 The new entity ("Nearbuy") has one member each on its board from Sequoia India and Groupon (aside from Ankur Warikoo representing the "Nearbuy" founders).In December 2017, "Nearbuy" merged with Little App, while raising fresh capital from Paytm.As part of the deal, the two businesses of "Nearbuy" and Little App (nearbuy.com's competitor in the space, ranked number 2) would merge under the leadership of Co-founder & CEO, Ankur Warikoo, while Paytm will acquire majority ownership of the businesses.