Mysmartprice

MySmartPrice
Private
Industry Comparison shopping
Founded 2010
Headquarters Hyderabad, Telangana, India
Area served
 India
Key people
 Sitakanta Ray
Sulakshan Kumar
Number of employees
 100+ (2015)
Website mysmartprice.com

MySmartPrice is an independent price comparison service website headquartered in Hyderabad, India. Categories include: Mobiles, Electronics, Computers, Fashion and Lifestyle, Home appliances and Personal Care.[1] In addition to online price comparison, MySmartPrice also started including offline stores in its listings for mobile phones in Hyderabad, Bangalore and Delhi.

In December 2013, MySmartPrice received $1 million from Accel Partners and Helion Venture Partners and another $10 million from the same investors in July 2015 to expand the company's hyper-local shopping services to over 50 cities across the country, besides enabling over 100,000 local retail stores to reach their customers online.[2]

As of September 2014, MySmartPrice had a total of over 17 million users each month, with 11 million of them being unique.[3]

History

MySmartPrice was founded in 2010 by Sitakanta Ray and Sulakshan Kumar, both graduates from NIT, Rourkela after they quit their jobs at ICICI and Infosys.[4] The two co-founders worked from their homes on building the business and developing the code through the first year of incorporation.[5]

Media coverage

MySmartPrice ranked 3rd on TechInAsia's list of '8 hot Shopping Search Engines in India' in 2013[6] and 9th in the Asian startup list in July 2015.[7] It ranked 16th on Deccan Chronicle's list of '25 shopping apps' in 2015.[8] MySmartPrice was also featured on Business Today's list of the 'coolest start-ups in India' in 2015 and was ranked 2nd.[9] It also received recognition from some other leading media platforms.[10][11][12]

Finance

1. Seed Funding: $0.37 Million from Helion Venture Partners and Accel Partners in May 2012[13]

2. Series A: $1 Million was closed in December 2013 again by Helion Venture Partners and Accel Partners.[13]

3. Series B: $10 Million was announced in July 2015 once again by Helion Venture Partners and Accel Partners.[13]

References

  1. ↑ "About MySmartPrice". MySmartPrice. Retrieved 23 December 2015.
  2. ↑ Russell, Jon (13 July 2015). "MySmartPrice Raises $10M To Bring Physical Retailers Online In India". Techcrunch. Retrieved 23 December 2015.
  3. ↑ "Of price comparison, discounts and deals".
  4. ↑ Singha, Minati (17 August 2015). "Startup of NITR duo now worth Rs 300 crore". Times of India. Retrieved 23 December 2015.
  5. ↑ Sharma, E. Kumar. "Beyond Comparison". Business Today India (Living Media India). Retrieved 23 December 2015.
  6. ↑ "The Price is Right: 8 Hot Shopping Search Engines in India".
  7. ↑ "27 startups in Asia that caught our eye".
  8. ↑ "25 shopping apps for your smartphone".
  9. ↑ "Coolest start-ups in India 2015".
  10. ↑ "MySmartPrice aims to solve consumer dilemma around what & where to buy online".
  11. ↑ "Shop smart! Let this online platform get you the best price".
  12. ↑ "MySmartPrice aims to double gross merchandise value from next year".
  13. 1 2 3 "MySmartPrice raises $10 mn in Series B funding".

External links

This article is issued from Wikipedia - version of the Friday, February 12, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.