LafaLafa, a mobile-first coupons & cashback startup backed by 500Startups and Vectr Ventures launches in Hong Kong
May 30th, 2016: Exactly an year after their launch in India, LafaLafa (https://www.lafalafa.com/?c=hk) , a cashback and coupons startup for online shopping has launched in Hong Kong. It has been an eventful year for LafaLafa and they have been moving from strength to strength – with more than 800,000 downloads for their Android app in India they have captured the mobile cashback and coupons space with a high growth trajectory. They have recently even launched a chrome extension in India so that LafaLafa members never miss out on the best cashback. LafaLafa have just retuned from the 500 startups Accelerator programme in Silicon Valley and are now armed with all the ‘distro’ know-how to grow their business even faster and are also backed by Hong Kong based Vectr Ventures.
On the Hong Kong launch, LafaLafa’s founder, Yosha says, “Hong Kong has been my home for the last 7 years and it is incredibly exciting to see the growth of the startup ecosystem here. Ecommerce, especially cross border ecommerce is growing rapidly in Hong Kong. A number of studies show that Hong Kong customers have the highest online spending - we are very sure that with the ‘smart shopping’ discerning outlook of Hong Kong users, cashback will be a big hit.”
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“Think Savings – Think LafaLafa”. LafaLafa is on a mission to enable the maximum savings on the go for everyone by enabling users to get the best coupons, offers and extra cashback for 500+ online stores like TaoBao, GrouponHK, Zalora, MyDress, Asos, Macy’s, Bloomingdales Rakuten Global Market, Expedia, Hotels.com, Agoda and more. LafaLafa is Hong Kong and India’s only mobile-first cashback app with powerful capabilities of search & social referrals –they are a step ahead from coupons only apps as they share the commission they earn from ecommerce websites with their users as EXTRA LafaLafa Cashback which is redeemable straight for shopping vouchers and bank transfer thus enabling extra savings 365 days a year!