Junglee will now allow merchants to sell goods on the platform. Amazon had been testing the service since last July and will launch it in the next few weeks. The company will provide pick, pack and delivery services for merchants. Mahendra Nerurkar, general manager at Junglee will lead the new initiative.
Junglee now wants you to sell your old products.
Amazon owned price comparison site Junglee is now also an online marketplace where you can directly buy goods from. Why is it doing that?
In a quick Q&A with NextBigWhat, Mahendra Nerurkar, GM, Junglee shared some updates.
Users of comparison shopping site Junglee can now compare prices of new and pre-owned products owing to Junglee’s tie up with online classifieds Quikr.
Ticketing portal BookMyShow has been named the official ticketing for the ICC World Twenty20 Championship. Google Partners has been launched in India. comScore says Junglee is the #1 shopping site in India.
Junglee’s growth in the last 30 days has been quite stellar in comparison to the other brands who all registered mid-low single digit growth rates. It’s not like Junglee’s growth has been sporadic either, it has been consistent week by week since it launched.
The acquisition is a combination of cash and equity. The founders of Letsbuy along with their 350+ team will continue to function independently, with the added advantage of now being able to access Flipkart’s superior technology platform and supply chain capabilities.
Popular Posts for week ending Feb 5th, 2012. Read our full coverage of Junglee, Amazon’s India Venture.
Ever since Amazon’s Junglee is live, we are hearing of different kind of feedback from consumers. Some think Amazon has gotten deep into ‘niche players’ and has done a much better job of product discovery/comparison and for others, they are busy finding minor faults in the service.
The angels include Dr. Sridhar Ramaswamy- senior VP, Ads & Commerce at Google and Rakesh Mathur – Founder of Junglee.
Tracxn has raised undisclosed funding from angel Investors including Nandan Nilekani, Mohandas Pai, Whatsapp’s Neeraj Arora and Junglee Co-Founder Anand Rajaraman, among others. Tracxn helps venture capital funds, private equity groups to track upcoming sectors and interesting investable startups.