India-based price comparison portal MatraMatri.com has secured $1 million in funding. The backer was an unnamed private equity investor.
PRESS RELEASE
DELHI, India–(BUSINESS WIRE)–Leading price comparison portal, MatraMatri.com has received one million U.S. in funding from a private equity investor. MatraMatri.com confirmed that this is a private equity investment and details of investment will be made public after all documentation is closed.
After launching last year and servicing 1000+ customers every day, Founder, Kamal Singh along with his partner Kirti Parashar said that have been working towards raising funds for the past four months.
Kamal Singh also said that the company will use the funds to add more features to portal, mobile apps & primarily to marketing efforts.
When asked what makes MatraMatri.com different from competitors, he said “unlike other price comparison websites, we focus on all categories, specifically fashion, jewellery, mobile, clothing, etc. We are currently working on features which is not offered by our competition and will ensure that we remain the leader in this segment. The new features will assist customers in the buying process by presenting the best options at the most cost effective price.”
MatraMatri.com has 100+ online marketplaces listed with them, where real time prices are fetched from marketplaces and help customers decide their best buy. MatraMatri.com brings search results from multiple websites onto a single platform, thus allowing user to choose from a range of products. This platform helps to select what is best for a customer based on price and features of product.
MatraMatri.com assists customers buy products at the best price by providing 100+ marketplaces under one single platform.
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