Dealite.in offers brands @ 5% of MRP
Dealite.in has launched their disruptive auction site where buyers compete with limited bidders in quick-format auctions to win products at up to 5% of MRP. The founding team includes ex-eBay, ex-PayPal, IIM-A alumni and eCommerce industry veterans.
Dealite differentiates by being exclusive to a limited number of bidders who buy a seat to participate in an auction. Dealite offers them an equal amount of free bids which can be used in the auction in return. As the starting price is always zero and each bid increments by only Re. 1, auction participants can win premium products at 5% of MRP. Dealite provides all participants an option to 'Buy it Now', where the entire seat cost and bids are added to the final discount.
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