The Washington Post's channel on innovations. For us, it's all about what's next.
With a successful IPO in the rearview mirror, Groupon is making acquisitions.
On Wednesday, TechCrunchreported that the daily-deals Web site had acquired “stealth Silicon Valley start-up” Campfire Labs and that it had been confirmed through “unofficial channels.”
Well, it’s official, according to Groupon and to Campfire Labs CEO Naveen Koorakula and his wife, Sakina Arsiwala. The couple co-founded Campfire Labs.
“For all intents and purposes, the deal is closed,” said Arsiwala during a phone interview Wednesday night.
