Let’s face it, we love a bargain! We love discount sales, we love haggling in the bazaar, even at a vegetable store, we want free coriander & curry leaves! It’s part of our way of life. We like to make well informed commercial decisions. One of the ways we do it is by comparing the price of products across vendors. We don’t mind the effort of going from store to store, calling different stores, checking various online prices before making that decision. But what if you could do all this in one place at Jinglebid and that too in the comfort of your couch.
This is exactly what a group of entrepreneurs has done with their app called JingleBid. JingleBid is a reverse auction platform that allows the user to put up an auction for the product that she/he wants and lets sellers around her/him bid their best price for the product. The user then can decide where to buy from based on the price and rating of the seller. The app is available for download on both the App Store & play store. Their operations are currently is focussed in Tamil Nadu and parts of Karnataka.
Having raised an angel round of 100,000 dollars at a million-dollar valuation, Jinglebid is on an aggressive growth path to capture market share across multiple states and product categories. Currently, they cater to Electronics, Consumer durables, and appliances. One of their fastest-growing categories is automobiles and has come as a pleasant surprise to the founders themselves. They intend to be the market leaders in this space.
“We set out with the 2 primary goals One, to level the playing field and enable the corner stores to compete in the digital space, and two, we don’t want to be a push platform throwing products and prices at the user. Rather we want to understand the user’s need and deliver what they want at the best price, shortest time, and leaving the least carbon footprint.” says, founder & CEO Krishnan Naranapatty.
Check out here:- https://jinglebid.com/
Instagram:- https://www.instagram.com/jinglebid/
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