Flipkart Terminates Operations Of eBay India
Flipkart plans to shut down eBay.in, which it had been operating for the last one year. However, eBay is anticipated to relaunch in India very soon as the strategic relationship between the two companies has ended.
Flipkart Pvt Ltd. is an Indian electronic commerce company based in Bengaluru, India. Founded by Sachin Bansal and Binny Bansal in 2007, the company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, and lifestyle products.
Chief Executive Officer Kalyan Krishnamurthy informed the employees, “Flipkart is planning to launch a new platform in order to sell refurbished goods. Based on our learnings at eBay.in, we have built a brand new value platform launching with refurbished goods — a large market w...