Incahoot (a portmanteau derived from "in cahoots") was a UK-based
group-buying website that negotiated deals on services such as
mobile phones
A mobile phone or cell phone is a portable telephone that allows users to make and receive calls over a radio frequency link while moving within a designated telephone service area, unlike fixed-location phones ( landline phones). This radio ...
,
broadband
In telecommunications, broadband or high speed is the wide-bandwidth (signal processing), bandwidth data transmission that exploits signals at a wide spread of frequencies or several different simultaneous frequencies, and is used in fast Inter ...
,
energy
Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...
and
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
. Incahoot launched in January 2011. The company was acquired by
Manx Financial Group in 2015. Manx Incahoot Lt. closed down in 2020.
Business model
Incahoot used a large member base as a bargaining tool to negotiate offers with companies. It negotiated best value deals on
mobile phones
A mobile phone or cell phone is a portable telephone that allows users to make and receive calls over a radio frequency link while moving within a designated telephone service area, unlike fixed-location phones ( landline phones). This radio ...
,
home broadband,
telephony
Telephony ( ) is the field of technology involving the development, application, and deployment of telecommunications services for the purpose of electronic transmission of voice, fax, or data, between distant parties. The history of telephony is ...
,
energy
Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...
and
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...
, as part of its mission to close the estimated 35% gap between prices offered to consumers and those negotiated by big businesses. Companies signed with Incahoot include
Three
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious and cultural significance in many societies ...
,
Plusnet
Plusnet plc is a British internet service provider (ISP) providing broadband and landline services. The company was founded in 1997 in Sheffield, and became a public limited company (plc) in July 2004 when it was floated on the Alternative Inves ...
,
nPower and
First:Utility.
Incahoot differentiate itself from other group buying sites by providing ‘essential’ items and services that most people have to buy regularly.
"Incahoot offers discounts on household essentials"
Which?.
History
The company was founded in 2008 by Norwegian-born software expert and COO Roy Edvard Ellingsen, taking his inspiration from Ownersbuy in Norway. Negotiations are led by UK CEO, John Evans, who joined the company in 2009. The company was acquired by Manx Financial Group and transformed into an employee benefits scheme. It was closed down in 2020.
References
{{reflist
Online retailers of the United Kingdom
Companies based in Wiltshire