Sprice.com

Sprice. com is an online platform that enhances e-commerce transactions by providing advanced search functionalities and personalized shopping experiences for consumers and businesses. Founded in 2006 and headquartered in Singapore, Sprice. com operates as a hotel and travel search engine.

The company has undergone strategic pivots and was recently acquired by Travelport on May 18, 2010. The acquisition terms remain undisclosed. Sprice. com has attracted investment from Sofinnova Partners and Walden Catalyst, raising a total of EUR 8.

00 mn in its latest funding round. Sprice. com primarily offers a comprehensive platform designed to facilitate e-commerce transactions, focusing on enhancing the online shopping experience for consumers and businesses alike. The core product suite includes advanced search functionalities, personalized recommendations, and streamlined checkout processes, all aimed at reducing friction in online purchases.

These services cater to a diverse client base that ranges from small to medium-sized enterprises (SMEs) seeking to optimize their online presence to large retailers looking to enhance their digital sales channels. The platform is utilized primarily in North America and Europe, where the demand for seamless online shopping experiences has surged alongside the growth of e-commerce. By serving both B2B and B2C markets, Sprice. com positions itself as a versatile solution for businesses aiming to meet the evolving needs of their customers.

Revenue for Sprice. com is generated through a subscription-based model, where businesses pay for access to the platform’s tools and services. Clients typically engage in annual or monthly subscription plans that provide varying levels of service, from basic access to premium features that include advanced analytics and targeted marketing solutions. The revenue for the most recent year was EUR 0 mn, with an EBITDA of EUR 0.

Following the recent acquisition on May 18, 2010, Sprice. com plans to leverage its new resources for product development and to expand into new markets. Specific initiatives include the launch of enhanced analytics tools set for release in 2011, and targeting greater penetration in the European and North American markets through strategic partnerships and marketing efforts. The funding raised will be utilized to support these growth strategies.