The Financial Post's Matt Hartley reported this morning that Toronto-based group-buying site TeamSave will be launching "Kijiji Daily Deals" tomorrow. Kijiji is eBay's in-house online classified service and the new deal site will be built on technology created by the Toronto-based startup.
Like other group buying sites, Kijiji's service will enable customers to purchase deals from local merchants at significant discounts. Deals will only be unlocked once a certain number have been sold. The service will launch with a deal from Indigo Books & Music that allows Canadians to purchase a $25 online gift certificate to the bookstore chain for just $10.
If there's one thing Chris Nguyen, co-founder of a group buying startup TeamSave.com, understands it's that there is always strength in numbers. Pretty soon, he will be putting his company's technology in front of millions of potential users thanks to a new partnership with eBay Inc.'s online classified service, Kijiji.
For Kijiji, the new service gives eBay's popular classifieds site a new way to help small and medium-sized businesses reach out to its community of more than nine million users and gives it an instant foothold in the exploding group buying marketplace.
The Kijiji deal marks the second time TeamSave has licensed its group-buying software and technology.
Hartley reports that it has also prompted Nguyen and his co-founder Lee Liu to begin looking at the possibility of expanding their efforts to market their technology to other brands hoping to tap into the demand for daily deals and group buying.