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 |
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 Online 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 shoppingia platforms.[8][9][10]
Finance
1. Seed Funding: $0.37 Million from Helion Venture Partners and Accel Partners in May 2012[11]
2. Series A: $1 Million was closed in December 2013 again by Helion Venture Partners and Accel Partners.[11]
3. Series B: $10 Million was announced in July 2015 once again by Helion Venture Partners and Accel Partners.[11]
References
- ↑ "About MySmartPrice". MySmartPrice. Retrieved 23 December 2015.
- ↑ Russell, Jon (13 July 2015). "MySmartPrice Raises $10M To Bring Physical Retailers Online In India". Techcrunch. Retrieved 23 December 2015.
- ↑ "Of price comparison, discounts and deals".
- ↑ Singha, Minati (17 August 2015). "Startup of NITR duo now worth Rs 300 crore". Times of India. Retrieved 23 December 2015.
- ↑ Sharma, E. Kumar. "Beyond Comparison". Business Today India. Living Media India. Retrieved 23 December 2015.
- ↑ "The Price is Right: 8 Hot Shopping Search Engines in India".
- ↑ "27 startups in Asia that caught our eye".
- ↑ "MySmartPrice aims to solve consumer dilemma around what & where to buy online".
- ↑ "Shop smart! Let this online platform get you the best price".
- ↑ "MySmartPrice aims to double gross merchandise value from next year".
- 1 2 3 "MySmartPrice raises $10 mn in Series B funding".