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.

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

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.

Related opportunities
  • Other Online Education
    Pitman Training is an extensive network of career training &..
    Locations looking for expansion England
    Establishment year 1950
    Franchising Launch Date 1992
    Investment size Rs. 30lakh - 50lakh
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Wetherby England
  • Bars, Pubs & Lounge
    HEADQUARTER ISOLATE is a cheerful community to be in. The magnificent..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2018
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Greater Noida Uttar Pradesh
  • Opticians/Eye Wear
    Eyesdeal is Gujarat’s fastest growing chain of optical stores with..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2023
    Investment size Rs. 30lakh - 50lakh
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surat Gujarat
  • Tea And Coffee Chain
    CHAI CALLING is one the most renowned tea brands of..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 2lakh - 5lakh
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads