It is always very difficult for students to get a suitable deal relevant to their pocket. They have to think hundred times before spending. So, it’s very important for them to know about the right deals and discounts. BigDeal is one right platform for them, where they can find plenty of deals. All you need to do is browse and pick a deal and you are done.
About the company
BigDeal is, Delhi based, student deals discovery platform, founded by Aashish Singh and Aditya Jindal in 2015. Currently, it is working in more than 25 colleges in India and the US. The startup has deals offered by more than 500 merchants. Not only for the students BigDeal also aims to be a delivery platform for merchants too. Merchants can use the platform as a significant sales channel. You can also do cashless transaction here through I-Made wallet. I-Made wallet, integrated with BigDeal, is a mobile application which helps students carry out cashless transactions. The startup helps students in 35,000 institutions in India. It covers online food delivery, takeaway, dine-in, recharges, online shopping and commuting deals. The app enables users to find deals based on their location.
The company has raised $ 100,000 in a seed round of funding from EVC Ventures. The round was led by Anjli Jain, Managing Partner, EVC Ventures. “Deals discovery is a fragmented niche in India and we are happy to invest in the only solution currently that puts every single coupon or discount offer under one umbrella. The integration with the I-Made platform will ensure that students all over India will get access to this discount aggregating tool and avail of the benefits that come out of it,” said Jain, in a techcircle.vccircle.com report.
O2O, Nearbuy (formerly Groupon), Crown-it and Little are some companies competing with BigDeal in the space.
The platform will use the funding for the expansion of their the team, further enhancement of its technology. They also plan to have more merchants and deals on the platform so that students can get more benefit from it. “We will use this funding to expand the team, further enhance our technology and customer & merchant acquisition. We are aiming for a 10x growth in customers in a span of next 4-5 months and increase transactions per customer by 2.5 to 3 times a day,” said Aashish, in a www.indianweb2.com report in July.