There is a strong competition in every segment of market. The scenario is good for the consumers since because of heavy competition there is always a check on the price, however, every story has a second side to it. With so many options comes confusion for consumers. Last month a friend of mine wanted to buy a mobile phone for his brother. He had a budget set in between 12000 to 15000 and he thought it will be easy choice for him.
How wrong he was! There are so many companies which offer a product in that price range and with similar specifications, whom to trust? When you go to the reviews section you will see a complete range of reviews – 1 Star to 10 Stars. That makes situation even more complex for you.
To answer my question of trust – we have a solution now – Revaalo.com
Start-up which aims at helping consumers make informed decisions by providing them unbiased trusted consumer reviews. Now just imagine when next time you go to buy a product and you see a review of your friend – how is that going to help your decision making?
Studies have shown that if a user wants to buy/use product/service, 9 out of 10 users will search for reviews online.
Generally rating in review site is puzzling, 1st reviewer may say 10 rating & with the review “Best review on the Earth”. Next reviewer will give 1 rating with a review “Worst service on the Earth”.
As an end user who is planning to use the service, it’s completely puzzling which review to believe since he does not know the reviewer in person. Revaalo gives the reviews from known users/trusted users/experts (Users whom they know in real world). So, deciding on any local business and products will be easy with Revaalo.
Why this idea?
According to statistics 92% of the people look for reviews online before buying or using a product or a service. The idea is to help people make better decisions. The reviews present online are not trust worthy, where as reviews on Revaalo are categorized on reviews by verified users and reviews by verified friends. That would help an end user make better decisions.
The minds behind the idea
Co-founder, has 14 years experience in software industry, Engineer and PG from IIM Calcutta
Co-founder, 3 years experience in s/w industry, MTech from IIT
Before Revaalo, both the co-founders were working in the same company. Thanks to Bangalore traffic -they used to get enough time during office commutation to discuss about the entrepreneurship and Startup discussion. Co-Founders have discussed multiple problems right from Grofers, Healthkart, medical checkup, farmer’s crop insurance etc. For some there was already a startup working and for others they were not able to come up with a working business model. When Co-Founders discussed about trusted review/recommendation/rating problem, there was no ready solution & that was trigger that started www.revaalo.com .
Story so far
As they say, when you start a business to solve a common problem which everyone around is going through the chances of success are much higher. Since the team at Revaalo is doing exactly the same they have got a great response since inception.
Within 6 months of operations they have got page visits of greater than 6 lakhs and they are able to get around 2000 page hits daily.They are getting more than 200 requests for adding new business every week.
With a great idea and an experienced team, Revaalo is looking to get investors on board to expand their operations in other cities as well. Currently operating in Bangalore with the listing of 17 more cities, we are sure to see them in other cities soon. They want to make this one stop place for checking any product or a service before anyone goes ahead in buying or using them.
We wish Team Revaalo all the best and hope to bring you the news of their expansion soon.
To get the team going – ‘Growth is never by mere chance; it is the result of forces working together’.