Supriya Ghosh (Editor)

Save22

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Covid-19
Developer(s)  BOB FTW PTE LTD
Development status  Active
Initial release  2010 (2010)
Operating system  Android, iOS
Stable release  1.1.0 on Android 2.0.1 on iOS
Written in  Objective C, Java, Python

Save22 is an Asian web & mobile shopping app that scans products and finds local stores selling that product. The iPhone app version of Save22 (then known as Lobangclub) won Asia's Most Valuable App 2011 Award at Singtel TechVenture.

Contents

By 2012, the app has been number 1 in its category in the App Store and has expanded to the Philippines, Malaysia and Singapore

Save22 is cross platform, it is currently available on iOS and Android devices.

History

The company was founded by Guyi Shen with co-founders Ronald Cheung and Jeremy Foo, the app was originally named Lobangclub. The name was later changed due to an unexpected meaning of the world lobang in Bahasa Indonesian.  The company is headquartered at NTU in Singapore, with its main work campus in Manila, Philippines.

Investments

Save22 has received an undisclosed sum of funding from Crystal Horse Investments and MDA;  After the investment, CEO of Crystal Horse Investments, Michiel Wind posted on AngelList:

Save22 is an innovative, SouthEast Asian startup company in the area of price-comparison, combining mobile and web solutions.

Controversy

CEO Guyi Shen was featured on the reality TV Show Angel's Gate and appeared to agree on a mentoring relationship with two of the angels on the show for 10% equity in the company.  This agreement was widely ridiculed as an example of investors taking advantage of entrepreneurs in the Singapore startup ecosystem.  It later was revealed that the agreement never progressed beyond the TV studio.

Features

The app allows user to scan items at home or in store to find similar products in nearby stores and compare prices. This can also be done with a name search. Users can also add new products to the database thus incrementally building a bigger listing of products.

Public reception

The app was judged Asia's most valuable App 2011 by Singtel Techventure.  Subsequently, the company was invited to launch the app at the inaugural DEMO Asia 2012.

The Straits Times reviewed the app and called it a "Must Have".

The app maintains a 3.5 out of 5 stars rating in the App store and a 5 out 5 stars rating in the Play Store.

References

Save22 Wikipedia


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