eBay India hopes to register 30% growth this year

eBay India, the wholly-owned subsidiary of the Nasdaq-listed eBay Inc, today said it would be able to beat the market growth rate of 30 per cent this year.

"We have not seen any decline in sales. We had an excellent Diwali and the trend continues post-Diwali as well. We hope to beat the market growth rate which is at 30 per cent now year-on-year," eBay India's Country Manager Ambareesh Murty said here.

EBay India is a trading platform offering auctions, fixed price and classified modes of person-to-person trading with two million registered users from over 670 cities in India.

The company started its Indian venture in 2004 after buying out Baazee.Com.

 

Murty said that the company's business continued to be robust as it was capable of ensuring safety and great value.

The company, he said, would expand its business by roping in new buyers, ensuring additional variety of supply and facilitating export for those interested.

According to an ACNielsen International Research, about 12,800 sellers use eBay India as a primary or secondary source of income.