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2015-03-10

Price comparison site YouTellMe.com plans to raise $1M to $1.5M in Series A funding

The funding will be used for further development of the product offering, hire talent and support its robust marketing plans.

Post its announcement to acquire coupons and deals portal Priceburp.com, Mumbai-based online price comparison and product discovery portal YouTellMe.com, owned by YouTellMe Media Pvt. Ltd., has disclosed its plans to raise about $1 million - $1.5 million in its Series A round of funding in the next few months. 

"We are currently a team of 10 FTE's with an exceptionally experienced Advisory Board and a fully scalable platform that is ready for exponential growth. Last year we raised about $100K seed funding from Dutch early stage investor Bright Ventures. We are now ready to fuel our growth further and are planning to raise our Serie A in the next months to the tune of $1 million - $1.5 million," said Shailendra Dave, Co- Founder & CEO of YouTellMe.

The funding will be used for further development of the product offering, hire talent and support its robust marketing plans.

Expressing his thoughts about the firm's announcement to acquire Mumbai-based coupons and deals portal Priceburp.com, Dave stated, "We are delighted to announce that the decision to acquire the extensive coupon listings as well as the talent and experience of Priceburp team have been confirmed by management of both the companies. This acquisition will make YouTellMe one of the most complete online destinations in India for money-saving product offers, coupons and deals."

The operational team of Priceburp will fully integrate with the YouTellMe team to populate its merchant coupons and deals section. They aim to add product prices, coupons and deals from over 500 online stores in India over the next 6 months.

"There is lot of synergy in the kind of work that YouTellMe and Priceburp does. YouTellMe enables users to find the right products of the right retailers, while coupon site PriceBurp offers users the best exclusive deals on those products." he added further.

Coupon site Priceburp was launched in 2010 and has over 5000 coupons listed, while YouTellMe was launched last year in the comparison space competing against websites like mysmartprice, pricedekho and smartprix.

YouTellMe.com helps users to discover products and compare prices of products from multiple online stores in a high number of categories like mobile phones, electronics, home and kitchen, fashion and health and beauty for users to discover new products for online stores like Flipkart.com, Myntra, Jabong, Amazon, PayTM, Snapdeal etc.

Since its launch in 2014, the company has grown to over 30 online stores listing over 4 million products in more than 800 categories on its website.

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