12/08/2014

YouTellMe.com An Indian Price Comparison Site Raises $100K In Angel Funding

Consumers are generally savvier to comparing these days and so comparison websites have also grown over the past 10 years and are becoming more and more popular with consumers. With the growing online shopping industry there are thousands of retailers online. Now we have Youtellme.com a smart assistant for online comparison shopping in India.
Website says “YouTellMe was created for the sole purpose of making every online shopping addict’s life a tad bit more uncomplicated, and in the process, also help them save some money on their purchases! So, say hello to smart shopping, with YouTellMe.com!”
The company is located in Amsterdam, the Netherlands has now launched in India. The company raised about $100K funding from Dutch early stage investment firm Bright Ventures.
It has a highly experienced team of people, including our international founders and investors. YouTellMe team includes Thijs Goos, Shailendra DaveDave De FijterKaruna NaikJugen Dharia,Kailash BariaPaul MontagneThierry Schellenbach.
The portal allows you to compare product features across similar product range and also compare prices across multiple online retailers in categories like electronics, books, fashion, baby products, beauty and personal care. You can also find new products, brands and sellers.
“Over the last year, our team has been working hard to build a smart and scalable platform that is now ready for rapid growth. A great timing for us, because the internet penetration in India is already showing tremendous growth expected to make India the world’s second largest internet using population by end of 2015 and we are at the beginning of an explosion of the e-commerce industry in India at this stage”, said Shailendra Dave, Co- Founder & CEO of YouTellMe.
The recent updates allow people to rate and review and share the unbiased and free information with you. The aggregated information gives you assurance and helps you to decide and finalize on your long pending purchase. Real people and real reviews assist you to make an informed buying decision and get the best price on the product of your choice. It claims 30+ Online stores and has over 3 million products listed on its price comparison and product discovery platform.
Shailendra also disclosed that the company is aiming to raise additional funding from investors to support their growth strategy. “Since our launch we have seen great traction and interest from online users. This has only strengthened our confidence in becoming one of the leading price comparison sites in India in the next 2 -3 years. We are currently further optimizing the platform and hiring talent to join our team to help us achieve this goal.”

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