GRPN

Groupon, Inc.

Groupon is an online marketplace that connects shoppers with local merchants, selling discounted vouchers for restaurants, spa services, fitness classes, travel, and goods through its website and app. It grew out of a 2007 startup called The Point, founded by University of Chicago graduate student Andrew Mason, whose first deal—a two-for-one pizza offer at a Chicago spot—went live in November 2008. The name is a mash-up of "group" and "coupon," coined by colleague Aaron With.