eBay 2.0: E-commerce major trying to play catch-up in Indian market

While $50 million for Baazee back in 2004 was a lot of money, subsequently eBay's appetite to invest in India was wanting

With Flipkart deciding to pull the plug on eBay India on August 14, 2018, this will finally end the era of one of the earliest movers in the country’s online retail space. The San Jose-headquartered company, right after Walmart’s decision to acquire a majority stake, in Flipkart, on May 9 this year, had announced its plan of trying its luck in the country once more. But, the market today is not what it was 14 years ago when eBay entered the country. 

Back in 2004, when eBay forayed into the country with the acquisition of online auction site Bazee.com, the laws