 Nearbuy.com operates in all categories of stepping-out for the customer, and functions like an online travel guide.Incorporated in May 2010 as Groupon India Private Limited, the company operated as a 100% subsidiary of Groupon Inc until August 2015, when it went through a management buyout and in the process changed its name to "nearbuy.com", after successfully raising US$17Mn (about INR100 crores) funding from "Sequoia India", an arm of a Menlo Park, California-based Venture Capital firm, Sequoia Capital.After the rebranding of "Nearbuy" in August 2015, Groupon became a minority stakeholder in "nearbuy.com".