Peixe Urbano Boosts Cash and Hiring to Beat Groupon in Brazil
This article is for subscribers only.
Peixe Urbano, the largest Brazilian online daily-deal provider, is loading up on capital, recruiting U.S. engineers and investing in new products to fend off Groupon Inc.’s expansion on its home turf.
Following an investment from Morgan Stanley Investment Management and T. Rowe Price Group Inc. earlier this month, co-founder Alex Tabor is spending this week in California, looking for talented computer scientists interested in moving to Brazil. He’s recruiting at Stanford University, the University of California, Berkeley, and the California Institute of Technology.