BWI: LimeExchange Helps Indian SMB’s and Professionals Combat Economic Downturn

Press release from Business Wire India
Source: LimeExchange
Wednesday, January 07, 2009 02:52 PM IST (09:22 AM GMT)
Editors: General: Consumer interest, Economy; Business: Business services, Information technology; Technology
Release no: 18865
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LimeExchange Helps Indian SMB's and Professionals Combat Economic Downturn


New Delhi, Delhi, India, Wednesday, January 07, 2009 -- (Business Wire India) -- Despite the current global economic downturn which is having a ripple effect on Indian economy with companies announcing slowdown in hiring, salary cuts and regular news of mass layoffs, remarkably there is one corner of the business which has seen exponential growth and is increasingly becoming a choice for Indian SMBs and skilled professionals as a steady mode of revenue & earning.

LimeExchange, the online services marketplace from Lime Labs LLC U.S., providing "Global Talent on Demand", which was globally launched in July 2008 has seen a recent upsurge in its business with more than $1 Million worth of outsourcing opportunities getting posted in the last 3 months. Business is coming primarily from U.S., Canada, Australia, Europe & even India with buyers looking for SMBs and freelancers to help them complete their urgent business requirements.

Though LimeExchange owing to its global focus has sharply increased its user base by 300% in the last quarter and has expanded its reach to across 167 countries, India is still the top performer in terms of receiving these global opportunities with over 30% coming to Indian SMBs and Freelancers.

LimeExchange SMB service providers like 'Global Solutions' (Bangalore), 'Avani Software', 'Technovate Solutions' (Ahmedabad) and Individual freelancers across India are now benefitting further by receiving repeat business opportunities from happy global clients.

Commenting on the sharp increase in user base, Pawan Agarwal, Head India Operations said, "Traditionally, unlike U.S., India has been late in adopting the idea of freelancing or online outsourcing as a primary business avenue, but with the recent economy changes Small Medium Businesses & Professionals have started realizing the potential of this model as a steady source of business".

"It is too early to comment on whether outsourcing has taken a hit in current global economic scenario, our trends suggest that outsourcing is rather growing, since Entrepreneurs & SMBs are now looking to control and optimize their costs even further. In current global financially challenging circumstances LimeExchange on one hand becomes an effective channel for Entrepreneurs & SMBs looking for quick & quality options for execution at optimal costs from global providers, while on the other LimeExchange becomes a steady revenue earning channel for SMBs vying for available outsourcing opportunities in the online services market.", added Sorabh Jerath, VP Sales & Marketing, LimeExchange.

ABOUT LIME LABS LLC

Lime Labs is a forward-looking Web company focusing on creating and delivering user-driven Web applications and services. The Lime Labs team brings together some of the sharpest Web development minds in the U.S. and India to work on innovative products in the spheres of brokerage, community and commerce, with a focus on quality design and rapid development practices.

ABOUT LIMEEXCHANGE

LimeExchange is a service of Lime Labs LLC, a Lime Group company. LimeExchange is the marketplace for global talent on demand. Service buyers can find the talent they need on demand by posting their project requirements on LimeExchange. Service providers can find and bid on projects, and start building profitable business relationships with clients around the globe by setting up a free profile at http://www.LimeExchange.com. To know more visit the official LimeExchange blog: http://blog.LimeExchange.com.


CONTACT DETAILS
Sorabh Jerath, Lime Spot Technology India Pvt. Ltd., India, +91 (120) 4236972, sorabh.jerath@limespot.co.in
Mohit Verma, Twenty Twenty Media Pvt. Ltd., +91 (120) 4642020, mohit@2020india.com
Ankita Upadhyay, Twenty Twenty Media Pvt. Ltd, +91 (120) 4642020, ankita@2020india.com

KEYWORDS
CONSUMER, ECONOMY, BUSINESS SERVICES, IT, TECHNOLOGY

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