SaveMonk, India’s savings platform, is giving cashback on its online transactions. The startup is founded by Rakshith B, student at NITK- Surathkal, in association with more than 200 stores, including Flipkart, Myntra, Jabong, Makemytrip and others. SaveMonk gives online shoppers assured cashback ranging from 2% to 40% on most of all its online transactions.
Rakshith, Co-founder CEO, said, "The platform has more than 5,000 registered users with 3,000 Android app installations since its launch a month ago. It’s been actively used by online shoppers across the country and plans to expand its customer base to more than 1 lakh users by the year-end."
He added, "It’s also the first student start-up from any college to reach 5,000 users in a short span of time."
Cashback given by SaveMonk is over and above all store discounts/offers and can be redeemed through bank account, wallet transfer or recharge.
SaveMonk is a product of Zednx Technologies Private Limited. The Zednx team is looking for in-store expansion of performance-driven marketing soon and is developing other products to expand its portfolio.