Rising Sun pumps $3 million into deal-search firm Dealcha
US-BASED Rising Sun Ventures announced a US$3-million (Bt100 million) investment in Dealcha, Thailand’s first cashback and loyalty platform for online shopping.
Dealcha’s 2018 deal-search aggregator also helps customers to find the best products at the best deals, both in terms of price and cashback opportunity – www.dealcha.com is a private company founded in 2015.
“We have found an incredible partner in Rising Sun Ventures. With their contributions, we will be able to even further expand revenue growth and improve our customer experience,” a statement from Dealcha co-founders Jack Chaiyupatumpa, Danny Chang, and Sebastien Le Bihan said.
“Rising Sun Ventures provides an international network of partners in the payment space; and their expertise in payment technologies, mobile payment infrastructure, and data analytics will benefit our merchant partners and customer data analytics and targeting platform,” the statement added.
Dealcha offers online retail customers not only cashback, but also content, blogs, price comparisons and business-to-business solutions. Dealcha provides its 100-plus merchant partners a two times conversion rate compared to other platforms, increased target exposure, and specialised data analytics.
“The addition of Dealcha.com to our broad and growing portfolio of payments and analytics companies continues to strengthen our presence in the Asia-Pacific market. In fact, Dealcha joins a truly international, multi-continental network with a focus on data aggregation and data analytics solutions,” said Jerome Cle, founder and executive chairman of Rising Sun Ventures.
“We look forward to knowledge-sharing across the portfolio, and contributing to Dealcha’s ability to reach its incredible potential in the marketplace,” added Doug Merryman, vice chairman of Rising Sun Ventures.
The website www.dealcha.com is Thailand’s first cashback online site, offering users the opportunity to earn free cash through online shopping activity. Customers can register for free on the Dealcha website, choose any of the partner online stores and are credited with a percentage of the purchase price of any items bought online.
The cashback credit can be redeemed for actual cash, completely free of charge to the customer.