You are hereGilt Groupe Brings Flash Sales To The iPad
Gilt Groupe Brings Flash Sales To The iPad


Online sample sale site Gilt Groupe, is debuting its free iPad app today, letting users access its flash sales directly from the device. Gilt Groupe’s sales on luxury goods on its properties, including Gilt, Gilt Fuse, and Gilt Man, can all be accessed directly from the app.
The app allows you to receive real-time sale alerts, check upcoming sales and receive an instant Gilt membership when you download the app. The app’s shopping cart, that is always visible, allows members to quickly touch and drag desired items into their cart.
The flash sales model has proven to be a successful business for Gilt, which only launched in 2007. The New York Times reported last fall that that Gilt Groupe, co-founded by a former eBay executive, was able to bring in $25 million in it’s first year of operation. And according to The Business Insider, Gilt was expect to bring in $150 million in sales in 2009. The site has over 1.6 million members and recently raised an estimated $40 million in funding last July, which valued the company at $400 million.
Read our full list of the best iPad apps at launch here.
CrunchBase InformationGilt GroupeInformation provided by CrunchBase

It looks like you’ll soon be able to shop for cars on flash sales sites. Gilt Groupe has just announced a first-ever auto flash sale of a Volkswagen Jetta on the site.

Vente-Privee, the European flash sales giant, has announced a joint venture with American Express to bring the site to the U.S.
Beyond the Rack, a members-only sample sale site, has raised another round of funding today. The startup has just announced a $12 million round of funding from Highland Capital Partners and BDC Venture Capital. This brings the Beyond The Rack’s total funding to $16.5 million.
Gilt City, luxury e-tailer Gilt Groupe’s foray into local deals, has been quietly expanding in beta across the country in the past month or so, as we have written about here and here. Today, the flash local deals site officially launches initiatives in Boston, Chicago and Miami (in addition to New York, SF, and LA, where it’s already live).
Well there’s at least one former Digg engineer out there that had a happier Thanksgiving. We’ve gotten word that John Quinn, former Digg VP of Engineering, will be joining luxury discount marketplace Gilt Groupe as VP of Engineering come next Monday. Quinn will be working out of the Gilt Groupe New York office under CIO Steve Jacobs.


Flash sales site Ideeli, which was founded in 2007, has raised $41 million in Series C funding led by Next World Capital with Cue Ball Capital, StarVest Partners, Constellation Growth Capital and Kodiak Venture Partner participating in the round. This bring’s Ideeli’s total funding to nearly $70 million