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 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

External links

This article is issued from Wikipedia - version of the 10/31/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.