How often do you find your mouth hanging open when you hear about the amazing deal your friend got for his high end smart phone while you again lost out a couple of grands, thanks to the wonderful festive offer? Fallen prey again to the skyrocketing prices offered by the very famous online shopping website? With life moving at a pace faster than the Ostrich, many of us deter from conducting researches on finding the most affordable rates offered online. Why waste all that extra sweat and toil when it’s possible to save a few bucks?
Price-Hunt.com is a real time price search engine which searches and delivers the best prices across various online stores in India. Price-Hunt showcases wide product range from various categories like Consumer Electronic Goods, Mobiles, Digital cameras, LCD TVs, home appliances, clothing and apparels, shoes, watches, jewellery and much more. But search at Price-hunt.com is not limited by categories and one can find anything here that is available at online stores. Its main aim is to make Indian consumers aware of price variation for products in India and make it possible for him/her to save money through price comparison.
The Brainwave that led to Price-Hunt
Founder Anupam Khurana is B.E. (Mechanical) from Delhi College of Engineering with 15 years experience in the software industry. Online shopping is gaining momentum and has bright future prospects with an increasing number of people opting to do shopping from the convenience of their home or office. Once keen to shop online, the traditional way is to browse each of the various online stores and order the product from the stores offering the best price (of course with a name and reputation for being good).
This takes a lot of time defeating the purpose of time saving with online shopping and one still might miss a store offering a better price and end up buying the product at a higher price. Thus Anupam came up with an idea of providing a one click search for all stores so that the shopper finds the best price/deal immediately comparing offerings from the different stores for the product searched. This led him to the idea to develop price-hunt.
The 5 W’s of Print-Hunt
Price-Hunt’s USP is that it does a real time price search across various online stores from India and provides one click search for a product to find the best and accurate current price at that moment. The Price-hunt bot is always on its toes to get the price and details that are featured at that very moment. The differentiating factor with Price-Hunt is their robust technology platform which is one of the most critical requirements of a successful price comparison website. The complex algorithms help serve up the best prices to make online shopping convenient.
Price-Hunt is still very new and the initial response seems encouraging. They hope to meet their goals and targets soon.
Since it is a real time search engine, one of the major hurdles that they are facing is that they need to have stored content to mark their presence in search engines. As technically they do not store real time results on their server, search engine optimization poses a real challenge for them. Thus, they have developed a special in-house software to align products from different sources. Also, since they want minimum human interference in the day to day operations of the site apart from blog contributions and updates, they have made customised multithreaded software for getting real time data very fast.
Indian online retailing is just beginning to grow. Their business model is focussed on the online retail segment and the major challenge is that this sector is still disorganised. None of the major online stores have product feeds to help sites like Price-Hunt. There is no standardisation like produce codes followed in Europe and USA. Moreover, some of the online retailers also present a hostile attitude towards price comparison sites.
Fundings and Finances
Price-Hunt is currently self-funded for the time being. They might look at fundings as and when required. The revenue model concentrates primarily on affiliate association with the stores and the money generated through leads or sales commission. The company will also explore advertisements as a revenue channel as traffic on the site grows.
What’s the future?
Mobile version of the site is under development. It will be an adaptation of the desktop version to the mobile with reduced features. Also in plan is an Android application for mobile users in the near future.
“Hard work and perseverance are the key mantras to achieve success. We work in a very globally competitive environment and providing the best product/services is the only way to be successful. Whatever you do, give your best.” is Anupam’s advice to our future Startup founders!
If work, college, or priorities keep you busy from doing your own price research do not shy away from taking the help of saviours like Price-Hunt. All you require is a laptop with an internet connection and a couple of minutes, do it whenever, wherever and add a few more bucks to the savings you need for the shiny car!