Thursday, May 03, 2007

Another Indian Startup !

Indians are truly into the next gen softwares...

Read this to understand how they search.

Menlo Park, California (November 2, 2006) – Ugenie, (, a next-generation online shopping engine focusing on true price discovery, announced today that it has raised its first venture capital funding round from BlueRun Ventures and Sierra Ventures. The $5 million investment will be used for product development and global market expansion.

"Ugenie is not just another shopping search engine. Its ability to unlock the hidden savings by taking advantage of price breaks including shipping, taxes, and any coupons available for the product or bundle of products is unique only to them," said Mark Fernandes, Managing Director, Sierra Ventures.

"The Ugenie team has the know-how and market experience to make a breakthrough in online shopping, and we are proud to support their vision", said John Gardner, Partner, BlueRun Ventures.

Ugenie founders are all Amazon veterans. Krishna Motukuri, Founder & CEO, co-founded Amazon India. Harish Abbott, Founder & President was a Sr. Program Manager at Amazon. Bharat Vijay, CTO, founded Yahoo India and the Amazon and A9 (search) development centers.

"This investment will help ugenie bring its patented technology to the masses with a single mission to save consumers real dollars." said Krishna Motukuri, Founder & CEO of ugenie. "In addition, BlueRun Ventures and Sierra Ventures, will bring tremendous business and global experience to help us execute on our strategic business objectives."

To try ugenie's beta release, go to

About ugenie

Ugenie is a next-generation online
shopping engine focusing on true price discovery for single and bundle
of items. Ugenie offers millions of unique new and used items in
categories such as books, music, movies, and games. Our promise to our
customers is "true price search" - we will help you find the cheapest
prices across the web, bottom-line prices that factor in shipping fees,
taxes, coupons, and mail-in rebates. If you wish to buy single or a
bundle of items, we promise we will save you a bundle. For more
information, visit


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