With the success of EBay Inc, an acquisition of PayPal, a Global commerce platform and payment leader, anticipatory planning is being made to expand its foot prints over the “garden city- Bangalore” in India. EBay is one of the leading online trading communities where anyone can sell and buy almost anything in India. EBay is now endeavoring to open a Global Development center in Bangalore, India.
‘Anupam Pahuja’, GM, PayPal IDC, in Chennai announced:
“Our new center in Bangalore will feature several centers of excellence and will house technologists from both eBay Marketplaces and PayPal. We expect to hire up to 1,000 technologists over the next three years”.
Due to the abundant software engineers, Bangalore has been chosen as its next spot in order to replicate the success of EBay in Chennai. EBay is in a quest to hire strong senior technologists over the years to come.
EBay’s total revenue was US$ 11.651 billion in 2011 with a net income of US$ 3.299 billion. EBay Inc reported strong first quarter results of 2012. The revenue for the first quarter ended March 31, 2012, increased 29% to $3.3 billion, compared to the same period of 2011.There is an expectation of revenue of $13.7 – $14.0 billion by the management in 2012. The wall street Journal said India’s online shopping market was expected to reach US$ 70 billion by 2020.
India is among the fastest-growing markets and has been identified as one of the significant potential markets for eBay. Reports depicted that about 80% of the transaction is from India. If this continues to be the situation than the probability of new openings of eBay’s centers across India could gradually increase.
With the expansion of eBay’s dart on top of the map of many Indian cities, it could be a good start after the installation of Global Development center in Bangalore, India.