Mavatar Launches iPad App; Shopping Online Will Never Be The Same Again

SAN FRANCISCO, May 9, 2013 /PRNewswire/ -- Mavatar Technologies is proud to announce the company's launch of their free, game-changing iPad app, allowing consumers to comparison shop across multiple top retailers while also automatically searching for the best available coupons and promo codes. The company recently received one million dollars in seed funding from Super Angels and just came off a great show last week at Tech Crunch's Startup Alley, part of Disrupt NY 2013, captivating attendees, media and industry leaders with their revolutionary product. This iPad app and web browser add-on saves consumers' time and money shopping online, while ensuring them they're receiving the best possible deal online by finding all valid promo codes and automatically applying them with the users' saved personal deals at checkout.

(Photo: http://photos.prnewswire.com/prnh/20130509/SF10787)

Mavatar, already generating positive buzz, was just named Best Shopping App by a leading lifestyle product expert and TV personality. Everyone from a busy mom to the savviest fashionista will never shop online the same way again. Mavatar changes the online shopping experience to make it streamlined and organized. The app allows users to create one wishlist with all their saved items in one place, regardless of the store, thus eliminating the need to manage multiple lists. Birthday, holiday, and wedding gift shopping just became much simpler, efficient and way more fun. Plus, Mavatar's users have a more social shopping experience than non-users through its ability to store all personal coupons in one place, making it easy to share them with family and friends.

Newly added stores Saks Fifth Avenue, Levi's and Quicksilver join the other supported stores including favorite brand names Macy's, Nordstrom, Neiman Marcus, Banana Republic, Gap, and Old Navy, as well as other top retailers such as Bloomingdale's, Athleta, Bergdorf Goodman, Horchow, Last Call, and Piperlime. The company is adding more stores at a rapid rate and soon plans to have hundreds of them supported through its platform.

"To imagine we would have received such an initial positive response from the technology community and the media during our pre-launch period, is such a great validation for an idea that came to me during a Stanford Graduate School of Business class," said 2010 graduate, Susan Akbarpour, co-founder and President of Mavatar. "The topic was user data and the professor was key seed investor, Jeff Moore. His investment, as well as the support of the rest of our seed investors and Advisory Board is a testament to the potential power and influence Mavatar will have over the e-commerce space."

After receiving great response at leading industry events including the Women 2.0 conference in February, where the company was a top 10 finalist in the PITCH competition and at the Tech Crunch Start-Up Alley event at Disrupt NY 2013 last week, Mavatar was excited to debut their iPad app to the public last night at #SFBeta iOS Edition in San Francisco at 111 Minna Gallery.  Since 2006 #sfbeta is a quarterly startup gathering celebrating the people and ideas of Silicon Valley, boasting a community of 9,000 technology entrepreneurs.

"We're honored to have been one of the 14 companies recognized by the SF Beta Community for work and technology that is pushing the iPad & iPhone to new heights," said Dr. Brom Mahbod, co-founder and CEO, Mavatar Technologies.

Mavatar Technologies recently received $1 million in investment capital from former Facebook CPO, Chris Kelly, scientist and award-winning retired Stanford Graduate School of Business lecturer, Jeffery Moore, CEO of Triton Systems, Ross Haghighat, and Medical Director of Pain Specialists of Orange County, Dr. Afshin Grayeli and his wife Anousheh.

Mavatar's advisory board members include Jerry Socol (former CEO, Filene's), Jeffrey Moore (Scientist, retired senior lecturer, Stanford Graduate School of Business), Paul Deneve (CEO, Yves Saint Laurent and former CEO of Lanvin & Nina Ricci), Chris Kelly (former Chief Privacy Offer, Facebook), Ross Haghighat (Entrepreneur/VC, Triton System, Chairman/CEO), and Mitch Stein (User Experience Scientist in Apple, IBM Research, Oracle).

To view Mavatar video on YouTube, please visit: http://www.youtube.com/watch?v=A7nGW8ovO_Q

About Mavatar Technologies
Mavatar Technologies, Inc. is a privately held company that offers a smarter online shopping solution by combining patent-pending technology with a superior user experience. The company's core technology consists of a universal shopping platform that allows users to comparison shop across multiple retailers at the same time while applying all promotions available to purchases automatically. For the consumer, Mavatar delivers a simplified and personalized shopping experience with the best pricing. For the merchant, Mavatar helps to reduce cart abandonment while strengthening brand identity and marketing efforts. The company was founded in 2011 and is located in Silicon Valley. For more information, please go to www.mavatar.com or visit Mavatar on Facebook, Twitter and Pinterest.

MEDIA CONTACT:
ALEXANDRA SKILLMAN    P:  415-342-6425  E: [email protected] Twitter: @alexandrajo

SOURCE Mavatar Technologies, Inc.

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