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Media, Advertising & Marketing Watch in association with

eBay India announces its first global transaction

Indiantelevision.com Team

(27 April 2005 7:00 pm)

BANGALORE: Online marketplace eBay India, formerly Baazee.com, has announced its first global transation since its recent launch. Dr. Vineet Srinivasan, Illusions India, a dentist with a passion for ecommerce sold a diamond solitaire to Mark Baugh from Dallas, Texas in USA, a media release says. Avnish Bajaj, Country Manager, eBay India was present on the occasion to felicitate the first Indian seller who traded internationally



Says Bajaj, “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.”



Baazee.com was re-launched as eBay India on 24 March, 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, the release adds.



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.

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