Since hearing of the inception of Groupon back in end 2009, my buddy and I have been mulling over the idea of bringing the Groupon idea over to Singapore. Evidently, that idea didn’t go anywhere but fortunately, unlike myself, the Singapore entrepreneurial (copycat?) spirit is alive and strong!
As a certain wise gentlemen once said, “Don’t worry about people stealing your ideas. If your ideas are any good, you’ll have to ram them down people’s throats.”.
Out of genuine interest and curiosity, I’ve compiled here a full list of all the Groupon clones based in Singapore (in alphabetical order). Like all things online, proceed with caution while shopping online.
Have fun and do let me know if I missed out on any other local Groupon clone;
http://www.beeconomic.com/(defunct, merged with Groupon)
http://www.groupitoff.com/(defunct, no longer offering deals)
http://www.koovs.com/(defunct, no longer offering Singapore deals)
http://www.reebonz.com/ (different approach, also ReebonzCity for events)
Seeing the numbers, I’m actually kinda glad I didn’t attempt to go into such a venture with so many competitors. Note that I compiled this list some time ago and in this time, one of the entries’ website is no longer resolving and from their Google cache, it appears they have been inactive for some time and their last farewell blog post was on 4 November 2010.
Clearly, there is an oversaturation of local Groupon clones and in the coming months, I’m guessing we’ll see the emergence of a market leader and the smaller, less successful players will likely follow the footsteps of Vouchies.
My bet’s on Groupon’s official Singapore entrant.2010-12-21