Price Comparison Engine, PriceBag Secures $2 million Funding

Price comparison engine, PriceBag has raised $2 million in funding from undisclosed angel investors. The money will be used mainly in product development and marketing.
pricebag

“E-Commerce is on a hockey stick growth path. Those companies which help enable shoppers to shop online should also witness high growth. Product Discovery & Price Comparison is one such category and we want to ramp up our product development and marketing quickly, and we need more funds to do so. We realize that we’re not the only people in this space or the ones ahead in terms of product set, but by prioritizing the right things and ramping up product development, we hope to be one of the leaders in this space in 12 months.” [PriceBag.com Director Vivek Pahwa]

Competition includes MySmartPrice (which has raised $1mn funding),  FindYogi, Amazon’s Junglee etc. PriceBag is part of  Accentium, which also runs SecondShaadi.com and 99Cars.com.

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