Group Buying Startup GoNabit Rise in Lebanon

29 Sep, 2010

It is another day and we are still alive and free 🙂 the news today Group-buying startup GoNabit has launched its Lebanese version, now offering special deals the first one for women.

GoNabit works by offering offering time limited deals with dissents that can go to 60-70%, and its uses your social graph to leverage group buying, if enough people sign for the deal it gets sold, so the more people you invite from facebook the more probability you get the deal. meaning you are a viral marketer for the site.

With this launch GoNabit is one city ahead of Jabbar’s gout buying Cobone. GoNabit is majority owned by Bayt. Tiger Global Management is one of the major investor on Bayt and Jabbar.

You can read AC’s interview with GoNabit founder Dan Stuart

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