Group-buying company Lokaly has been bought by Singtel-backed group buying technology firm Dealised.
Australia-based group buying technology company Dealised acquired Hong Kong-based Lokaly Network, the owner of group buying platform Lokaly and group buying website ValuUp, on Thursday for an undisclosed amount.
Dealised previously closed a $5m series A financing round backed by investors including SingTel Innov8, the corporate venturing unit belonging to telecommunications corporation Singtel.
Jonathan Marchbank, chief executive officer of Dealised, said: "With this deal, Dealised now has a strong position in a fast growing, sophisticated Asian market, a solid customer…
