We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!
This is the first time LivingSocial has offered a deal from a nationwide grocery store, although national deals have become fairly commonplace.
Large deals like this are part of LivingSocial’s strategy to draw in new customers to its daily email list. The daily deals company probably isn’t taking its usual 50 percent cut of the revenues brought in by the deal either.
Previously, LivingSocial advertised a similarly priced deal with its main financial backer Amazon, which sold 1.3 million vouchers.
The Washington D.C.-based startup has $632 million in funding to date. As we reported in June, LivingSocial is prepping for an initial public offering valued between $10 billion to $15 billion.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.