
Retrevo
Consumer product discovery and ecommerce company recognized by time magazine as the best shopping website of 2011.
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Total Funding | 000k |
Retrevo operated as a specialized search and aggregation platform focused on the consumer electronics market. Founded in 2006 by Vipin Jain, Manish Rathi, and Jiang Wu, the company aimed to simplify the purchasing process for consumers navigating the complex world of gadgets. Headquartered in Sunnyvale, California, Retrevo secured over $11.9 million in funding across three rounds from investors including Alloy Ventures and Norwest Venture Partners, with a significant $8 million Series B round in March 2008.
The core of Retrevo's business was its proprietary artificial intelligence, which analyzed millions of data points from across the web, including professional reviews, user opinions, and product specifications. This data was then synthesized and presented to users in easy-to-understand formats like "Value Maps" and buying guides, which mapped products by price and features. The platform also served as a comprehensive repository for product information, offering access to a vast library of downloadable manuals, a feature that distinguished it early on. Initially, Retrevo generated revenue through referral fees by directing users to retail partners.
The company's business model evolved in March 2011 when it launched its own online store. This move allowed Retrevo to sell products directly to consumers, handling the transaction on its site while orders were fulfilled through partnerships with various resellers. This strategic shift provided a new revenue stream by capturing the full purchase price rather than just a referral fee, although it also introduced the challenge of maintaining editorial impartiality. The site covered a wide array of electronics, from digital cameras and HDTVs to laptops and home theater systems. In November 2012, after establishing itself as a notable resource for electronics shoppers and being named a "Best Website of 2011" by TIME Magazine, Retrevo was acquired by Shopzilla, a prominent online shopping and price comparison network. The acquisition was intended to enhance Shopzilla's portfolio by adding a dedicated vertical for in-depth consumer electronics guidance.
Keywords: Retrevo, consumer electronics, product reviews, price comparison, gadget search engine, online marketplace, Vipin Jain, Shopzilla, AI shopping, tech hardware advice, electronics manuals, Value Map, aggregator, e-commerce, tech reviews, buying guides, product specifications, electronics deals, online retail, acquisition