Global Superangels Forum 2011 Invites Cazbak

Online, December 8, 2011 (Newswire.com) - Cazbak (www.cazbak.in) was recently invited to Global Superangels Forum 2011 at Delhi to showcase their company, in November this year. GSF 2011 invited top 33 exciting start up companies from across India to showcase their company in front of more than 200 early stage investors, Founders and VCs from across the globe.

Cazbak was amongst the Super 30 start-ups and the only company from Gujarat to be showcased in the event. Various investors and VCs are in talks with Cazbak now to discuss seed funding options for the company. Cazbak is expected to raise around half million USD for their company, through this event, which would be used for product development, advertising and branding purposes.

Founded in 2011 by Rauf Saiyed, a graduate from RIT, NY - Cazbak is one of the leading sites, which allows cash back discounts for any purchase made through its portal. What makes Cazbak stand apart is Cazbak does not sell itself, but actually partners with various e-commerce sites like Flipkart, Yatra, Shopper's Stop, Makemytrip, Yebhi.com, Monster.com, mydala, snapdeal, zoomin,Jet Airways, Naaptol, etc. to bring to it's customers a unique cash back scheme for all purchases made online. The best part is it not just relating to shopping for consumer goods but also products like Monster resume building and all.

In a span of less than 6 months, Cazbak has already crossed 1500 user base and has already had nearly 40 users who have earned more than Rs. 2000 from the site. With this new expected funding Cazbak promises to bring to its users many more partner sites allowing users to earn a lot more from their shopping experience. With this new funding Cazbak promises to be the next big thing in e-commerce in India, bringing together both customers as well as sellers on the same platform.