Wikipedia
TeamBuy.ca was an e-commerce company founded in October 2009 as the first daily deal site in Canada, gaining first mover advantage. TeamBuy was the largest deals marketplace in the Canada. TeamBuy was acquired by US based e-commerce group and rebranded as nCrowd.
TeamBuy and its subsidiaries have rumored sales of $60M per year with a staff of 120, making it the largest deals marketplace in the country, and one of the largest Canadian e-commerce players in general. TeamBuy.ca was distinct from some of its competitors as it is both owned and operated in Canada. The start up leverages the Chinese group buying concept of tuangou to obtain discounts for its clients. These discounts typically range anywhere from 50 to 90 percent of the item's regular market price.
TeamBuy.ca's business model was initially based on group buying and one deal a day. In recent years, TeamBuy has evolved into a broader deal destination site providing offers on a wide range of local services, products and travel offers across Canada. Some of the categories of services offered include restaurants, home and decor, entertainment, vacations, and health & beauty.
Having saved consumers ~$1 Billion and partnered with over 20,000 merchants, TeamBuy re-imagined the original deal-a-day business model to emerge as a broader destination e-commerce site that encompasses thousands of offers on local experiences, travel, products, home & decor, fashion, electronics, beauty, gifts, flyers, coupons, cars and advertising/listing services for local merchants (MenuPalace.com).
CIBC named TeamBuy.ca one of Canada's "Top 30 Hottest Technology Companies" in 2013.