Bidorbuy
 |
|
| Type of business | Private company |
|---|---|
| Founded | 1999 |
| Headquarters | Johannesburg, South Africa |
| Key people |
Andy Higgins, Director Jaco Jonker, CEO |
| Industry | Internet Online marketplaces |
| Products | Online auction hosting |
| Parent | bidorbuy.com Inc |
| Website | www.bidorbuy.co.za |
| Alexa rank |
 1,966 (April 2014[update]) |
| Launched | 1999 |
Andy Higgins, Director
bidorbuy or bidorbuy.co.za (officially written as one word, all-lowercase; variations: bid or buy, BidOrBuy and Bid or Buy) is an English-language e-commerce website based on an internet auction and online marketplace model allowing individuals and businesses to trade with each other. Transactions on bidorbuy are in South African rands.
bidorbuy was first launched by Andy Higgins in August 1999 at the height of the dotcom boom, in Higgins’ native South Africa. The initial seed funding and continued support were provided by Professor Yair Tauman, Professor Abraham Neyman, Mr Danny Barnea and Mr Zohar Gilon. bidorby was officially launched with a massive marketing campaign in January 2000, led by Nitzan Tal as the managing director, and within months made bidorbuy one of the leading e-businesses and one of the strongest internet brands in South Africa. The company won 2 APEX awards for the 2000 launch campaign. Between February and April, 2000 Nitzan Tal launched the websites in India and Australia. In 2001, after the dotcom crash, the Australian site was closed and the Indian one merged with the former main competitor, Baazee.com (which was bought by eBay in 2004). In October 2001 Higgins went on to run the South African operation. At the slowest point, the company employed only one other person. From 2005 things started to change with the adoption of broadband, always-on internet access by businesses and private users in South Africa. bidorbuy.co.za soon became the largest online marketplace of its kind in South Africa and Africa. In June 2010 a Kenyan bidorbuy site, was established.
In January 2007 bidorbuy bought a stake in the South African online price comparison service website, Jump Shopping. In 2008, the company acquired majority shares in the South African online jobs portal, Jobs.co.za. and the online classifieds site TheClassifieds.co.za. In 2010, bidorbuy made an investment into PayFast.co.za, a local online payment solutions company. In March 2011, bidorbuy acquired an e-commerce solution Snaply, and in April of the same year the Cape Town-based group buying site UbuntuDeal.co.za. In 2012, the ownership of Jobs.co.za and Jump Shopping changed hands and the two are no longer part of the bidorbuy group. In the meantime, TheClassifieds.co.za and Snaply have ceased operations. As of 7 November 2013, bidorbuy lists UbuntuDeal and Payfast as "partner sites" in its footer.
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