I would like to tell you about a country of wonder, Bangladesh! Having a small land area, the most densely populated country has got many problems but has tremendous opportunity, potentiality and success. Like others one of the success history is CellBazaar: www.cellbazaar.com. The project was initiated in the MIT Media Lab and now in Bangladesh. This is a sole patent on user-generated market information in Bangladesh which is Buying, Selling, Classifieds, and market information via mobile phone to 15 million Grameenphone subscribers. It Works on SMS, WAP and Web platforms.
What is it?CellBazaar is a virtual marketplace that allows buyers and sellers to connect with one another and buy and sell goods and services using their mobile phones. CellBazaar enables entrepreneurs and small businesses in Bangladesh to start and grow operations in a market that wouldn't otherwise be available in their local community, thereby creating jobs, stimulating the economy, and delivering products and services that improve the lives of millions of poor people.
The CellBazaar marketplace is available to more than 25 million people in Bangladesh, including farmers that use the service to sell their harvest at fair market prices and struggling students that find and connect with tutors. CellBazaar received the GSMA Global Mobile Award 2008, in the category of "Best Use of Mobile for Social & Economic Development" Manthan Award 2008 and many more. Please visit: http://corp.cellbazaar.com/awards.html
CellBazaar enables entrepreneurs and small businesses to provide products and services to millions of people in Bangladesh through a mobile phone-based electronic marketplace.
Omidyar Network was the investor for this project. Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. They invest in and help scale innovative organizations to catalyze economic, social, and political change.
eBay founder Pierre Omidyar and wife Pam established Omidyar Network based on their conviction that every person has the power to make a difference. Their work enables people to discover that power, improve their own lives, and make lasting contributions to their communities.
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