Business Standard

eBay bets on India talent for global products

eBay lost out to rivals Flipkart, Amazon, Snapdeal, even as market in the country grew exponentially

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Alnoor Peermohamed Bengaluru
After selling its local business unit to India’s largest e-commerce marketplace, Flipkart, eBay continues to bet on India for talent to build products and solutions for its global operations.

The US-based online commerce major has set up in India an entity called ES Online, to which the software development business of eBay India will be transferred. “The software development business of eBay India (including the SEZ units) would be transferred to ES Online (a new Indian entity set up by eBay Group) on going concern basis under a slump sale agreement along with all the assets and liabilities related to the

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