202, "B" Wing, IInd Floor.com, Phoenix House, Phoenix Mills Compound, 462 S B Marg, Lower Parel, Mumbai - 400013, Maharashtra, Ph 56611323, Fax 56611324.
URL: www.ebay.com
Area Of Specialization
Internet & e-Commerce
Company Headquartered At
INDIA
Company Profile
Baazee is a trading platform offering forward and reverse auctions, quick buy and classifieds modes of person-to-person trading.Baazee.com is today India's biggest online trading community on the internet where anyone can sell or buy almost anything. Baazee initially offered only auctions. Prices in the format are driven by the minimum value a seller wants for a product and the maximum value a buyer is willing to pay for it. This mechanism is called auctions. Auctions on the internet is a powerful way for sellers and buyers from geographically distant locations to transact. Sellers are able to convert their products into cash and buyers are able to find products at desired prices.
With a view to offering our seller and buyers the most convenient way to transact according to their needs as well as the demands and those of the product categories concerned, Baazee launched the Quick Buy option to buy items quickly without having to wait. It is a quick, easy and convenient way to buy items immediately. Works well for a lot of low value - impulse items. The launch of the third trading format, classifieds, opened up another new way of selling and buying at Baazee. Classifieds is similar to offline Classifieds in newspapers, magazines etc., where the seller advertises his product and receives responses from prospective buyers for the same. Currently this option is available in the Real Estate and Services categories. The basic business model of the company has been developed to facilitate trading through the site. It includes the setting up of major hubs in the cities like Mumbai, Delhi, Bangalore to name a few and spokes around each of these hubs. The company has developed this model to facilitate localized fulfillment, which is critical for the success of this business.