Great Discount Place (GDP)

A hybrid between core offline retail consumer space and the O2O commerce ecosystem.

Business Model: B2C

Revenue: $0

Employees: 11-50

Detailed Great Discount Place (GDP) Information

Geographic Data

Great Discount Place (GDP) headquarters map

Address:

City: Pune

State: Maharashtra

Zip:

Country: India

Financial Info

Stage:

seed

Raised Last:

$700k

Raised Total:

$700k

Metrics

0Website Global Rank

0Website Monthly Traffic

Twitter Followers

Description

Addressing the pain-point between the merchant/retailer/brand and the consumer via the 5T&s;s (Type, Tariff, Time, Technology and Travel). We are beyond just another discount platform. Although discount is the main ingredient of the business, we thrive to create a black and white merchant/retailer/brand and consumer relationship, provide real time saving solutions, create a synergy between the offline and online retail space, bridge the gap between urban and rural India, address the need of the consumer in rural India, create a comfortable ecosystem for the merchant/retailer/brand to provide deeper benefits to the consumer, involve the consumer within the business, create jobs and have a social impact on the society and create a global foot print to add on value to both the Indian and global consumer. • The identification of the pain point (direct and indirect to the consumer) was the latent need of the hour and post the digital drive and demonetization in India, it is now the absolute need of the hour. • With 76% of Indians residing in Rural India, the transition from feature to smart phones, gradual adaptability to the digital age by the Indian consumer across all segments and spike in the use of digital transactions, we are convinced that this is the right time to create a digital consumer drive and cater to this pain point via the hybrid platform of the core offline retail and O2O commerce and address the merchant / consumer pain point via the 5T’s – type, tariff, technology, time &a; travel. The Problem worth Solving: Enabling mobility &a; creating experience towards consumer freedom without circumstances in relevance to the their expenditure and purchase elements on daily, weekly, monthly and yearly basis Pan India, initiate a win/win platform for merchant participation by increasing business &a; income opportunities for the merchant, create a well balanced offline and online consumer retail benefit &a; synergy ecosystem, create value, inspiration, cultural change, initiate digital literacy &a; digital adaptation in Rural India and change consumer misconception mentality. We have identified that an average Indian has four latent needs:- - National Fame - Cricket - Bollywood - "Savings" During the on-ground real time consumer validation, we understood that they (consumers):- 1- Love it simple (technology, online payments, ease of navigation, ease of purchase and ease of comfort) 2- Love it transparent (be in control, deal directly with the merchant, no hidden cost, no additional commission, one time amortized cost for services and the outcome (discount) should be real time and on the spot) 3- Love unlimited options (no circumstances, complete freedom, not bound by either "offline-only OR online-only", love discounts across all their needs, choices and wants, pay once - avail discounts everywhere and anywhere, mix of local, small merchants along with pan India retailers) 4- Love to experience it all (not bound down by price, ability to save more to do/experience more, value for money, daily needs along with weekly, monthly and yearly needs, be able to travel and not worry about budget) 5- Love - Love - Love to "Save" - consistently - :) We have made this platform exceedingly easy and transparent. Our key focus was, is and will always be the "simplicity" attitude. We want to be a platform that is simple, efficient, meets the consumer’s needs, choice and demands and always maintain a significant level of efficiency for the merchants/retailers/brands. A market place that allows the choice to be with the consumers and the control to be with the merchants/retailers/brands.

Contact Phone:

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
8/2015 Seed Round $700k
Announced Date Name Price

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