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Flipkart-eBay India merger done; sellers can now take products global

Flipkart will now own and operate eBay.in, which however will remain an independent entity

Alnoor Peermohamed  |  Bengaluru 

flipkart
Photo: Reuters

Flipkart, India's largest e-commerce marketplace said it will begin offering the global inventory of to Indian consumers while taking the products of thousands of sellers in the country to eBay's customers globally.

This comes after completed the takeover of the India operations of

In a deal announced in April, raised $1.4 billion from global technology majors eBay, Tencent and Microsoft. In exchange for an equity stake in Flipkart, had made a cash investment and sold its in business to

will now own and operate in, which however will remain an independent entity.Additionally, both are also partnering to leverage opportunities in cross-border trade. As a result, customers will get expanded product choices with the wide array of global inventory available on eBay, while customers will have access to more unique Indian inventory from sellers. The partnership will thus provide a new opportunity for sellers to expand their sales globally, the firm said in a statement.

"Being an early mover, in has a unique standing in the Indian e-commerce market, which is a great addition to Flipkart's leadership position. Our coming together directly benefits Indian customers and sellers for whom we want to provide the best possible e-commerce experience. This is a step in that direction," CEO said in the statement. 

 

First Published: Wed, August 02 2017. 01:41 IST
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