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Reverse Auction for Retail1-10 Employees
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Reverse Auction for Retail
Price Patrol is a location based reverse auction marketplace.

We empower Brick & Mortar retailers to drive foot traffic into their stores and consumers to find anything their shopping for at stores near them. With access to the real-time inventory of 2.5 Billion items at half a million locations; Price Patrol alerts shoppers when they are near products they want and enables the retailers to send offers and deals directly to consumers near their physical location.

Reverse-auction process: a user saves a product to their wishlist; any retailer nearby with that product in stock is notified. Retailers can then bid on that consumers business by sending them offers & discounts directly in Price Patrol mobile app, driving foot traffic; they can also send all users near them a flash offer to drive foot traffic anytime.

iOS & Android downloads are over 80,000 units with upwards of 5,000 MAUs.
Retailer side (codenamed FOOTRAFFIC) has been scoped out and can be live within 10-12 weeks.
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Vincent Marconi
Avatar for Vincent Marconi
Founder @PricePatrol • Worked at @Greenberry Financial • Studied at @University Of Denver Daniels College Of Business
Valuation

$0

Funded over

1 round

Latest round

Closed (Jun 2012)

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