Shopping search engine startup TheFind has acquired the high-fashion shopping site Glimpse.com for an undisclosed amount. It’s an early deal for Glimpse, which just launched this year.
TheFind is a comparison shopping search engine that crawls many shopping sites across the internet (190 million products at over 500,000 stores). Other shopping sites often charge for the privilege of getting listed in engines like Shopping.com. This keeps the results page clean of nonsensical results while generating some extra revenue.
The impetus for the deal was to increase their offering targeted to the female market. TheFind will be powering the shopping search for Glimpse.com, enabling the site to cover more online boutiques, specialty fashion retailers, and brand stores.
TheFind was founded in 2003 and launched their main search site last year after running a of their technology on FatLens.com. They are funded by two rounds of financing totaling $23 million from Bain Capital, Redpoint, and Lightspeed Ventures.
Update: It sounds like Glimpse was out of cash and shopping themselves around. Rumored price was less than $100k.
I wasn’t familiar with either of these sites but taking a close look they look to be nearly identical. It would be nice to have an easy way to get products listed there for the non technical type. Thats a lot of funding for these companies, I guess its more profitable to refer people than to actually sell stuff.
Ladies rejoice?
TheFind has a pretty good set up. I think this is a great pick up for them. And congrats to Glimpse.com. I’m sure the people over there are way stoked.
stock swap??
good
yup.. that’s good..
My guess: they acquired them for the Glimpse.com domain, because it’s much better than TheFind.com. Hopefully, the guys at Glimpse got preferred stock. There might not be a lot left over for the common shareholders.
doesn’t really seem like that great of a deal to me … thefind.com doesn’t really do anything more than shopping.com does …
no , I get it… its like google, but only for shopping
where as shopping.com has more of an overture type of listing, they work on commission feeds.
but .. who cares. specialty search was a buzz years back. like everything else in search ,the Google Juggernaut just owns the landscape.
Umm, so
No “less than” sign translation? Original comment:
So less than $100K deals get their own Techcrunch stories now? Talk about a slow news day…
Does that mean sites like Stylehive, FabSugar, HerFabLife.com all have a good chance of success?
theFind charges for “sponsored” listings as well
Trust me, the people at Glimpse.com are not stoked, mostly because there are no more people at Glimpse.com… They basically shut down a while ago, but based on their Time Top 50 websites, generated some interest, which at least allowed them to get a tiny bit of money out of things (of course, Greylock is an investor in both companies)…
Opps I meant Redpoint…