Flipkart is planning to shut eBay.in and launch a new platform to sell used goods as the firm looks to solve key barriers to refurbish customer's trust and convenience at scale, according to a report in The Economic Times.
“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,” chief executive Kalyan Krishnamurthy said in an email to employees.
The Bangalore-based e-commerce giant has been operating eBay.in for the past one year.
In May, the California-based eBay had announced it plans to relaunch eBay India after selling its $1.1 billion stake in Flipkart to US retail giant Walmart. "Following the close of the transaction, we also will be ending our current strategic relationship with Flipkart, which includes unwinding our commercial agreements with Flipkart and terminating Flipkart’s license to use the eBay.in brand," eBay had said in a statement earlier.