myProdoktSpace: Social shopping site for India

myProdoktSpace is a new, social shopping site based in Chennai. The goal of the site is to making online shopping a ’social process’. What that means is that you connect with your friends, discover new products, share ratings and reviews about the products, create wishlists etc. A user is naturally more likely to trust ratings and recommendations from their trusted network of friends.

In its current form, I did not see a ‘buy’ option on the site for any of the products. Normally a ‘buy’ button on such a site would lead to the actual retailer itself. The referrer site, in turn, gets a small fee.  I questioned the founders about their biz model and as per them, they are in talks with several retailers before adding a ‘buy’ link for the products.

While I’m sold on the idea of social shopping, I just dont think the Indian online space is quite ready for it yet. On the whole, online shopping in itself is yet to realize its true potential in India. Social shopping comes later.  Lack of widespread online credit card usage is another challenge that the site faces. But thats my gut feeling. It’d be great if these guys prove me wrong.

(No Ratings Yet)

 Loading ...

• Sumitr - another Indian social network launches
• BuzzinTown - a new social site to discover local events in India
• MarketHero: Indian stock market investing goes social

Comments

• Ads

• Polls

  What do you think about Morpheus Venture Partners ?

  • Great idea - much needed in India
  • I'm not yet convinced about how good it is
  • Dont really care

  View Results

follow startupdunia at http://twitter.com

• Categories

  • Default
  • Entrepreneurship
  • Gaming India
  • India Social Networking
  • India Web 2.0
  • India blogs
  • India broadband
  • India music
  • India portals
  • M & A
  • Misc
  • Mobile India
  • Personal
  • Stats and Numbers
  • Tech tidbit
  • VC India
  • cleantech
  • comparison
  • entertainment
  • events
  • india online advertising
  • india startups
  • interview
  • local search
  • reviews

• Archives

  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006

• Subscribe

  
  Subscribe by Email

• Recent Comments

  • Anoop Kumar on Does music help you focus better while working ?
  • pranav on Infibeam acquires Picsquare
  • pranav on Does music help you focus better while working ?
  • john on Does music help you focus better while working ?
  • Sandeep on Does music help you focus better while working ?

• Recent Posts

  • India planning to launch satellite for Internet connectivity
  • TwitPay - payments via Twitter
  • Infibeam acquires Picsquare
  • Does music help you focus better while working ?
  • BankBazaar - comparison shopping for loans

• Most Popular Posts

  • Herd mentality and Indian startups
  • Comparison of online travel portals in India
  • Bangalore gets residential WiMAX from Reliance, enterprise WiMAX from VSNL
  • Comparison of online travel portals in India - few observations
  • IndyaRocks really rocks
  • Web hosting reviews for India
  • What is your biggest fear about becoming an entrepreneur ?
  • Moser Baer stirs up the Hindi movie DVD - VCD industry
  • Somebody buy MouthShut already
  • Instablogs - a case of identity crisis ?