April 27, 2005
India's Leading Online Marketplace, today shared an update on Global Trade on eBay India since its recent launch. Just over 30 days ago, eBay India, formerly Baazee.com, launched on March 24, 2005 marking the final integration of Baazee's technology platform with eBay's platform. With this, Indian users got access to the eBay global marketplace. Buyers and sellers in India now have access to a global trading community of 135 million users in 33 markets worldwide.
Avnish Bajaj, Country Manager, eBay India was present on the occasion to felicitate the first Indian seller who traded internationally. Dr. Vineet Srinivasan, Illusions India, a dentist with a passion for ecommerce sold a diamond solitaire to Mark Baugh from Dallas, Texas in USA.
Avnish Bajaj said, "We applaud the entrepreneurial spirit of Indian sellers who have made a great beginning of selling products internationally. Dr. Srinivasan was the first of 378 Indian sellers who have sold to buyers from 31 countries since the launch of eBay India. In fact, 16 items sell to international buyers every hour on eBay India. We see a lot more global trade taking place in the future."
Dr. Vineet Srinivasan, Illusions India, accepted the award and said "Nothing could match the excitement to be the first global seller on ebay India. It really feels great to know that with the emergence of eBay in India, we can now sell anything, anytime, everywhere. Not only has eBay made the online marketplace accessible to the people of the world but it has also helped its sellers showcase their wares to a worldwide audience. Just the mere presence of eBay instills confidence in international buyers who now have no qualms in buying from us. eBay India has given us the perfect opportunity to have fun and earn. I never imagined selling diamonds on net will be just a click away. I have buyers not only from India, but all parts of the globe"
Global Trade on eBay is all trade on the eBay platform between sellers and buyers who live in different countries and thus, the goods cross international borders. Currently, global trade GMV (Gross Merchandise Volume) on eBay is $4.2 billion. eBay's vision is to create a safe, unified marketplace for trade both locally and globally.
Avnish said, "In India, Indian entrepreneurs are trading globally especially in categories such as apparel, leather, collectibles, handicrafts and jewellery. The majority of the buyers are from US, UK, Singapore, Mexico, Canada & Pakistan. On any given day, over 3500 items are available to international buyers on eBay India. Our community of users is extremely innovative, entrepreneurial and creative and we look forward to providing them with even greater economic opportunities."
eBay India allows Indian users to trade locally, regionally and globally along with the rest of eBay's worldwide community of users. No other web site offers Indian traders a proven local service with an international reach.
About eBay India
eBay India (www.ebay.in), India's leading online marketplace, is India's biggest online trading community where anyone can sell or buy almost anything. eBay India is a trading platform offering auctions, quick buy and classifieds modes of person-to-person trading. There are a wide range of products listed on eBay India in an array of categories including Art & Antiques, Apparel, Bollywood, Books & Magazines, Cars & Bikes, Computers, Home and Personal Loans, Electronics, Cameras & Optics, Movies, Music, Health & Beauty, Gifts, Home, Jewellery, Mobile Phones, Real Estate, Toys & Baby Products, Travel etc. eBay India is a 100% subsidiary of eBay.com, The World's Online Marketplace®.
About eBay.com
Founded in September 1995, eBay (Nasdaq: EBAY) is The World's Online Marketplace® for the sale of goods and services by a diverse community of individuals and small businesses. Today, the eBay community includes more than a hundred million registered members from around the world. People spend more time on eBay than any other online site, making it the most popular shopping destination on the Internet.
People from all over the world buy and sell on eBay. Currently, eBay has local sites that serve Australia, Austria, Belgium, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Malaysia, the Netherlands, New Zealand, Poland, the Philippines, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, and the United States. In addition, eBay has a presence in Latin America through its investment MercadoLibre.com.
