IPrice is an online aggregator that simplifies a consumer's shopping experience by allowing them to browse for products and compare prices from various online stores.
iprice provides the service of hosting products from several Southeast Asian e-commerce sites on one platform.
IPrice was founded in 2014 by David Chmelař and Heinrich Wendel. The company is headquartered in Kuala Lumpur, Malaysia. The company is operating in seven countries across Southeast Asia namely Malaysia, Singapore, Indonesia, Thailand, Philippines, Vietnam, and Hong Kong.
iPrice Group operates three business lines at the moment: price comparison for electronics, health and beauty; product discovery for fashion and home and living; and coupons for all verticals.
iPrice aggregates the best offers from more than 7 billion products and 8 million sellers on a single platform. iPrice has already partnered with multiple lending service providers in Indonesia, Vietnam, the Philippines, and Singapore.
iPrice is backed by Itochu Corporation, KDDI Open Innovation Fund III, Cento Ventures, Venturra Capital, ACA Investments, Daiwa PI Partners, LINE Ventures, Mirae Asset-Naver Asia Growth Fund, and others. The company raised $5M in new financing on Mar 23, 2022. This brings iPrice's total funding to $26.3M to date.