February 23, 2006
Meg Whitman, President & CEO, eBay Inc., on her first visit to India reiterated immense confidence in India's growing ecommerce market. Meg Whitman & Gautam Thakar, Country Manager, eBay India addressed the Indian media at a briefing in Mumbai.
eBay India (formerly Baazee.com) is a 100% subsidiary of eBay Inc. and was acquired in August 2004. eBay India has a thriving 2 million strong community of buyers and sellers from 240 cities in India. Thousands of sellers trade across cities in India and to countries worldwide.
Meg Whitman stated, "India's booming economy is fuelling the growth of the internet & especially ecommerce." Highlighting the Indian entrepreneurial spirit, she added, "The changing consumer behaviour and growing adoption of internet will help to create more opportunities for young Indian entrepreneurs in the online world both in India and around the globe."
Gautam Thakar said, "We are delighted to see Indian sellers leverage the eBay platform to sell apparel, jewellery, handicrafts & stamps to thousands of buyers worldwide. In fact, an Indian seller sells an item to a global buyer every 9 minutes."
Today, eBay India is India's biggest online trading community on the Internet where anyone can sell or buy almost anything. eBay India is a trading platform offering auctions, fixed price and classifieds modes of person-to-person trading. It has a wide range of products listed on its site spread across 2500 categories. On any given day, there are over 100,000 live listings on the site. In this vibrant marketplace, a piece of jewellery sells every 5 minutes, a mobile handsets sells every 7 minutes & a digital camera sells every 46 minutes.
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, fixed price 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 Apparels & Accessories, Beauty & Health, Bollywood Memorabilia, Books & Magazines, Cameras & Optics, Cars & Bikes, Coins & Stamps, Computers & Peripherals, Consumer Electronics, Fitness & Sports, Home, Tools & Appliances, Jewellery & Watches, Mobiles & Accessories, Movies & Music, Musical Instruments, Services & Real Estate, Toys, Games & Baby, Travel, Tickets & Vouchers, Video & Computer Games & Everything Else. eBay India is a 100% subsidiary of eBay Inc., 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.
