BigGo Product Search Engine Raises US$5M Series A from SOSV, Uni-President and Kyber Capital

BigGo Product Search Engine Raises $5M Series A for International Expansion
BigGo, the product search engine and price comparison platform, has completed the first close of its Series A round at US$5M. The first closing is led by Silicon Valley-headquartered venture capital firm SOSV, Uni-President Group, and Kyber Capital.
For Uni-President Group, the giant Taiwanese food conglomerate company, BigGo is its second internet investment after the investment in Sea Group, Shopee’s parent company, in 2017.
The Silicon Valley–headquartered venture capital firm SOSV reinvests. BigGo graduated from MOX Batch 3, an SOSV accelerator for cross-border mobile internet. “MOX, the Mobile Only Accelerator operated by SOSV helps startups from around the world expand cross border into new markets without spending money on customer acquisition,” says William Bao Bean, General Partner at SOSV and Managing Director at MOX. “We have been happy to help BigGo launch into Thailand and hit profitability and excited to see them enter Japan and other SE Asia markets next.”
For Kyber Capital, a global blockchain and financial innovation venture fund, this is the first time investing in the internet industry. Kyber Capital founder Thomas Hu says, “Kyber sees great prospects in BigGo’s product vision and development strategy in the vertical search engine category, as well as monetization potential by combining decentralized fintech with big data on BigGo’s platform.”
BigGo plans to use the funds to further product development and to expand internationally in markets such as Thailand, Japan, and the European Union.
“In 2020, we expect to see a 300% increase in revenue from this year. We also expect a substantial increase in users from 11 million to 25 million users,” says Kevin Yen, CEO of BigGo.
BigGo currently sells more than 4,500 Shopee orders per day, with a record high of more than 10,000 orders in a single day. Many e-commerce companies experience substantial increases in conversions and revenue growth of their products on the BigGo platform.
BigGo business includes price comparison, cashback, offline price comparison, price history tracking, and extension services. The platform is available in English, Chinese, Japanese, and Thai.
BigGo offers historical price tracking features and price reduction alerts.
BigGo’s historical price tracking feature allows users to track any product’s pricing history for up to 90 days. Users can subscribe to price alerts and receive notifications in real-time when pricing has changed, ensuring great buying opportunities will never be missed.
The browser extension helps users to buy the best price.
BigGo Helper is a browser extension that will automatically notify and display available discount codes on the checkout page of participating e-commerce sites, BigGo Helper browser extension is available on Chrome and Firefox browsers.
The Next Step for BigGo
BigGo started its international expansion launching BigGo Thai in November 2018. Since launching, it has become the top price comparison website in Thailand with an Alexa website traffic ranking of 124 for all websites in Thailand. BigGo has recently entered into a partnership with Thairath, Thailand’s largest news and media with 25M monthly active users and 160M monthly pageviews, to accelerate its growth in the Thai market.
In August 2019, BigGo launched BigGo Japan and has formed a strategic alliance with Japanese e-commerce consultant BlueGoose.
“Currently, most online price-comparison aggregator websites still rely on merchants for pricing and product updates, however relying on merchant updates is not sustainable with the sheer volume of products and online merchants that exist across the Internet. BigGo’s proprietary search engine technology automatically captures the latest product and pricing across the entire Internet. We then are able to present the best online comparison shopping deals for our users,”says Kevin Yen, Founder and CEO of BigGo.
“BigGo’s vision has always been to solve problems for our online shoppers and to become the world’s biggest price comparison website.”
About BigGo
Founded in 2016, the vertical product search engine BigGo focuses on searching for 3 billion items worldwide, including many well-known international e-commerce companies. With an online price comparison service, users could save a lot of query time and money on online shopping.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Cyberhaven Launches Linea AI to Combat Critical Insider Data Risks

Cyberhaven has recently unveiled Linea AI, an advanced AI solution aimed at enhancing data security by mitigating insider threats to essential corporate information. This platform distinguishes itself by leveraging the collective intelligence of top security analysts, applying a deep, human-like understanding to billions of data interactions within an organization.

Top 3 Legal Battles Threatening Elon Musk’s Empire

Elon Musk, the visionary behind Tesla and SpaceX, hardly needs an introduction. His ambitious ventures often catapult him into the spotlight, not just for groundbreaking innovations but also for a series of high-profile legal disputes.

Exploring Top Language Learning Apps of 2024 (Other Than Duolingo!)

As we usher in the new year, many of us are armed with resolutions, and often, topping our bucket list is the ambition to learn a new language. Yet, here’s the twist in the tale—our journey of mastering a foreign tongue is often fraught with lost tracks and dwindling motivation. What if I told you there’s a smoother path? The solution lies in your pocket: simply download a language-learning app. These digital tutors not only nudge you to keep up with your daily lessons but also offer the flexibility to master a new dialect on the go, anytime, anywhere.

Eightfold AI Joins Department of Commerce Initiative for AI Safety

Eightfold AI, an AI-driven talent solution company, has announced its involvement in a Department of Commerce initiative aimed at fostering the development and deployment of trustworthy and secure artificial intelligence (AI). This initiative, under the auspices of the National Institute of Standards and Technology (NIST), introduces the U.S. AI Safety Institute Consortium (AISIC). The consortium aims to unite a diverse group of stakeholders, encompassing AI developers, users, academia, government and industry experts and civil society bodies to advance the mission of safe and reliable AI.

What Are Shadow Boards in the Workplace? Pros and Cons

In today’s rapidly evolving business landscape, companies are constantly seeking innovative ways to maintain a competitive edge. An intriguing development in this arena is the emergence of “shadow boards”—dynamic groups within organizations designed to complement the official board of directors by offering fresh perspectives on critical business strategies. This article explores the role of shadow boards in the modern workplace and highlights their benefits, challenges and how they are shaping future business practices.