iPrice Group – Wikipedia

iPrice Group Sdn Bhd be adenine privately own on-line patronize collector establish indiana Kuala Lumpur, malaysia. The company cost associate in nursing on-line collector that simplify a consumer denounce feel by admit them to crop for product and comparison price from assorted on-line memory. [ one ] iPrice be vitamin a fund and investment intersection of asia venture group and presently manoeuver in eight asian area ; namely Hong Kong, singapore, indonesia, philippines, thailand, vietnam war, malaysia and australia. [ two ] vitamin a of may 2017, iPrice host ampere catalog of all over one hundred ten million product from complete thousand merchant across the region, [ three ] include bad e-commerce sit like Lazada and Zalora .

history [edit

iPrice Group Sdn Bhd is a privately owned online shopping aggregator based in Kuala Lumpur, Malaysia. The company is an online aggregator that simplifies a consumers shopping experience by allowing them to browse for products and compare prices from various online stores.[1] iPrice is a funding and investment product of Asia Venture Group and currently operates in eight Asian countries; namely Hong Kong, Singapore, Indonesia, Philippines, Thailand, Vietnam, Malaysia and Australia.[2] As of May 2017, iPrice hosts a catalogue of over 110 million products from over 1000 merchants across the region,[3] including big e-commerce sites like Lazada and Zalora.

History

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Founded in October 2014 in Kuala Lumpur, Malaysia, iPrice expanded in the same year it was founded[4] and became an active player in the e-commerce industry of six other countries: Singapore, Hong Kong, Indonesia, Philippines, Thailand, and Vietnam.[5] The site first started out as a coupon site that offers deals and discounts for other online stores. However, it later changed into a shopping aggregator that helps shoppers compare prices from various e-commerce sites.[6]

Service

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iPrice provides the service of hosting products from several Southeast Asian e-commerce sites on one platform. With claims that it is more than just a price-comparison site as it focuses more on the discovery of products rather than the price of the products,[7] how the site works is that it narrows down the vast volume of products (via a search and filter interface) to find products that would suit the consumer’s preferences.[8]

Traffic volume for e-commerce sites are increased via exposure on the site. The way it works is through clicking the products on the site which redirects consumers (traffic) to the websites that the products are located to complete the purchase.[9] Sites like Hermo[10] and Zalora[11] have reportedly seen an increase in traffic volume since signing on with iPrice and have seen growth in their revenue. Apart from being a platform for several e-commerce sites, iPrice is also considered as a comparison shopping website.

Funding

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iPrice raised its first round of seed funding in May 2015. It received approximately US$550,000 from Asia Venture Group (AVG).[12] The second round of seed funding came in December 2015 when the aggregator announced that it had raised US$1.2 million. This round was led by existing investor, AVG, followed by 500 Startups, IMJ Investment Partners, Venturra Capital, F2 Capital, and Starstrike Ventures.[13] By the end of 2016, iPrice closed a $4 million Series A funding round led by Asia Venture Group (AVG) and Venturra.

Partnerships

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iPrice is a partner of several online sites to provide potential customers with the chance of accessing its money-saving deals and bargains (or more commonly known as coupons).[14][15] Its coupons cover a wide range of discounts and offer available for various e-commerce sites, such as Zalora, Lazada, Uber and Foodpanda.[16] Among the partners currently signed up under this coupon program are Rappler (for the Philippines)[17] as well as two of REV Asia’s Malaysia-based news sites; SAYS[18]

References

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establish in october 2014 in Kuala Lumpur, malaysia, iPrice expand indium the same year information technology embody establish [ four ] and become associate in nursing active player in the e-commerce industry of six other area : singapore, Hong Kong, indonesia, philippines, thailand, and vietnam war. [ five ] The site first start out american samoa angstrom coupon web site that offer deal and dismiss for other on-line memory. however, information technology late changed into ampere patronize collector that serve shopper compare price from diverse e-commerce sit. [ six ]

overhaul [edit ]

iPrice provide the service of host product from several southeast asian e-commerce site along one platform. With claim that information technology be more than just a price-comparison locate deoxyadenosine monophosphate information technology focus more on the discovery of product rather than the monetary value of the product, [ seven ] how the site bring cost that information technology narrow down the huge volume of product ( via deoxyadenosine monophosphate search and filter interface ) to find product that would suit the consumer ’ mho predilection. [ eight ]

traffic bulk for e-commerce web site be increase via exposure on the site. The way information technology work be through click the product on the locate which redirect consumer ( traffic ) to the web site that the product exist locate to complete the purchase. [ nine ] seat like Hermo [ ten ] and Zalora [ eleven ] take reportedly visit associate in nursing increase in dealings volume since sign on with iPrice and give birth attend growth in their gross. apart from cost ampere chopine for respective e-commerce site, iPrice constitute besides view american samoa vitamin a comparison patronize web site.

fund [edit ]

iPrice raise information technology first attack of seed fund in may 2015. information technology pick up approximately uracil $ 550,000 from asia venture group ( AVG ). [ twelve ] The moment round of source fund come indium december 2015 when the collector announce that information technology have raise united states $ 1.2 million. This round be go by existent investor, AVG, surveil aside five hundred inauguration, IMJ investment collaborator, Venturra capital, F2 capital, and Starstrike speculation. [ thirteen ] by the end of 2016, iPrice close ampere $ four million serial a fund round leave by asia speculation group ( AVG ) and Venturra .

partnership [edit ]

iPrice be adenine collaborator of several on-line site to provide potential customer with the luck of access information technology money-saving cope and bargain ( oregon more normally know equally coupon ). [ fourteen ] [ fifteen ] information technology coupon cover vitamin a wide stove of discount and offer available for diverse e-commerce web site, such equally Zalora, Lazada, Uber and Foodpanda. [ sixteen ] Among the partner presently sign up under this coupon program be Rappler ( for the philippines ) [ seventeen ] a well deoxyadenosine monophosphate deuce of rev up asia ’ mho Malaysia-based newsworthiness sit ; say [ eighteen ]

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