Rosebazaar to sell blooms on the Net

BANGALORE: Bangalore-based Karuturi.com has announced the launch of

rosebazaar.com, a portal targeted at the $50 billion global floriculture

industry. The portal, equipped with a search engine called Bazaar, will bring

the floriculture community closer by minimizing the number of value-less

intermediates. Bazaar is a real-time online auction system that powers

rosebazaar.com. The system offers a wide range of auctions, suitable for a

variety of products and commodities.

Rosebazaar.com, which conducts real-time auctions of flowers, has adopted a

set of rules similar to the ones followed by physical auction houses worldwide.

Karuturi.com CEO KS Ramakrishna said, "We made our entry into IT about

eight months ago and are proud to have developed one of the world’s fastest

real time auction engines on the Net, with a speed of 1000 bps." He added

that it took Karuturi 14,400 man-days to develop the engine.

Apart from the auction, the portal also features related information on

flowers and the floriculture industry, trade and technicalities of the trade.

These include news on the worldwide floriculture industry and regular features

like Forex rates, current market prices for flowers, important stock market

information and current trade and technical events. The portal also caters to

the needs of floriculture students and researchers through its science and world

section.