Photo - Ruby
48795

Ruby

Price tracking, retailer price comparison website

Portugal
Market: Internet and IT, Services
Stage of the project: Idea or something is already done

Date of last change: 17.08.2020
Min investment
$  50.000
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Total required
$ 150.000
Rating
equalizer из 1000
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Idea

Ruby is a price tracking, retailer price comparison, and coupon code viewer website. With our website users can track prices being notified by email, phone or website notification on the price drop, they can also use our website to compare prices between retailers and also see coupon codes offered by retailers.

Current Status

We currently have our website working but we are now finishing our new website that will allow a better user experience and simplify the usability of the website/service.

Market

Since we have a lot of retailers and thousands of products our market is really diversified and does not have a specific market segment.

Problem or Opportunity

Every day people buy products from the internet, even more now during the COVID-19, and there are a lot of retailers selling the same product.

Solution (product or service)

To fix this issue Ruby was built to help you compare retailer's prices for a product or track a retailer's price giving to the user the best price at any given moment.

Competitors

We have a couple of competitors, like Honey, but with Ruby, we are offering more features making Ruby a better alternative.

Advantages or differentiators

In our website we allow the user to compare retailers, track prices, and see coupon codes.

Finance

We currently make money off sale percentage and CPC, cost per click, and service subscription.
With the launch of the new website, we can expect a big increase in revenue since products will be directly displayed to our users increasing click rate.

Business model

Our service is 100% free so the user can have an idea of how it works but if he wishes to have access to more features we offer a monthly subscription.

We also generate income from CPC, cost per click going from 0.05€/click to 0.5€/click, and sale percentage, ranging from 5% to 20% per sale.

Money will be spent on

Developing new features, researching better ways to increase revenue and user experience, and developing a mobile app plus a browser extension.

Offer for investor

We are open to negotiations and offers from any investor and we will take them always into consideration.

Team or Management

Photos

Photo 1 - Price tracking, retailer price comparison website
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video