Flipkart To Shut eBay India, Launch New Refurbished Goods Platform
Back in May earlier this year, Flipkart not just sold a controlling stake to Walmart but likewise bought eBay's Republic of india operations in substitution for a minority pale. Fast forward a couple of months and Flipkart has at present decided to shut downward eBay India, which falls in line with the plans it had in mind while buying India's oldest retailer in the first place.
When Flipkart bought eBay India, it had already decided that eBay will not proceed to run in a similar fashion and that information technology will be refreshed and relaunched for the Indian masses. So, instead of trying to convince users of the quality of refurbished goods being sold nether a well-known brand, that doesn't concenter eyeballs, Flipkart is making a smart motility.
Flipkart will soon launch a 'new platform' for selling refurbished or used appurtenances in the country. eBay India competes with the likes of OLX and Quikr, which encompass a majority ground in this segment in India.
Flipkart's new plan differs profoundly from what the company had previously imagined. While announcing its latest funding round and acquisition by Walmart, Flipkart asserted that information technology won't focus on domestic sales via eBay India, but instead promote cross-edge sales in India.
Notwithstanding, Flipkart CEO Kalyan Krishnamurthy in a letter to the employees said that the company has built a 'new value platform' that would host refurbished goods. He further added that this new platform could assist solve the issue of trust and convenience towards such appurtenances. Krishnamurthy even said that,
"With Flipkart's customer base and F1 Info solutions & services in our group portfolio, I believe that we can solve the central barriers to refurbished – trust & convenience – at scale. Nosotros will go on evolving and bringing newer formats, categories and features which cater to the needs of our value-conscious middle Bharat."
eBay India has appear its retirement via a 'Transition FAQ' page which reveals that yous volition only be able to listing new items until July 31. The platform will stop accepting new orders from Baronial xiv, which ways information technology would become out of operation on the same day. So, the sweet days of eBay India are finally coming to an end, but it also marks the dawn of a new refurbished goods platform.
Source: https://beebom.com/flipkart-to-shutter-ebay-india-launch-new-refurbished-goods-platform/
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