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eBay Inc. (NASDAQ: EBAY), a global commerce leader, and Flipkart, a leading eCommerce company in India, have agreed to jointly pursue eCommerce opportunities in the Indian market. In exchange for an equity stake in Flipkart, eBay will make a $500 million cash investment in and sell its eBay.in business to Flipkart. Flipkart will own and operate the eBay.in business upon the close of the transaction. eBay and Flipkart have also entered into an exclusive agreement in which they will jointly pursue cross-border trade opportunities to make eBay's global inventory accessible to more India consumers, while eBay's millions of active buyers globally will have access to more unique Indian inventory provided by Flipkart. "The combination of eBay's position as a leading global eCommerce company...

Leading mobile wallet platform FreeCharge today, announced its partnership with the online marketplace pioneer eBay India via Billdesk. With the partnership, both FreeCharge and eBay customers can access over 100 million product listings on ebay and pay for their order using the FreeCharge wallet option. Users can also avail 25% Cashback offer on selecting FreeCharge as the payment mode. FreeCharge offers its customers, the comfort of payment on shopping category partners like Snapdeal, Voonik, Jabong, Yepme, Zivame.com, Vishal Megamart, Pantaloons, Shoppers Stop and many others. Commenting on the partnership, Sudeep Tandon, CBO – FreeCharge, said, “We are extremely pleased to associate with eBay as their payment partner. While we are constantly trying to provide our users with a ...

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Flipkart Acquired Ebay India, Also Received $500 Million Cash Investment From Ebay

Now Shop Online on eBay Using FreeCharge