groupon came into picture where you get deals for almost everything. Groupon is actually a blend of two words Group and Coupon. Andrew Mason the CEO came up with this idea, earlier in 2007 he had a social media platform called “The Point” where he had ordinary people talking about their needs and their wish to own certain products in discount if bought in groups. Groupon was thus established in 2008 and in India it was launched in 2011 but the name given was SoSasta.com and later named as Crazeal by Group.Inc. This idea grew rapidly and this even benefited the retailers. If a group of people signed up for a certain offer then it would be available as a deal to all. Currently the market value of the day deal site is approximately $7 billion.

3. PayPal

PayPal is a platform where you can do online bill payments, money transactions and get short term loans even if you don’t have any bank account. Pay pal was launched in 1999 and then eBay acquired it in 2002 for the money transactions of eBay users. In 2011, PayPal moved its business to offline, so that many customers could do online payments in the retail stores as well. Currently the online payment services are almost around 8 million payments per day.