PricePanda

Last updated
PricePanda Group GmbH
Company type Private
Industry Internet services Comparison Shopping Distributed Content Commerce
Founded2012
Headquarters Berlin, Germany (headquarters); Singapore
Key people
  • Christian Schiller (co-founder)
  • Louis Iskandar (co-founder)
  • Philip Wegener (managing director)
Website www.pricepanda.com

PricePanda is a price comparison shopping website and distributed content store, founded in 2012 by Christian Schiller and Louis Iskandar in Berlin. The managing director is Philip Wegener.[ citation needed ]

Contents

Operations

PricePanda operates in its markets by establishing business partnerships with merchants and retailers to provide information and price lists on a wide range of products. As of November 2014, the website's database holds over 50,000 products and 100,000 prices for users to compare. Its product categories include cameras, computers, televisions, video, audio, software, smartphones, entertainment, navigation, fashion, [1] health and beauty. The site serves as the data source for price comparisons of shopping websites.

History

PricePanda was launched in 2012. Today the business is present in nine countries in Southeast Asia, South Asia, and Latin America: Year 2012 – Singapore, Indonesia and Malaysia, [2] Year 2013 – Mexico and Philippines [3] Year 2014 – Colombia and Argentina, [4] Thailand, [5] and India. [6] In January 2014 PricePanda had redirected 1 million users to partners’ shops since the company's launch in 2012. [7]

Mobile

PricePanda is also optimised for mobile: as of October 2014, 44% of total visitors come from smartphones and 9% - from tablets. [8] In October 2013, the company launched its first mobile application for the Philippines, Malaysia, Singapore and Indonesia to enforce M-commerce in South East Asia. [9] The app enables users to search for a product by its name and locate prices for thousands of products in order to find the best deals online and on the go. It also enables users to visit and contact merchants' and retailers' websites within the app. [10] The mobile application is available on both iOS and Android (operating system). [11]

Investments

In January 2014 PricePanda raised $3 million in funding from the large German retailer Tengelmann Group. According to the company the new funding will be used to expand the business in several other markets worldwide. [12]

Related Research Articles

A comparison shopping website, sometimes called a price comparison website, price analysis tool, comparison shopping agent, shopbot, aggregator or comparison shopping engine, is a vertical search engine that shoppers use to filter and compare products based on price, features, reviews and other criteria. Most comparison shopping sites aggregate product listings from many different retailers but do not directly sell products themselves, instead earning money from affiliate marketing agreements. In the United Kingdom, these services made between £780m and £950m in revenue in 2005. Hence, E-commerce accounted for an 18.2 percent share of total business turnover in the United Kingdom in 2012. Online sales already account for 13% of the total UK economy, and its expected to increase to 15% by 2017. There is a huge contribution of comparison shopping websites in the expansion of the current E-commerce industry.

mySupermarket was an independent shopping and comparison shopping website for groceries in the United Kingdom. It retrieved price information from multiple online retailers, so that customers could compare their prices. On 27 February 2020 Gilad Simhony announced it would be closing on 1 March 2020. His statement read: "After 14 years of service to UK shoppers, the mySupermarket website and mobile application will be taken down from March 1st, 2020 as we shift our activity toward other business areas. We would like to take this opportunity to thank the tens of millions of you who have used our services over the years and who have contributed to its amazing success. It has been our pleasure and privilege to serve you and to share this journey with you."

<span class="mw-page-title-main">MixRadio</span> Online music streaming service

MixRadio was an online music streaming service owned by Line Corporation. The service was first introduced by Nokia in 2011 as Nokia Music for Windows Phone, serving as a successor to Nokia's previous Nokia Music Store/Comes with Music/Ovi Music Store initiatives, which was based on the LoudEye/OD2 platform. After its acquisition of Nokia's mobile phone business, the service was briefly maintained by Microsoft Mobile Oy before it was sold to Japanese internet company Line Corporation in 2015. Following the acquisition, MixRadio expanded to Android and iOS in May 2015.

mig33 is a global digital media company focused on emerging markets. The company was registered in Australia and was listed on the Australian Securities Exchange (ASX:MIG) from 11 August 2014 to 22 August 2017. There is also a secondary listing on the Deutsche Borse. The company was formed in Perth, Australia in 2006 and commenced operations under the name mig33. In 2014, it was rebranded migme. FIH Mobile, a handset unit of Taiwanese consumer electronics group Hon Hai Precision, took a 19.9% stake in the company in 2014. Originally developed as a social chatting and gaming application for feature phones, migme has grown to become a mobile entertainment platform that services Southeast Asia, South Asia, the Middle East and Africa. The company headquarters are in Singapore.

Twenga.com is an online open shopping search engine.

<span class="mw-page-title-main">KakaoTalk</span> South Korean mobile messaging app

KakaoTalk (Korean: 카카오톡), commonly referred to as KaTalk (Korean: 카톡) in South Korea, is a mobile messaging app for smartphones operated by Kakao Corporation. It was launched on March 18, 2010, and it is available on mobile and desktop platforms.

