What is AskmeBazaar? AskmeBazaar Review, Features

AskmeBazaar was launched in 2012 and invested by the question-and-answer website Askme.com. It is an e-commerce platform in India that offers many discounts or special offers during events. In September 2016, AskmeBazaar closed down and laid off 4,000 employees due to severe financial constraints. As of now, the website is also inoperable.

AskmeBazaar Source

AskmeBazaar's parent company, Getit Infoservices, has been publishing yellow pages by collecting merchant information from cities across India for decades. By 2006, the Indian retail ecosystem had begun to shift from offline to online. In 2010, the company founded Askme.com, a classified information portal, which created a transaction revenue stream that could help its parent company improve its market image and improve its relationship with users. Therefore, Askme Group created its e-mall AskmeBazaar in 2012, thus entering a wider field. Their business covers very small SMEs, which are not common sellers on eBay or Flipkart.

As of 2013, Malaysian billionaire T. Ananda Krishnan's company Astro Holdings bought Getit Infoservices, the parent company of Infomedia Yellow Pages and AskMe, from Network18 group.

About AskmeBazaar

When AskmeBazaar first entered the market in 2012, it was a horizontal marketplace targeting small and medium-sized enterprises. At that time, Flipkart and Snapdeal had just entered the e-commerce field, but AskmeBazaar took a different approach and chose to develop small sellers in small towns into sellers on its e-commerce platform instead of maintaining the traditional e-commerce model like other e-commerce giants.

AskmeBazaar was once one of the top ten most popular companies in the Indian e-commerce sector. In August 2016, the company's head denied the news that AskmeBazaar was shutting down. But in September 2016, there were news reports that after a few weeks of suspension, AskmeBazaar closed down and laid off 4,000 employees due to severe financial constraints. As of now, the website is also inoperable.