The six-month old cashback website Zingoy.com, launched by Parity Cube Pvt Ltd, said its user base is growing by 50% every month. In addition, Zingoy claimed, it has contributed Rs. 40 crore to the total GMV of e-commerce websites in just 180 days after launch.
At present, there are now 350+ merchant partners on the site, and 1,20,000 users, already on board, making it the fastest growing cashback site in India with almost Rs 1 crore cashback rendered thus far announced the press release.
Mehul Jobanputra, Co-founder, Zingoy.com, said, “At Parity Cube, we have always believed in launching products which can help shoppers save. With Zingoy, we take saving a step further and allow users to earn as well. Looking at the tremendous response in such a short time, we intend to be one of the best cashback sites in next one year and to double the cashback amount, given so far, to two crores.”
Adding further, Jimish Jobanputra, CTO and Co-founder, Zingoy.com, said, “Zingoy brings Social Shopping and Online Marketing to a new level. The technology backend is designed in such a way that online shoppers can generate and share a unique link and all purchases made via those links are automatically tracked by Zingoy.com and cash is transferred to the account of the user, who created the link.”