The two-year old Bengaluru-based price comparison site, BuyHatke has raised $1 million in its first round of funding from Infosys Co-founder S Gopalakrishnan along with Japanese company Beenos. The new funding will be used by the startup for marketing the site and on working on new products, besides expanding the team.
S Gopalakrishnan has invested money in his personal capacity while Beenos has infused funds as a company.
Founded in 2012 by IIT alumni – Gaurav Dahake and Prashant Singh, BuyHatke is a product and price discovery platform. The website grabs results from various online shopping portals and provides the deal information to the customer who can then directly be redirected to the shopping portal offering the suited deal and completes the purchase.
The company has also launched its app for Android, iOS and Windows phone users. Its rivals such as MySmartPrice, Pricedekho, Comparethebazaar, PriceMantra, and 91mobiles.com.