Online coupon aggregator Couponraja, and a price comparison site CompareRaja, which were launched 3 years ago by CEO Rohit Chugh and CPO Prasad Shejale, has raised $500,000. The investment was led by angel investors Mahesh Pratapneni, Founder, Medgenome and Pallab Chatterjee, Managing Director, Symphony Technology Group. Post investment, both investors are joining company’s board of directors.
The funding will be used to improve its technology infrastructure as well as to expand its current user base. “We are also currently doing trials on our offline price comparison engine and plan to launch this feature soon to our users,” said Rohit Chugh.
The websites claim to have over 5 million page visits a month and generate more than 3000 transactions daily for brands like Flipkart, Snapdeal, Foodpanda, Snapdeal, and Amazon. They have also launched their mobile apps for using services which are available for Android, iOS and Windows phone users.
Couponraja and CompareRaja compete with Rocket Internet-backed CupoNation, Shop Pirate, CashKaro and CouponDunia. In May 2014, Times Internet had acquired a majority stake in Mumbai-based digital coupon marketplace CouponDunia. Following the acquisition, Times Internet announced the merger of its existing deals site TimesDeal with CouponDunia.
In march this year, Online price comparison and product discovery portal YouTellMe.com, owned by Mumbai based YouTellMe Media Pvt. Ltd. has confirmed the acquisition of coupons and deals portal Priceburp.com.