eBay India to Close Operations on August 14, Flipkart to Bring New Website for Refurbished Goods

eBay India will be shutting down its operations in the country. The transition page on the website has pointed towards many new developments regarding the popular site which was used to sell refurbished goods. This latest move also signals the end of the strategic partnership between Flipkart and eBay. The website will only be live till August 14, 2018, whereafter it will be shut down and what will take its place is the new website by Flipkart which will cater to the same market, revealed Flipkart CEO, Kalyan Krishnamurthy. The CEO of Flipkart reportedly wrote an email to employees of the company and broke the news.

• Make Telecom Talk My Trusted Source
• 
• 

In the mail which Flipkart CEO Kayan Krishnamurthy wrote to the employees, he told that a new website would be launched by Flipkart which would be better able to cater to the refurbished goods e-commerce market in India. He highlighted that the company would solve the issue of trust and convenience for the buyers online. Further, the executive said that the new site would only be launched after terminating all transactions on eBay.in on August 14. On the other hand, eBay has clarified on its transition page that users will be able to list products till July 31, i.e. only until the end of this month. Also, the previous sellers on eBay will have to register on Flipkart as new sellers.

Krishnamurthy’s email read “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.”