Hyderabad based portal for deals on Consumer Electronics and Appliances,BuyThePrice, has raised its first round of funding from Rajan Anandan, Rehan Yar Khan, Sunil Kalra and several other investors. The funds will be utilized in creating technology differentiators, marketing, human capital and setting up new offices.
BuyThePrice.com collates real time demand and maps it against the supply prices and drops the price as the number of buyers increase. BuyThePrice.com lines-up deals across verticals of Mobile Phones, Cameras & Accessories, Computers & Accessories, Music and & Video Players, Lifestyle Accessories, LED/LCD Televsions and Home & Kitchen appliances.
We earlier profiled BuyThePrice and found the Hyderabad based startup to have a compelling UI and a definite value proposition – no tall claims and realistic approach towards merging social with ecommerce.
And as we earlier said, 2010 is ‘The’ Dabangg Year for Indian Internet Startups!