As we have seen in the recent trends Entrepreneurship is growing rapidly in India. These days Startup is a very common words and everyone is very much aware of this. One such website is CouponMachine.in. This website is based in Vizag, Andhra Pradesh. This website is regularly being updated with latest coupons and deals of all the online shopping websites in India especially Flipkart, Amazon, Zovi, Jabong, Myntra etc.
The CEO of CouponMachine.in says as follows in an Interview:
We have raised about $140,000. The investors are angel investors based in UK. They are investing as individual and not on behalf of any of their companies. He also added that he has given a stake of 11.5% to the investors in CouponMachine for an undisclosed period of time.
There are many Coupons and Deals sites in India how are you going to deal with the competition:
Competition is everywhere. With the rise of Ecommerce industry in India, almost every offline business got Online and started selling their products online. We agree that there are good number of online coupons and deals sites but we come up with updated deals and coupons every day. We update the site every hour. On an average we update about 200 articles every day which contains coupons and deals. Also we are implementing out of box promotional strategies rather than traditional seo on our website to stand out from the competition.
How are you going to use this Investment for the development of Website?
This is the first Investment we have taken and would be utilizing it for further development of the website in terms of Content Creation and Marketing.
The founder also added that he has about 4 years of experience in Online Marketing where he worked with various International and Local clients for marketing their products. Now he wants to use his experience in building his own product online.
An Insight into CouponMachine.in:
An Indian based site dedicated for coupons and deals of Online Shopping portals like Jabong, Flipkart, Makrmytrip, Shopclues, Myntra, ZOVI, Pepperfry, Amazon, Paytm, SnapDeal etc. This website is being updated with latest deals and updates.
They also have a store where you can browse different Online Ecommerce portals Alphabetically. They are also launching a forum shortly where the users can post deals and discounts daily.
We have to see how this funding will be utilized by the Coupons and Deals site to grow their market in India. Let us know what do you think in your comments.