Reliance exits Pelago via Groupon acquisition
Reliance Ventures Asset Management has exited its stake in US-based group-buying website Pelago.com to Groupon, which has fully acquired the asset.
Reliance reportedly invested $5 million into Pelago three years ago, joining a cache of VC backers including Kleiner Perkins, Bezos Expeditions, DAG, T-Ventures and Trilogy Equity Partners. It is said...
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