Came across this online group shopping place - govasool.com.

The basic idea is simple, yet very innovative. Buyers can form a virtual group to buy one item. Sellers can bid for the order with their prices. Idea is that the more the number of buyers, the lower the prices will be at which sellers will bid, providing a bulk discount. The buyers will finally have to pay the lowest price  bid creating a win-win situation for everyone.

I do not remember seeing such online service anywhere else.

One can search and compare products as well on the website. As of now this portal services only Bangalore city. This is a killer idea (and unfortunately easily replicable for people who are already in the online market place biz). The founders will have to rapidly expand to other cities to make an impact.

I haven’t tried buying anything yet, so cannot really comment on the timely and accurate delivery.

Filed under: Startup