Groupon rival Living Social has landed a US$175 million investment from online retail giant Amazon. Groupon rival Living Social has landed a US$175 million investment from online retail giant Amazon. A second investor, Lightspeed Venture Partners, has also put $8 million in the shopping deals website. Living Social plans to use the cash infusion to continue to roll out its offering in more locations. It currently has 10 million subscribers in the U.S., Canada, the U.K., Ireland and Australia. The company expects to record $500 million in revenue in 2011. Like Groupon, Living Social offers daily deals for local restaurants, shops and activities. For example, users may be offered a voucher that costs $10 but can be used to buy $20 worth of food at a nearby restaurant. Living Social currently offers deals in 120 locations and launches an average of one new location a day, it said. The cash infusion could help Living Social better compete with Groupon, which offers its service in 300 locations. Groupon has also been racking up major investments, with a $135 million infusion earlier this year from a pair of investment groups. Nancy Gohring covers mobile phones and cloud computing for The IDG News Service. Follow Nancy on Twitter at @idgnancy. Nancy’s e-mail address is Nancy_Gohring@idg.com Related content news Royal family’s website suffers Russia-linked cyberattack Pro-Russian hacker group KillNet took responsibility for the attack days after King Charles condemned the invasion of Ukraine. By Michael Hill Oct 02, 2023 2 mins DDoS DDoS Cyberattacks news ShadowSyndicate Cybercrime gang has used 7 ransomware families over the past year Researchers from Group-IB believe it's likely the group is an independent affiliate working for multiple ransomware-as-a-service operations By Lucian Constantin Oct 02, 2023 4 mins Hacker Groups Ransomware Cybercrime feature 10 things you should know about navigating the dark web A lot can be found in the shadows of the internet from sensitive stolen data to attack tools for sale, the dark web is a trove of risks for enterprises. Here are a few things to know and navigate safely. By Rosalyn Page Oct 02, 2023 13 mins Cybercrime Security news UK government plans 2,500 new tech recruits by 2025 with focus on cybersecurity New apprenticeships and talent programmes will support recruitment for in-demand roles such as cybersecurity technologists and software developers By Michael Hill Sep 29, 2023 4 mins Education Industry Government Security Practices Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe