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Sequoia has majority voting interest in Groupon India, rebranded as Nearbuy

Local coupon and deals platform Groupon has raised money from Sequoia Capital in its Indian business Groupon India to Sequoia, reports ET Tech. Following the fundraise, Sequoia Capital now has a majority voting interest in the entity. Interestingly, according to its SEC filing, Groupon will not receive any cash with respect to this transaction, rather it expects a $13m to $17m gain based on…

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