Coupons & Online Deals Portal Raises Funding From Netherlands Based Bright Ventures

Priceburp is 4 year old startup bootstrapped till now, and with the recent funding are looking to expand operations in India.

Coupons and online deals portal, owned by Mumbai based Priceburp Media Pvt. Ltd. have raised under $100K from Bright Ventures B.V, a Netherlands based early stage investment company. The investment will be used to facilitate tech development and hire competent workforce, the company announced.

“In a scenario while most of the e-commerce websites are eyeing for conversions, coupons come in handy to induce a prospective buyer and convert his intention to purchase in a sale transaction. Coupon Sites, like ours, come into picture at this point and help these retailers”, said Nirav Dave, Founder & Director of Priceburp.

According to estimates today there are more than 200+ coupon sites and the competition is only growing. In such a scenario Priceburp has targeted to grow its store partners to 2500+ stores by November 2014. It is already adding close to 1500+ coupons every week, for the 850+ stores, it has partnered with at present.
Currently, the site has covered most of the categories including coupons and deals for electronics, fashion, health & beauty, home & lifestyle and travel etc. Their plan is to expand to other important eCommerce categories as well including online education and other services.

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