India’s two premier portals which assist online shoppers viz. Couponraja, a coupon aggregator site and CompareRaja , a price comparison website, have successfully raised an angel investment of $500,000 from Mahesh Pratapneni, founder of Medgenome, and Pallab Chatterjee, Managing Director of Symphony Technology group.
Owned and operated by Logicserve Technologies of the Logicserve Group, Couponraja and CompareRaja have over 5 million page visits per month and conduct more than 3000 transactions daily for top ecommerce portals viz. Flipkart, Amazon, Snapdeal, FoodPanda and Paytm.
The news of Logicserve Technologies acquiring these funds has been also extensively covered by top media houses. Here are some of the notable ones.
ET Tech – A part of Times Group, ET Tech covers the latest news and stories on technology and start ups in India offering the latest and comprehensive updates on the happenings of the industry. The article published here focuses on the amount of funding received to boost the expansion of the business.
Tech Circle & VCCircle – These are one of the leading portals that keep the Indian audience abreast on major technology trends in India encompassing Internet, Mobile, Consumer Technology and Business Technology. The article published in these portals highlights the way ahead for the products and the funding usage.
Inc42 – This magazine focuses on the startup ecosystem in India and encourages entrepreneurship. The funding news covered here highlights the key essentials of enhancing the end user experience with innovative technology
Next Big What – Another leading portal which extensively covers startups, ecommerce technology and funding trends in the country has covered this news highlighting the focus of the group to enhance technology and innovations of the products and its roadmap.
Economic Times – Print & Online – Considered as one of the leading business news providers in the country with a high benchmark quotient, their article coverage on this funding initiative sends a positive signal to the upcoming online shopping trend. It further elaborates on the board members and the expansion plans of the organization. (Print Edition – Bangalore, Page No. 7 dt. 17th June 2015)
This development will put a new thrust on Logicserve Technologies to emerge as a forerunner in the price comparison and couponing space. The publication of this news coverage has been well acknowledged by the online shopping segment.