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LivingSocial nearly doubles its markets in one day

July 13th, 2010

LivingSocialWASHINGTON, DC – LivingSocial has launched its group shopping service in 25 new cities, nearly doubling its market size in one day.

New cities where the service is offered are: Akron, Baltimore, Baton Rouge, Birmingham, Buffalo, Cedar Rapids, Columbus, Detroit, Fort Lauderdale, Fort Worth, Jacksonville, Knoxville, Las Vegas, Louisville, Memphis, Miami, Nashville, South Connecticut, Oakland/Eastbay, Omaha, Richmond, Sacramento, Toronto, Tulsa and Vancouver.

LivingSocial has been expanding at a rapid pace since the beginning of 2010 with launches across the US, UK and now Canada.

LivingSocial is the website where anyone can find out what shops, restaurants, activities and services are popular in their area. The company says its group buying service has dedicated city experts on the ground in every market, constantly researching the best in local attractions to bring a savings of up to 90 percentfor consumers.

The site offers a new promotion every morning, announced via its website, newsletter, Twitter, Facebook and iPhone app. Live for 24 hours, the Deal is available to anyone who clicks on it.

We’ve been reporting on the competition for customers in the local group buying space for a year now. It really gained traction in the last year.

The company has raised about $49 million, most of it in the last year as it competes for market share in the hot group buying space that includes Groupon and other players. Groupon recently nabbed $135 million for its local bargain buying service.

LivingSocial started out as a Facebook app known for its “Pick 5″ favorite items. We turned the tables on CEO Tim O’Shaughnessy here:

Five questions for LivingSocial’s CEO Tim O’Shaughnessy

Vancouver.

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