JingleBid understands that corner stores greatly drive the economy and have created a decentralised marketplace that is a win-win for both sellers and buyers. JingleBid's marketplace is a platform to help local sellers by connecting them to buyers.
JingleBid's core mission is to save you time and money with our decentralised marketplace. We started with a simple proof of concept in May 2020, and now we are a full-blown marketplace. Before deciding to purchase, the primary concern is knowing if the price is right. JingleBid solves this problem as you receive prices from sellers whom you have not checked before. When the received bid is less than what you have already checked, both online and offline, you know you have found the right place to buy the product.
JingleBid refines the best sellers around your location and onboards sellers who care about their customers.
Reverse Auction is an auction method where the roles are reversed, meaning the sellers of a product are the actual bidders. This essentially means that several sellers are bidding for a sale with one customer.
In a supply-driven marketplace, products from the sellers are listed. In Jinglebid, we list products that are most in need by customers and based on the demand, the sellers are identified. This makes it more efficient for both the buyers and the sellers.
Decentralisation has revolutionised the world, giving more power to the customers. India has a vibrant retail industry throughout the country, including tier-2 and tier-3 cities. Most of the products are available within a 5 KM radius from where you are. This solves issues like delayed delivery, unresolved returns and replacements, all leveraging existing systems in place. Jinglebid organises this sector and brings a uniform customer experience on top of it.
Conventional online shopping platforms have widened the gap between buyers and brick and mortar stores, whereas Jinglebid bridges this gap by connecting buyers with genuine nearby sellers.
This is our journey of the last few years, which always inspires people.
The product was launched on an invite-only basis. 1st order was delivered by a local seller.
A team of 4 started working on operations, completing the first month with 4 Lakhs gross ₹ merchandise value and 500 users.
JingleBid IOS App was launched.
Reached 3000 users.
Venkatesh Kannan and Srivas joined as co-founders to take control of operations and finance.
Secured first seed funding of $100,000 from angel investors.
Sold a bike, the 1st sale in the automobile category.
The web app was launched.
Completion of 6 months with 10000+ users, 1000+ sellers and 2.5 crores gross merchandise ₹ value.
Founders delivered the first keynote speech on achievements and future plans called "JingleBid 2020".
We were listed on "100 Top Apps in E-commerce" in the app store.
Bangalore soft launch.
We raised a $600k seed fund.
We reached 50,000+ users.
We achieved 100k app downloads on the play store.
Coming Soon.
JingleBid is not just a business; it is a vision. JingleBid has gained immense traction, and the vision became a reality with the diligent efforts of ambitious minds.
Krishnan is a serial entrepreneur with over 30 years of global technology and entrepreneurial experience. As the chief executive officer, he leads the company's vision, strategy, business development, and technology. His ongoing contribution to the company includes designing the technology architecture and applications to implement the reverse-auction online marketplace and devising and implementing differentiated value propositions for the various segments addressed by the company's marketplace.
Founder
Chief Executive Officer
Sudarsan is a serial entrepreneur who has made a career out of unconventional problem-solving approaches and intuitive insights into the market's pain points and wants. As the company's chief product officer, he spearheads the company's product evolution with his unique perspective on the marketplace's needs and wants. Sudarsan has over a 10-year track record of successfully converting novel business concepts into scalable, market-ready solutions. Aside from the company, he has founded / co-founded five ventures.
Founder
Chief Product Officer
As the company's chief financial officer, Venkatesh Kannan leads the company's finance and corporate development initiatives. He has over 13 years of operations and finance experience and has played an instrumental role in the company's capital raising since its inception. Venkatesh Kannan guides the company's growth and evolution through data-driven, actionable insights into key performance metrics and a continuous review and refinement of the company's value proposition as it compares to competition and market preferences.
Co- Founder
Chief Financial Officer
A serial entrepreneur, Srivas leads the company's operations, with a specific focus on process automation and efficiency. A mechanical engineer by training, he commenced his entrepreneurial chapter after nearly four years of serving Daimler AG as a graduate engineer trainee and, eventually, after-sales manager. Aside from the company, Srivas has founded/co- founded five ventures operating in various sectors, including enterprise resource planning (ERP), renewable energy, and fast-moving consumer goods (FMCG).
Co- Founder
Chief Operating Officer
JingleBid is not just a business; it is a vision. JingleBid has gained immense traction, and the vision became a reality with the diligent efforts of ambitious minds.
Founder
Chief Executive Officer
Krishnan is a serial entrepreneur with over 30 years of global technology and entrepreneurial experience. As the chief executive officer, he leads the company's vision, strategy, business development, and technology. His ongoing contribution to the company includes designing the technology architecture and applications to implement the reverse-auction online marketplace and devising and implementing differentiated value propositions for the various segments addressed by the company's marketplace.
Founder
Chief Product Officer
Sudarsan is a serial entrepreneur who has made a career out of unconventional problem-solving approaches and intuitive insights into the market's pain points and wants. As the company's chief product officer, he spearheads the company's product evolution with his unique perspective on the marketplace's needs and wants. Sudarsan has over a 10-year track record of successfully converting novel business concepts into scalable, market-ready solutions. Aside from the company, he has founded / co-founded five ventures.
Co- Founder
Chief Financial Officer
As the company's chief financial officer, Venkatesh Kannan leads the company's finance and corporate development initiatives. He has over 13 years of operations and finance experience and has played an instrumental role in the company's capital raising since its inception. Venkatesh Kannan guides the company's growth and evolution through data-driven, actionable insights into key performance metrics and a continuous review and refinement of the company's value proposition as it compares to competition and market preferences.
Co- Founder
Chief Operating Officer
A serial entrepreneur, Srivas leads the company's operations, with a specific focus on process automation and efficiency. A mechanical engineer by training, he commenced his entrepreneurial chapter after nearly four years of serving Daimler AG as a graduate engineer trainee and, eventually, after-sales manager. Aside from the company, Srivas has founded/co- founded five ventures operating in various sectors, including enterprise resource planning (ERP), renewable energy, and fast-moving consumer goods (FMCG).
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