The parent company of brandsexclusive and The Active has acquired another e-commerce player.
AussieCommerce Group has completed the acquisition of Dailydo.
New Zealand-based Dailydo owns Dailydo, Spreets, Yazoom and Groupy.
AussieCommerce will pay an undisclosed amount for Dailydo, with a further earn out payment over a 12 month period.
The acquisition will boost AussieCommerce’s member base by 400,000 members, to a total of six million.
AussieCommerce MD Adam Schwab said the acquisition will position the group as a leading travel, homewares and fashion offer in New Zealand.
"Dailydo has been a leader in New Zealand flash sales for four years and has a brilliant team with a depth of supplier and customer relationships.
"It is a highly recognised brand in New Zealand e-commerce and we are very pleased to welcome them into the AussieCommerce network of leading websites.
The existing Auckland-based Dailydo team will be retained in the acquisition.
Dailydo joins AussieCommerce brands including Luxury Escapes, The Home, brandsExclusive, The Gourmet, Cudo, Deeals.com.au, pop, Ouffer and The Active.