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Thursday , 13 December 2018
Breaking News

Gadget Portal 91mobiles Acquires Majority Stake in 500 Startups-Funded ‘Pricebaba

~ With this acquisition, the 91mobiles group now helps over 1 mn visitors a day in making their smartphone & gadget buying decisions~

 

  • Annkur P Aggarwal, Co-Founder at Pricebaba, will move to an advisory role

  • 91mobiles to invest $500k to build and upgrade Pricebaba’s platform to deliver content in over 10 regional languages, to cater to first-time electronics buyers

  • Pricebaba investors, including Silicon Valley-based 500 Startups to exit as part of the deal

 

New Delhi, September 26, 2018: 91mobiles.com, India’s largest smartphone discovery platform, today announced that it has acquired a majority stake in Pricebaba.com, a 500 Startups-funded company. With this, 91Digital Web Pvt Ltd, the parent company of 91mobiles, now operates three websites in the gadgets vertical – 91mobiles.com, KillerFeatures.com and Pricebaba.com, with a combined reach of 30 mn visits per month.

Pricebaba.com, which currently serves 5 mn users per month, will continue to run as a separate property focused on helping electronics buyers make their purchase decisions. While 91mobiles will remain focused on smartphone enthusiasts and buyers, Pricebaba shall cater to people looking to buy any electronics product, including TVs, washing machines, ACs and refrigerators, in addition to smartphones.

91mobiles intends to scale Pricebaba.com as a site that caters to the growing regional language audience that may be new to digital. Towards this, 91mobiles will invest $500k in upgrading the Pricebaba platform to deliver content in over 10 local languages, including text, video, as well as bandwidth-friendly audio content, making it easy for first-time online buyers to make their purchase decision.

Pricebaba investors, including California-based 500 Startups, will exit the venture as a part of this deal. Annkur P Agarwal, Co-founder of Pricebaba, will move to an advisory role.

Nitin Mathur, Co-founder of 91mobiles.com commented on the acquisition, “Over the years, 91mobiles.com has emerged as the go-to platform for consumers who are looking to buy a smartphone. While smartphones remain the largest electronics category online, we are now seeing sharp growth in the number of people researching online before purchasing appliances and electronics other than smartphones as well. We will leverage our abilities in technology and content to help Pricebaba.com cater to a growing share of this audience. With this acquisition, 91mobiles and our group sites will serve the largest in-market audience in the consumer electronics category, next to the big e-commerce sites.

“The Pricebaba team and I are extremely excited to be a part of 91mobiles. Over the years, 91mobiles founders have built a fantastic business model and share the same partnership mindset as Pricebaba. Under the leadership of 91mobiles, Pricebaba will cater to the growing number of consumers who are now researching online for buying electronic appliances. Additionally, with this partnership, our focus will also be on developing solutions and content to help people who may be shopping online for the first time for appliances, in making their purchase decision,” said Annkur P Agarwal, Co-Founder of Pricebaba.

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