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.
The company will be stopping all customer transactions on eBay.in from August 14, 2018, for a smooth transition to the new platform."Our endeavour will be to ensure that all eBay.in sellers and customers migrate to the new platform over time with a remarkably enhanced experience,” Krishnamurthy said, adding that the new platform would have a different value proposition compared to Flipkart. It would cater to a different target audience.“We are committed to investing in this independent brand,” Krishnamurthy said.
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