Following the launch of Sabunta, Kasuwa(now Jumia) and HelloFood, Rocket has launched another e-commerce site that is largely an eBay clone and has named it Kaymu.
Kaymu works like a basic marketplace for buying and selling items online but allows sellers run an online auction for items or select a fixed price option.
For items with the online auction option, the seller specifies a price at which bidding starts as well as a start and end date for the auction. Like any normal auction, the buyer with the highest bid gets the product. For “Fixed price” listings however, the first buyer willing to pay the seller’s price gets the item.
Kaymu isn’t the first Nigerian online marketplace to allow bids and auction. 3sbids allows its users bid for products but sells products in its own stock as well as bid bundles. Other marketplaces like OLX, Tradestable and Google Trader simply allow sellers showcase product at a fixed price and leave negotiation to prospective buyers.
I followed an auction on 3sbids a few months ago and saw the volume of bids that happened within the final 10 minutes of the auction. 3sbids seems to have gained traction to its own unique bunch of users. Can Kaymu do the same?
Source: Techloy
Tags : E-Commerce, Kaymu, Rocket Internet, Rocket Internet Nigeria
