Online price comparison and product discovery portal YouTellMe.com, owned by Mumbai based YouTellMe Media Pvt. Ltd. has confirmed its acquisition of coupons and deals portal Priceburp.com.
Coupon site Priceburp was launched in 2010 and has over 5000 coupons listed, while YouTellMe was launched last year in the comparison space competing against websites like mysmartprice, pricedekho and smartprix.
Shailendra Dave, Co- Founder & CEO of YouTellMe, said, “We are delighted to announce that the decision to acquire the extensive coupon listings as well as the talent and experience of Priceburp team have been confirmed by management of both the companies.”
The operational team of Priceburp will fully integrate with the YouTellMe team. Their aim is to add product prices, coupons and deals from over 500+ online stores in India over the next 6 months.
Last year YouTellMe had raised about $100K seed funding from Dutch early stage investor Bright Ventures. They are now planning again to raise a Series A funding of $1 Million – $1.5 Million, in the near future.