Everipedia Logo
Everipedia is now IQ.wiki - Join the IQ Brainlist and our Discord for early access to editing on the new platform and to participate in the beta testing.
AskMeBazaar

AskMeBazaar

AskmeBazaar is an online marketplace founded in 2012. It is based in India and sells products across varied categories including lifestyle, fashion, home décor, electronics, auto and sports and health among others. It works on the concept of what it calls a marketplace, connecting the buyers and sellers at one place. The e-commerce player is owned by Getit Infoservices Private Limited and follow a vendor-managed inventory model. As of May 2016, the online marketplace operated in 50 cities with a yearly Gross merchandise volume of approximately $800 million. [1]

AskmeBazaar
Private
IndustryInternet
Founded2012
HeadquartersGurgaon, Haryana, India
Area served
India
ServicesE-commerce (Online shopping)
Websitewww.askmebazaar.com

Background

AskmeBazaar was started by founder and CEO, Kiran Murthi, an alumnus of Indian Institute of Technology Madras and Indian Institute of Management Bangalore. [2]

The product portfolio of AskmeBazaar ranges across categories like home and office, grocery, medical equipment and furniture.

[3] The firm has siblings like online grocer AskmeGrocery for fresh grocery, AskmeFresh for perishable grocery, [4] AskmeMeds for pharmacy products, and AskmePay, an online wallet, owned by the same parent company. [5]

Funding

Ananda Krishnan's Astro Malaysia Holdings, a media and entertainment holding company located in Malaysia has been the chief investor for the E-commerce firm. In February 2016, AskmeBazaar planned to raise the second round of funding and had approached Chinese giant Alibaba Group and Chinese web services giant Baidu. [6]

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Jul 14, 2016, 12:26 PM
[2]
Citation Linkfinancialexpress.com"Askmebazaar targets break-even this year"
Jul 14, 2016, 12:26 PM
[3]
Citation Linkfreepressjournal.in"Q & A with Kiran Murthi – The rise and rise of Askme"
Jul 14, 2016, 12:26 PM
[4]
Citation Linkfinancialexpress.com"AskmeBazaar Upbeat on Hyperlocal: Clocks $1mn Worth of Daily Transactions!"
Jul 14, 2016, 12:26 PM
[5]
Citation Linkdnaindia.com"Askme to take expand online grocery ops to 40 cities"
Jul 14, 2016, 12:26 PM
[6]
Citation Linktech.economictimes.indiatimes.com"AskmeBazaar to launch marketplaces for food delivery and medicines"
Jul 14, 2016, 12:26 PM
[7]
Citation Linkbusiness-standard.com"AskmeBazaar in talks with Alibaba, Baidu to raise $200 mn"
Jul 14, 2016, 12:26 PM