Mondus seeks patent for way it does ecommerce

Tender foots

Two twenty-something e-ntrepreneurs who scored £1 million in venture capital after winning a competition in the Sunday Times six months ago have finally launched their new e-business. What's more, they're looking to protect their investment by patenting their e-commerce platform in much the same was as Priceline.com. Although Mondus.co.uk went live a fortnight ago they waited until yesterday before going public with the online tender service. Aimed at the SME business-to-business (b2b in Net speak) market, Mondus.co.uk enables customers to target a number of suppliers with a single request. According to Rouzbeh Pirouz, co-founder and UK MD of Mondus.co.uk, the service has already been used 50 times to request quotes for business products such as computers and stationery supplies. A number of orders have also been placed averaging at between £5000 and £10,000. One request for tenders was just shy of £2 million. Mondus makes its money by charging a commission for sales. "With 200 suppliers already signed up we offer a whole range of business services online through one purchase request form," said Pirouz as he also announced that he had secured a further $3 million worth of investment from British Internet fund ZOUK Ventures. "It saves customers money because they benefit from competitive bids and it saves them time because it's a lot quicker than using Yellow Pages," he said. For the suppliers, it's another route to market, and a cheap and easy way to generate sales leads, he said. According to Mondus, SMEs spend more money on ordering products and services than on the actual items themselves. It claims a $27 purchase for office equipment, for example, amounts to $107 spent on the manual ordering process. ® For more bubble-bursting Net hype tune into Cash Register and turn on to our daily Net Finance News

Sign up to our Newsletter

Get IT in your inbox daily

Biting the hand that feeds IT © 1998–2017