India has got Woot with 24HoursLoot

1 item a day, everyday – well, that’s what is all about and a Pune based startup has launched 24HoursLoot, an online store that sells a new item everyday at deep discounted price in limited quantity.

A new item is released every midnight at 12AM Indian standard time, seven days a week. If a product sells out during its run (in 24 hours), a new item will not appear until the next release time

24HoursLoot comes from Pringoo team and the company has built direct relationship with manufacturer/stockist and buy items directly from them, hence the lower cost of product.24hoursloot

What’s interesting is the checkout process – no need to login/create account and usual showstoppers.

Essentially, this is a volume game and since the margin is too low,  the challenge for team would be to garner sufficient interest from sellers as well as buyers – but ecommerce in India is open to experimentation and we are glad to see new players trying out new approaches.

Do give 24HoursLoot a loot and share your comments.

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