ByIndia.com Goes Up For Sale On Ebay; SaffronConnect Shuts Down? |
| Published: February 21, 2008, 8:13 am |
| Tags: 236, 237, 441 |
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It's Buy ByIndia or Bye ByIndia...the site which was acquired by Web2Corp in August 2006 is on the block, up for sale on ebay, here. Is this India's first portal auction? I'm not sure...the minimum bid for site starts at $500,000 (around Rs. 2 crores), and the auction closes on Feb 29th. There's an alexa comparison with AOL.in, MSN India, Oneindia.in and Sify on the auction page, but contentSutra readers should bear in mind that Alexa isn't entirely reliable. ByIndia was launched primarily as a search engine (they've compared themselves to Guruji in the sales pitch here), and claimed to be India's Baidu. They later evolved into a social networking and search site. But why is Web2 Corp selling what it claims to be "India's leading social networking site and search engine"? According to the site: "Web2 Corp's $5M funding for ByIndia.com didn't materialize due to its lenders fallout with real estate markets, and the company can not afford to properly market or support the growth of [ Full article ] |
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