DealsAndYou Secures $17mn Funding

DealsAndYou has raised $17mn from Mayfield Fund, Norwest Venture Partners, Intel Capital and Nokia Growth Partners.dealsandyou

DealsAndYou was earlier called Wanamo which was acquired by Smile Interactive in June 2010 and the fresh round of funding will be used for investments in infrastructure, technology and branding (source).

DealsAndYou is a group buying service and earlier raised $1.5mn from Group Buying Global AG.

DealsAndYou competitor, Snapdeal earlier raised $40mn from Bessemer Venture Partners, Nexus Venture and IndoUS Venture Partners.

Couple of months back, European early stage investor Mangrove Capital Partners invested in BeStylish, Smile Interactive Venture (the parent company of Dealsandyou).