MUMBAI, March 11, 2015 /PRNewswire/ --
Acquisition to Help YouTellMe's Ambition to Become the Leading Destination Website in India for Money-saving Product Offers, Coupons and Deals
Online price comparison and product discovery portal (https://YouTellMe.com), owned by Mumbai based YouTellMe Media Pvt. Ltd., has informed that it is set to acquire coupons and deals portal Priceburp.com, which is based out of Mumbai. Coupon site Priceburp was launched in 2010 and has over 5,000 coupons listed, while YouTellMe was launched last year in the comparison space competing against websites like mysmartprice, pricedekho and smartprix.
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"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," said Shailendra Dave, Co-Founder & CEO of YouTellMe. "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.
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 six months.
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, 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 https://youtellme.com
"We are currently a team of 10 FTEs 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 Series A in the next months to the tune of $1 million - $1.5 million," Shailendra stated.
The funding will be used for further development of the product offering, hire talent and support for its robust marketing plans.
About YouTellMe Media Pvt. Ltd.
YouTellMe Media Pvt. Ltd. is a Mumbai based consumer focused Internet company incorporated in 2014. The company owns the brand YouTellMe.com, which is an online price comparison and product discovery portal helping users compare prices and discover products from 30+ online stores and more than 800+ categories. The company lists more than 4 million products to choose from and offers a convenient online shopping experience with its partner stores.
For more information, you can connect with:
Media Contact:
Shailendra Dave,
[email protected],
+91-9833094626,
Co-Founder & CEO,
YouTellMe.com
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