Startup Spotlight #20: Datapare

Internet is a vast area of information that may be provided by some random people and those people don’t always…

Home
by Optimist Hub 11 October 2019

Internet is a vast area of information that may be provided by some random people and those people don’t always turn out to be the most trustworthy ones either. Well, this situation is not that different when it comes to online shopping. Many retail websites offer different prices for the same product or don’t really bother to inform you about the discounts that their competitors have and that means the information you get from those websites costs you money instead.

Consider Datapare as your conscious consumer friend you take with you when shopping. Datapare cares about your wallet, unlike those greedy retailers who want to take as much as they can. Through its extremely easy to use system, you can track the item you desire to buy and find the cheapest provider or wait to get notified when it’s on sale, ‘cause we know it hurts when you miss one. Paying less sounds cool, right? Then hurry up before you go online for shopping again!

What is the name of your startup?

Datapare

Where is your startup based?

Turkey

What are your targeted verticals for your startup?

Enterprise SaaS, Fintech

Tell us what your startup does.

Datapare helps companies to stay competitive in the business world that changes rapidly.

Tell us about your team.

We are 7 intelligent people who would like to change the rules of the business. The software development team has 4 interdisciplinary people who have an economics and engineering background. The business team trying to discover what needs to be changed.

When and why did you found your startup?

In 2015, we have started to think of competition in the retail industry. We have developed a price and product range comparison tool. But, we couldn’t find the product-market fit. So, we have visited more than 100 potential customers to understand their needs. Most of them were doing competitive research but they were doing it manually. That was the time we say “Eureka”. We believe that we have found a big problem for all companies in the world.

What are your key and unique features?

We would like to change the rules when we compare to our competitors. They are fixing something that doesn’t work. We would like to connect all the related points of business to keep them competitive.

What is your growth like?

We grow more than 20% every month in 2019.

Tell us about the numbers that matter to you.

We haven’t pivoted yet. So, we don’t have big numbers. But we are giving service to the biggest companies in Turkey, Qatar, and Europe.

What are your plans for next year and the next 5 years?

In a year we will be a global company with more than $1M ARR. In the next 5 year, we would like to be a company that attracts Google or Amazon.

Did you receive any investments?

Yes. In 2017 we have raised $120K seed fund.

Tell us 3 startups that excite you, and why?

Alexa

Crayon

AppSamurai

 


You can Apply for Startup Spotlight! We will cover you in one of our next issues!

Click here to go to the application form!