JungleCents

JungleCents operated in the online deals and affiliate marketing space, positioning itself as a platform for consumers to access significant discounts. Founded in 2009 by Sameer Mehta and Nadir Hyder in San Francisco, the company aimed to capitalize on the group-buying trend. The business model centered on offering weekly deals and discounted gift cards for prominent national brands, often valued between $20 and $50 for companies like Amazon and WholeFoods. Revenue was generated through an affiliate model, likely earning commissions on sales driven through its platform. To enhance its reach, JungleCents would partner with editorial sites to feature its deals alongside specific content.

A key milestone for the company was securing $1.5 million in a seed funding round on October 22, 2010. The platform functioned by providing subscribers with access to these limited-time offers, creating a sense of urgency and encouraging purchases. This model is part of the broader collective or group-buying market, where aggregating buyers allows for greater negotiating power with merchants, resulting in lower prices for consumers. Businesses, in turn, benefit from increased customer traffic and the ability to sell items in larger quantities. Despite its initial funding and operations, JungleCents is now listed as a deadpooled company.

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