BagThat, a new UK entrant to the daily-deals/e-commerce space, has picked up an investment of ?2 million ($3.2 million) to develop its service, a mash-up of two well-known models for selling products online: auctions and group buying. The funding is being led by
Oxford Capital and is the first close on this round. BagThat says it is expecting additional institutional investment in the round.
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