The Onyougo startup have just realize an investment round of 100,000 Euros with a business model based on price comparison of electronics products through a simple mobile application, with which the company seek to revolutionize the market and overcome the previous model comparison.
Onyougo is a mobile application that lets us know the lowest prices of any item. By only approaching the mobile device to the bar code, the system searches for the best prices from over 18 million references (online and in physical stores), letting us to know insitu if the product in which we are interested is cheaper on another store. In addition, the software reports where is the nearest physical store to the user, which it has that same object but at a better price.
The app has a database with over 80,000 geo localized shops and 19 million products from any market.
The startup, which was accelerated by Connector, has just completed an investment round worth 100,000 Euros from the investors Alva House (with Axel Serena), Miguel Vicente Founds (founder of LetsBonus), Gerard Olivé (founder of Wallapop), Marc Ros, Risto Mejide Vicente Alan, Carlos Blanco and Antai.
These raised funds will be used by the company to consolidate the change in its business model, to promote internationalization and to reach 400,000 users in Spain, USA, Italy and France, markets where the company it is already present.