The e-commerce platform dedicated mainly to handicrafts, antiques and decorative arts, announced the opening of its new office in Mexico, for which it will hire “dozens of employees” throughout the year who will be focused on the areas of product and engineering and that initially, they will work remotely.

"With its vibrant and growing technology development, Mexico City is an ideal place for Etsy to build new roots and expand its workforce globally. We are proud to welcome new talent from the Mexico City technology community to the Etsy family, ”said the company's Vice President of Engineering, Rachana Kumar, who will also be in charge of running Etsy's Mexican office.

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Founded in 2005 by Robert Kalin, Haim Schoppik, Jared Tarbell and Chris Maguire, the company has received almost 100 million dollars of investment since its birth and has been listed on the New York Stock Exchange since 2015 under the ETSY ticket, with a share that has shown intense growth from March 2020, at the beginning of the Covid-19 pandemic.

The platform has also been a constant buyer of other companies, such as Elo7, a Brazilian marketplace that Etsy recently acquired for 217 million dollars or Depop, a British ecommerce application for which the platform spent 1.6 billion dollars.

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According to Etsy, its marketplace has a supply of 90 million items, most of which are handmade by a base of 4 million sellers who operate within the platform. The company's new office adds to those it already has in Ireland and New York, where its headquarters are located.

Etsy's expansion comes at a time when other platforms are entering the e-commerce industry for vintage items and crafts. Shopify, Big Cartel and Zibbet are among the company's competitors, which also include the Handmade division of the giant Amazon.

In Mexico, retail electronic commerce, that is, it excludes digital services and products, reached a value of 316,000 million pesos in 2020, which represented 9% of total retail commerce in the country, according to figures from the Mexican Association of Online sale.

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