Quikr, a horizontal classifieds player, has raised $8 million in fourth round of funding – led by new investor, Nokia Growth Partners (NGP), and returning investors, Norwest Venture Partners and eBay Inc. This takes the total monies raised by Quikr in private capital close to Rs 90 crore since inception, making it one of the heavily funded internet companies in India. more…
Tag: eBay
In its second acquisition in two weeks, eBay’s PayPal unit has bought mobile payments startup FigCard. Terms of the acquisition, which was announced on the PayPal blog, were not disclosed.
Boston-based Fig Card allows merchants to accept mobile payments in stores by using a simple USB device that plugs into the cash register or point-of-sale terminal. more…
EBay Inc. on Wednesday said that its first-quarter profit rose 20 percent on reinvigorated growth at its namesake e-commerce website and further swift growth at its PayPal payment service.
Revenue from the company’s marketplace business, which is its largest and includes eBay.com, climbed 12 percent to $1.55 billion – more…
Craiglist has been disrupted, it’s just not obvious yet. And the world will be a better place for it.
Craigslist has fewer unique visitors today than it did at this time in 2009. more…
eBay-owned online classifieds site Gumtree has appointed PHD to its media account as it seeks to double its users and ramp up marketing.
PHD has already been working with Gumtree on a project basis and the appointment will formalise the relationship. more…
Local ads for local people
The premise for Pat Kolek, COO of eBay Classifieds Group, wanting to speak to us was, we were told, to discuss the growing trend of consumer to consumer selling on eBay. Isn’t that what eBay has always done, we thought, well apparently not.
First, let’s tackle the difference between normal eBay and Classifieds. The latter not only lacks the auction element, it’s often free to the seller. The business model is more of a media than a retail one, with eBay looking to monetise the traffic generated from classified listings rather than from the listings themselves. more…
eBay is launching a community court feature on its Dutch online classifieds site Marktplaats.nl, which it acquired in 2004. The feature will allow users to challenge negative ratings they receive and let a “jury” of other users decide whether to remove the feedback.
According to this De Telegraaf article, an ever-changing jury of eleven users will help resolve more…
When I went to meet up with eBay at last week’s CES conference, I went to a booth run not by that company, but by a company called RedLaser. Started by two U of Michigan grads, RedLaser is an eBay acquisition that has released a barcode scanning app for the iPhone that will scan your products and give you back consumer information about them. Rob Veres is the Senior Director of eBay Mobile and General Manager of RedLaser, and he kindly sat down to tell us about the trading site’s current apps and future in the mobile space. more…
eBay has announced that global mobile sales generated nearly $2 billion in 2010, up from $600 million in 2009. To be clear, we’re not talking revenues here but gross merchandise volume. Nevertheless, a clear sign that mobile ecommerce has reached a tipping point.
eBay earlier announced that global sales were up 166 percent to $230 million from Nov. 25 to Dec. 25 from the same period last year, so the holiday season was a clear catalyst for much of that growth. more…
San Francisco, December 15th, 2010 – Today junaio announced it is teaming up with eBay Classifieds to help smartphone users in the U.S. discover local listings by simply scanning the area around them with their onboard camera. eBay Classifieds provides buyers and sellers a free, local marketplace to trade goods and services backed by industry-leading standards in trust and safety, customer service and user experience. Now, with junaio`s keyword and pinpoint geographic filtering, users can discover eBay Classifieds listings around them through an augmented reality viewer. more…
Google has just purchased Groupon for $2.5 billion, according to an unnamed insider who spoke with VatorNews. Neither Google nor Groupon could be reached for comment to confirm the report, but Vator’s source is reliable and the report falls in line with the recent string of Groupon acquisition rumors.
Talk about a possible acquisition by Google has been bubbling since November 19, when rumors first emerged that Google had made an offer of some $2 billion to $3 billion. The rumors were first reported by Kara Swisher of All Things D, who claimed that Google and Groupon were already in acquisitions discussions. more…
eBay is launching a new secondhand buying service to eliminate the need to list unwanted gadgets for auction or through the classifieds. The ecommerce website has partnered with unnamed dealers to introduce a new marketplace called Instant Sale that accepts laptops, phones, tablets, PDAs, digital cameras, MP3 players, camcorders and GPS Systems. more…