Shopping website Groupon seeks private venture funding that will lift the company's value to as...

|By:, SA News Editor

Shopping website Groupon seeks private venture funding that will lift the company's value to as high as $3B from a current $1.3B. The firm hopes the cash will let it expand beyond its current 20 million subscribers and the 230 geographical markets it now serves. Groupon plans to be in 300 cities by 2011.