Ideel
 | |
| Company type | Online Retail |
|---|---|
| Industry | E-commerce[2] |
| Founded | 2006 |
| Headquarters | , |
Key people | Lisa Kennedy[3] Saurabh Sharma Alain Demour Simon Black Sarah Liebel Cecelia Myers |
| Products | Apparel & Home |
| Parent | Groupon |
| Website | www.groupon.com/occasion/ideel |
Ideel, formerly ideeli,[3] is a flash sale based online retailer based in New York City.[4][5]
History and Operations
Founded in 2006, its $77M in revenue in 2010 led Inc. to rank it as the fastest growing company in the United States for 2011.[6] In August 2012, Ideeli moved from Soho to the 45th floor of the New York Times Building.[7] It has raised $70M in venture capital funding.[8]
Ideel's business model is based on acquiring excess or sample merchandise and selling it quickly at very steep discounts to their members. Sales typically last less than 48 hours.[9] In 2014 they rebranded themselves as a source for affordable designer clothing.
In January 2014, Groupon bought Ideel for $43 million.[10] At some point the name became ideel, dropping the final 'i'.
References
- ^ "Groupon's flash fashion site, Ideeli, rebrands as Ideel, rolls out loyalty program". 14 August 2014. Retrieved 3 January 2019.
- ^ E-commerce
- ^ a b "ideeli Becomes ideel". MarketWatch. Retrieved 3 January 2019.
- ^ Tedeschi, Bob (November 17, 2007). "Ideeli sounds alert for discounted luxury items". The New York Times.
- ^ O'Donnell, Jayne (November 17, 2011). "Ideeli flash-sale site sells high fashion for less". USA Today.
- ^ "Ideeli -- New York, NY -- INC 5000". Inc. Retrieved July 18, 2012.
- ^ "Ideeli's Times has come". Crains New York Business. Crains. Retrieved July 18, 2012.
- ^ "Flash Sales Site Ideeli Raises $41 Million". Tech Crunch. Retrieved July 18, 2012.
- ^ "The Fastest-Growing Private Company of 2011". Inc. Retrieved July 18, 2012.
- ^ Clark , Evan (14 January 2014). "Groupon Buys Ideeli for $43 Million". WWD. Retrieved 14 January 2014.
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