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August 9, 2011 04:44 pm GMT

Lightbank-Backed oBaz Launches Crowdsourced Haggling Service

oBazI've always heard that stores and retailers are willing to barter with customers on pricing, including many chains, but I never have the courage to actually haggle with salespeople. To be honest, I love the discounts but am really bad at haggling for a price. Now, with the launch of oBaz, I can simple get the new service to do all my haggling for me. Chicago-based oBaz is announcing that Lightbank, the venture firm founded by Groupon co-founders Eric Lefkofsky and Brad Keywell, has backed the startup. The amount of the investment was not disclosed.oBaz, short for online bazaar, lets anyone create their own group of like-minded buyers looking to get a good price on the same product or service. You simply post the item you'd like on oBaz, wait for people to join the group (a minimum of 25 people have to be in a group to haggle for a product), and then let oBaz work its magic. oBaz hagglers will reach out to merchants or manufacturers and leverage the group and their own negotiating expertise to get the best possible deal.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/2mytcflyayU/

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