“We are walking on the road to success while transforming the space for e-commerce sector and emerging as an online coupons and deals leader”, Vipin Kumar Yadav, Founder and CEO, Couponhaat.in
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| Vipin Kumar Yadav, Founder and CEO, Coupnhaat.in |
ST
Bureau: When did you decide to take the path of
‘entrepreneurship’ as your career? Do you remember any special incident?
Bureau: When did you decide to take the path of
‘entrepreneurship’ as your career? Do you remember any special incident?
Vipin
Kumar Yadav:
From my childhood days, I was keen to become an entrepreneur. I always dreamed
of being successful and having a great story to tell my grandchildren one day. I
wanted to own where and when I worked and what I did every day. These were the
things which motivated me to start something of my own.
Kumar Yadav:
From my childhood days, I was keen to become an entrepreneur. I always dreamed
of being successful and having a great story to tell my grandchildren one day. I
wanted to own where and when I worked and what I did every day. These were the
things which motivated me to start something of my own.
After working for an MNC for few years, I
decided to step into the world of entrepreneurship. I have been very passionate
about exploring new things, particularly which can value add to people in their
day to day life. I have always thought that something lacked in other coupon
and deal sites and even though the online coupons and deals market in India has
seen unprecedented growth over the past couple of years; the size of the market
is very small as compared to global standards.
decided to step into the world of entrepreneurship. I have been very passionate
about exploring new things, particularly which can value add to people in their
day to day life. I have always thought that something lacked in other coupon
and deal sites and even though the online coupons and deals market in India has
seen unprecedented growth over the past couple of years; the size of the market
is very small as compared to global standards.
One day, while I was buying
few products online for myself, I somehow realized that there is a business
scope in the online coupons and deals. After initial research, it came to my
realization that this is an opportunity which should not be missed. And
Couponhaat was born in my small rented room. I built up initial version, showed
it to some of the friends from Europe and they liked it. This marked my journey
as an entrepreneur that has been exciting and worth every step of the way.
few products online for myself, I somehow realized that there is a business
scope in the online coupons and deals. After initial research, it came to my
realization that this is an opportunity which should not be missed. And
Couponhaat was born in my small rented room. I built up initial version, showed
it to some of the friends from Europe and they liked it. This marked my journey
as an entrepreneur that has been exciting and worth every step of the way.
ST
Bureau: Can you briefly tell us more about your
startup?
Bureau: Can you briefly tell us more about your
startup?
Vipin
Kumar Yadav:
Couponhaat.in an online platform to offer the best online coupons and deals
available across the e-commerce marketplace. Coupnhaat’s main focus is to offer
benefits to its users by providing them irresistibly economical deals &
coupons – they also offer enticing freebies, and giveaways.
Kumar Yadav:
Couponhaat.in an online platform to offer the best online coupons and deals
available across the e-commerce marketplace. Coupnhaat’s main focus is to offer
benefits to its users by providing them irresistibly economical deals &
coupons – they also offer enticing freebies, and giveaways.
Couponhaat regularly
updates promo codes, coupons and deals of various brands, which help both
buyers and the brands. Couponhaat has more than 300,000 coupons to redeem and
7,000 live coupons and deals. Customers can save their time as well as money significantly
and avail unique online shopping experience which in turn will leave them in
awe.
updates promo codes, coupons and deals of various brands, which help both
buyers and the brands. Couponhaat has more than 300,000 coupons to redeem and
7,000 live coupons and deals. Customers can save their time as well as money significantly
and avail unique online shopping experience which in turn will leave them in
awe.
ST
Bureau: How big is your team at present?
Bureau: How big is your team at present?
Vipin
Kumar Yadav:
We started our business with a team of four which has now expanded to more than
20. We’re looking forward to getting new people on board.
Kumar Yadav:
We started our business with a team of four which has now expanded to more than
20. We’re looking forward to getting new people on board.
ST
Bureau: Did you get any funding for your startup? Are you planning to attract
funding in the near future?
Bureau: Did you get any funding for your startup? Are you planning to attract
funding in the near future?
Vipin
Kumar Yadav:
Since the early inception of Couponhaat, we have been investing from our own
pocket. However, we are eyeing to raise around USD two million in series A
funding and already in talks with potential investors from Europe and Middle
East.
Kumar Yadav:
Since the early inception of Couponhaat, we have been investing from our own
pocket. However, we are eyeing to raise around USD two million in series A
funding and already in talks with potential investors from Europe and Middle
East.
ST
Bureau: What challenges do you face in your daily professional life?
Bureau: What challenges do you face in your daily professional life?
Vipin
Kumar Yadav:
In any business, challenges are part and parcel of the journey. Irrespective of
the size of the business, challenges can’t be ignored at any point in time.
Initially, we faced challenges starting with building up our start-up team, and
had to devote time and energy to select the team members and making them
acquainted with our work culture.
Kumar Yadav:
In any business, challenges are part and parcel of the journey. Irrespective of
the size of the business, challenges can’t be ignored at any point in time.
Initially, we faced challenges starting with building up our start-up team, and
had to devote time and energy to select the team members and making them
acquainted with our work culture.
I think once you build good
team members, other big challenges are surmountable.
team members, other big challenges are surmountable.
Other major challenge we
are facing is capital. Hence, we are looking to raise funds to make it to the
next level and are in the process of raising funds and are already in talks
with potential investors from Europe and Middle East.
are facing is capital. Hence, we are looking to raise funds to make it to the
next level and are in the process of raising funds and are already in talks
with potential investors from Europe and Middle East.
ST
Bureau: How do you see yourself in next 2 years from now?
Bureau: How do you see yourself in next 2 years from now?
Vipin
Kumar Yadav:
Going forward, we are targeting to expand our reach to people who are not using
deals and coupons websites. The market for coupons and deals in the country is
all set to grow significantly over the next few years. We are making our
technological capabilities superior and provide best solutions to our
customers.
Kumar Yadav:
Going forward, we are targeting to expand our reach to people who are not using
deals and coupons websites. The market for coupons and deals in the country is
all set to grow significantly over the next few years. We are making our
technological capabilities superior and provide best solutions to our
customers.
We are walking on the road
to success while transforming the space for e-commerce sector and emerging as an
online coupons and deals leader.
to success while transforming the space for e-commerce sector and emerging as an
online coupons and deals leader.
ST
Bureau: What are your hobbies in your personal life? Which is your favorite
holiday destination?
Bureau: What are your hobbies in your personal life? Which is your favorite
holiday destination?
Vipin
Kumar Yadav:
In free time, I love to spend my time with my friends and family to go around
the city and movie. I also like to read about successful people in my free
time. My favorite holiday destination is Venice, Italy.
Kumar Yadav:
In free time, I love to spend my time with my friends and family to go around
the city and movie. I also like to read about successful people in my free
time. My favorite holiday destination is Venice, Italy.
Interviewed by- Startup Terminal Bureau
