New Service Marketplace for SMEs from creators of LimeWire

LimeExchange is a new service marketplace for SMEs in India that will let them bid for free on service contracts from providers. Lime Spot, the company that also started LimeWire, hopes to leverage its global platform to allow SMEs in India compete for contracts all over the world.

PluGGd.in writes that

LimeExchange provides buyers with tools to negotiate pricing; award projects; escrow payments; monitor, review, and approve work; and communicate with service providers using e-mail, instant messaging, message boards.

The service marketplace is huge and apart from incumbents like RentACoder, startups like oDesk has made strong inroads (60K Jobs, 53K providers around the world).

PluGGd.in also raised concerns that a late entry with a traditional pricing, it is unsure what niche the service hopes to provide.