eBay To Open Development Centre In Bangalore; To Serve As Technology House For PayPal As Well

8 May, 2012

EBay Inc. is opening a new development center in Bangalore, and is aiming to hire up to 1,000 techies over the next three years. The new Bangalore facility will house personnel from both eBay Marketplaces and PayPal. The new facility adds up to eBay's existing presence in India through a global development center in Chennai and the eBay India business unit in Mumbai.

"We are looking to tap into the large pool of software engineering talent in Bangalore to come innovate with us and create the future of commerce. We are committed to India as a technology hub and see India's software engineering talent as a critical driver forthe long-term success of PayPal'sglobal payment platform," said Anupam Pahuja, general manager of PayPal, the online payment channel which was acquired by eBay in 2002. "The India center plays a strategic role in global product and technology innovation. The Bangalore Center will bring in significant thought leadership to drive critical business initiatives," said Rajesh Ramachandran, general manager -eBay Marketplaces about the announcement.

Founded in 1995, eBay Inc's e-commerce website eBay started in India as a platform where other offline retailers could sell flowers and chocolates as gift items and now has virtually almost everything from apparel to mobile phones and even used cars and books.