Marking a significant coming-of-age for the e-commerce industry, online auction platforms like are no more just about selling or buying consumer goods. In fact, entire companies are being sold and acquired on these Web sites in a simpler, faster and cheaper way than the traditional methods involving a plethora of investment bankers and advisors. The trend is catching up fast in India as well after a number of successful deals in the US and other countries.
A Lucknow-based telecom firm is seeking bids for 25 per cent stake in the company on eBay India Web site, a retail outlet in Kharagpur is on sale for a minimum of Rs 18 lakh, while another electric vehicle manufacturing firm from the country is also soliciting potential buyers on the Web site.
Besides, an operational job portal AlphaCareer.Com, based in Bangalore, has also listed itself for sale on the eBay USA Web site and is seeking buyers from across the world.
Mumbai firm for sale too...
Another e-commerce Web site focused on sale and purchase of a business, Biz Buy Sell, has a US-based company seeking buyer for its fully-staffed Indian software development subsidiary in Mumbai at a base price of $5,00,000 (over Rs 2 crore).
The US-based firm seeking a buyer has been operational and profitable for four years and has fully audited records for all four years. The 25-employee strong unit has a “...five-year inexpensive lease in one of the most desirable locations in Mumbai and has one officer’s cabin, one conference room and 60 cubicles, used for software development in day and call centre at night.”
The US-based parent, which has not disclosed its name, also says the Indian unit is eligible for going public on the Indian stock exchange as it “...is profitable for three years.”
The site also has a number of Indian restaurants in the US for sale, while an Indian supermarket in Massachusetts is seeking bids for at least $1,19,999 (nearly Rs 50 lakh).
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