Source 1: Times Of India
Source 2: Economic Times
Source 2: Economic Times
In what seems to be the end of an era, Flipkart said it will shut down one of India’s oldest running e-commerce sites
eBay.in. In its place, the Bengaluru-headquartered e-tailer will launch an online platform for refurbished or used products, which will be pitted against OLX and Quikr — current market leaders in the online secondhand goods space.
While taking over eBay.in, Flipkart said it wished to leverage cross-border trade through the platform, which would help its vendors sell to eBay’s global customers and its Indian customers buy from eBay’s international sellers. Subsequently, eBay India was named Mint-Kart.
eBay will end its strategic relationship with Flipkart, which includes ending of its commercial agreements with the e-tailer and terminating Flipkart’s licence to use the eBay.in brand, the company added.
The new platform for used goods by Flipkart is expected to be rolled out next month but customers may be able to shop on it only after six months. In the meanwhile, only Flipkart vendors will be able to access it, sources said.
eBay had said it will relaunch eBay India with a focus initially on cross-border trade.