Groupon has sold its Malaysia unit to KFit Group, which bought the online coupon company’s Indonesia business in August.
The acquisition will see Groupon Malaysia transition to KFit’s Fave platform in early 2017 and expanding Fave’s offerings to cover restaurants, beauty, wellness, gyms, studios, hotels, holidays, leisure, entertainment and professional services. Financial terms weren’t provided.
“The local insights of Groupon Malaysia’s team and KFit Group’s technology expertise will make a winning combination. With our Indonesian business achieving nearly 2x growth since our acquisition, we are confident that the same growth principles will bring an exciting new local commerce offering to Malaysia,” said Joel Neoh, founder of KFit Group.