THE RIGHT BID

http://www.ebay.in/

• FOUNDED IN 1999
• INVESTOR ICICI VENTURE , NEWSCROP, CRYSTALS, NEWBRIDGE, ALL OF THEM SOLD THERE STAKE AT EBAY IN 2004 FOR A TOTAL CONSIDERATION OF RS 250 CRORE
• INITIAL BUSINESS MODEL: AUCTION SITE

ITS BEEN NOTHING SHORT OF A ROLLER-COASTER RIDE IN TERMS OF LEARNINGS FOR THE HARVARD BUSINESS SCHOOL EDUCATED PROMOTERS OF BAZEE.COM . WELL EBAY IT IS AND EBAY IT ISN'T

AUTOMARTINDIA

automartindia.com
Founded : 2001
Investor: Promoters Include Mahindra and mahindra, HDFC, and sah and sanghi
Initial business Model: Online customer acqusition; offline gratification
Current business Modde: DITTO
Revenues: Rs 125 crore 2004-2005
Net profit: BREAK-EVEN LEVEL
This is one company that had it figured out from th start if CEO Vinay Sanghi is to be beleived. "we started to roll out our outlets soon after the website was set up." he says. Automartindia, in which auto major MANDM has a 72 per cent stake , was created to service the used car market in the country and today boasts 65 outlets across india It refurbishes used cars and sells them some 7000 customers trawl site every month.