Save22, formerly known as Lobangclub, is a Singaporean web and mobile shopping app that scans products and finds local stores selling that product. The iPhone app version of Save22 won Asia's Most Valuable App 2011 Award at Singtel TechVenture.

E-commerce or electric commerce in Southeast Asia is the buying and selling of products and services over the internet in the countries of Southeast Asia. These practices reached Southeast Asia during the dot-com mania in the 1990s. After the dot-com bust, local e-companies have seen promising growth in this sector.

<span class="mw-page-title-main">Reebonz</span>

Reebonz is an online platform for buying and selling luxury products. Members can shop on the web or mobile for new and used luxury merchandise. Visitors are required to log in via Facebook Connect, or register as a member with their email addresses before they can view and buy. Membership is free.

<span class="mw-page-title-main">Bubbly (social network)</span> Social voice service

Bubbly was a social voice service working across feature phones and smartphones. For feature phones, users can record their voice by dialling a short code and speaking, as well as listen to popular posts. Subscribers get a text with the short code number for dialling into Bubbly's servers to have the voice message play back. To cater to smartphone users, Bubbly was made available on iOS and Android platforms in April 2012.

The Sony Xperia C is a touchscreen enabled Android smartphone designed, developed and manufactured by Sony Mobile Communications. Unveiled at the Mobile Asia Expo held in Shanghai, China in June 2013, the phone was targeted at the Chinese market. It was released in July 2013. Despite its limited release in countries and regions, Xperia C managed to sell very well, having shipped one million units in the first 3 months since it availability.

HungryGoWhere is a food and restaurant review website based in Singapore.

Lamudi is an online real estate marketplace with operations in 34 countries.

Easy Taxi is a mobile app for taxi hailing available in 30 countries. The app allows users to book a taxi and track it in real time. The same iOS, Android, or Windows Phone app can be used in all places in which the partner taxis operate. Easy Taxi was founded in 2011 in Brazil and has since expanded globally, covering the network of 30 countries and more than 420 cities. As of December 2014, the company reported it reached the number of 17 million users and more than 400,000 taxi drivers are affiliated with an Easy Taxi network.

Carmudi is an online car site that focuses on emerging markets. The portal was launched in 2013 and is owned by Rocket Internet.

Foodpanda is an online food and grocery delivery platform owned by Berlin-based Delivery Hero. Foodpanda operates as the lead brand for Delivery Hero in Asia, with its headquarters in Singapore. It is currently the largest food and grocery delivery platform in Asia, outside of China, operating in 11 markets across Asia.

Google TV is a digital distribution service for movies and television series. Google announced the service in September 2020, offering search and discovery of video titles across multiple streaming services, including rental or purchase options, alongside watchlist features for accessing titles from eligible devices and platforms. The buy, rent, or preorder options were shared with the predecessor Google Play Movies & TV, which has since moved to the newer service.

Priceza is a shopping search engine and price comparison tool, with local websites in six Southeast Asian countries:

Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.

<span class="mw-page-title-main">Lazada</span> Singaporean-Chinese multinational technology

Lazada Group is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019.

References

  1. PricePanda (2014-06-16). "PricePanda Philippines Launches Fashion!". Archived from the original on 2014-11-29. Retrieved 2014-11-13.
  2. e27 (2012-09-20). "PricePanda bring price comparison to Singapore and Malaysia" . Retrieved 2014-11-13.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. zdnet (2013-11-18). "More SEA shoppers comparing price via mobile" . Retrieved 2014-11-13.
  4. bogotafreeplanet (2014-02-05). "Argentina and Colombia follow PricePanda's successful launch in Mexico". Archived from the original on 2014-11-29. Retrieved 2014-11-13.
  5. e27 (2014-03-26). "Rocket Internet-backed PricePanda launches servers in Thailand" . Retrieved 2014-11-13.{{cite web}}: CS1 maint: numeric names: authors list (link)
  6. tropicalpost (2014-03-08). "Rocket Internet backed PricePanda launches India operations" . Retrieved 2014-11-13.
  7. e27 (2014-01-17). "Rocket Internet-backed PricePanda directs 1M people to partners' chops" . Retrieved 2014-11-13.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. PricePanda (2014-10-29). "Online Shopping Trends in 2014". Archived from the original on 2014-11-29. Retrieved 2014-11-13.
  9. wirelessduniya (2013-11-08). "PricePanda releases iPhone App to enforce M-Commerce in SEA" . Retrieved 2014-11-13.
  10. Grzegorz Pawłowski (2013-10-03). "PricePanda launches a new Android app for southeast Asian markets" . Retrieved 2014-11-13.
  11. TechinAsia (2013-10-03). "PricePanda now lets you compare prices through Android devices" . Retrieved 2014-11-13.
  12. TechCrunch (2014-01-26). "PricePanda Raises $3M From German Retail Group Tengelmann" . Retrieved 2014-11-13.