Baazee.com sold to eBay

for US$50M

[anallawalla]

[economictimes.indiatimes.com...]

ECONOMICTIMES.COM[ WEDNESDAY, JUNE 23, 2004 11:25:35 AM ]
Internet auction major eBay confirmed that it will acquire the Mumbai-based Baazee.com, Inc. and its subsidiary Baazee.com India Pvt. Ltd., one of the largest online marketplaces in India, in a deal worth Rs 230 crore ($50 million) plus acquisition costs and post-signing adjustments.

[jaski]

One of the biggest dot com deals in India post bubble. I expect this to bring a lot of focus back to the dot com world.

It will be interesting to know how the valuation was done. Baazee has 1 million registered users, so $50 per user, sounds like on the higher side to me.

[economictimes.indiatimes.com...]

Avnish Bajaj, 33, and Suvir Sujan, 32, have just become the latest dot com millionaire poster boys of the nascent Indian Net scape.

But they are not telling exactly how much they got :)