eBay India to Shut Down Operations on August 14
August 14 will be the last day when eBay India will accept orders on it’s platform. eBay sold it’s operations in India to Flipkart in April last year for $500 million equity stake in Flipkart. In an e-mail to it’s employees Kalyan Krishnamurthy, CEO Flipkart, revealed the decision. Meanwhile users can still use the international platform of e-bay for shopping.
In the same e-mail Krishnamurthy said they will be launching a new platform for refurbished goods. “Based on our learnings at eBay.in, we have built a brand new value platform launching with refurbished goods – a large market which is predominantly unorganised. With Flipkart’s customer base, and F1 Info solutions & services in our group portfolio, I believe that we can solve the key barriers to refurbished – trust & convenience – at scale. We will keep evolving and bringing newer formats, categories and features which cater to the needs of our value-conscious middle India. The new platform has a different value proposition compared to Flipkart, and will cater to a different target audience. We are committed to investing in this independent brand. Some of you may have worked on this platform as part of the launch, and would know the strategic importance of this foray for Flipkart Group. The rest of you will soon hear more from the relevant teams on the launch of this new platform.”