- Online price comparison and product discovery portal YouTellMe.com acquires Mumbai-based coupons and deals portal Priceburp for an undisclosed sum
- The operational team of Priceburp will integrate with the YouTellMe team to populate its merchant coupons and deals section
- YouTellMe plans to raise Series A funding to the tune of US$1M–US$1.5M
Online price comparison and product discovery portal YouTellMe.com has acquired Mumbai-based coupons and deals portal Priceburp.com for an undisclosed amount.
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 more than 500 online stores in India over the next six months.
YouTellMe.com helps users discover products and compare prices of products from multiple online stores in categories such as mobile phones, electronics, home and kitchen, fashion and health and beauty.
“Last year we raised about US$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 within a few months to the tune of US$1M– US$1.5M,” Shailendra Dave, Co-founder and CEO of YouTellMe stated. The funding will be used for further development of product offering, hire talent and support marketing plans.
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Coupon site Priceburp was launched in 2010 and has more than 5000 coupons listed, while YouTellMe was launched last year in the comparison space competing against websites like mysmartprice, pricedekho and smartprix.
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