Micromax picks up stake in Scandid

Mobile handsets maker Micromax on Wednesday said it has invested in Scandid, a savings discovery platform. Launched in June 2012, Pune-based Scandid helps customers compare prices and discover discounts across top e-commerce and local retailers, helping them make informed choices. Financial details were not disclosed. The <g data-gr-id="13">Scandid</g> investment further reinforces Micromax’s foray into application services and building an integrated mobile ecosystem, a statement said. “We have always believed in providing value to our customers. Today, users do not want to switch between different apps for shopping, be it online or offline. We have a roadmap to provide integrated services and leverage the mobile as a platform to converge these services,” Micromax co-founder Rahul Sharma said. The <g data-gr-id="14">Scandid</g> app allows users to compares prices across 10 million products from 200 online merchants.