Catcha Group’s Dealmates.com has merged its e-commerce business with three other regional e-commerce portals to form iBuy Group.
The merger under iBuy has band together a team of over 300 e-commerce professionals throughout Malaysia, Singapore and Hong Kong.
Combined, the new company raised AUD$37 million in initial public offering on the Australian Securities Exchange. The merger includes the online properties Beecrazy.hk, Deal.com.sg, MyDeal.com.my and Dealmates.com, with an estimate of 138 million consumers to retail-base exchanges.
iBuy will be headquartered in Singapore, with Patrick Linden as CEO. Ben Cadman (pictured) will continue serving as CEO of Dealmates.com.