Auris Business Ventures FZCO

Founded in 2016 and headquartered in Dubai, United Arab Emirates, Auris Business Ventures FZCO specializes in digital coupon solutions.Clip the Deal operates as a digital grocery coupon and offers platform, primarily serving users in the UAE and broader Middle East region. Its core offerings include cashback deals that allow users to save significantly—up to 55%—on everyday shopping at various supermarkets. The application facilitates seamless navigation for users to clip coupons, redeem cashback, and access personalized deals based on their shopping profiles and preferences. With over 700 deals available across more than 300 partnered retail stores, including major supermarkets like Choithrams, the platform caters to a diverse customer base that includes individual consumers looking to optimize their grocery spending.The revenue structure of Clip the Deal revolves around strategic partnerships with retailers and supermarkets, allowing for a commission-based model on the cashback deals facilitated through its platform. Users engage with the platform by downloading the app, registering, and clipping deals that they subsequently redeem either through in-store purchases or by submitting receipts for cashback. This model typically involves direct-to-consumer transactions, where the company earns revenue through agreements with participating retailers on a per-transaction basis.Auris Business Ventures FZCO plans to expand its product offerings with new features aimed at enhancing user experience. This includes the development of personalized shopping tools and loyalty programs. Additionally, the company is looking to expand its reach within the Gulf Cooperation Council (GCC) region by the end of 2023, targeting markets such as Saudi Arabia and Qatar.

1. Series A

   Jun 18, 2020

   Amount

   Undisclosed

   Investors

   Locked

2. Seed

   Dec 11, 2017

   Amount

   $0.5M

   Investors

   Locked