eBay India formally part of Flipkart

Megha Jain

Content Head

Flipkart and eBay have successfully concluded the merger transaction and now eBay.in will be owned by Flipkart. The merger follows Flipkart’s $1.4 billion (Rs 9,000 crore) fund raise from eBay, Chinese Internet firm Tencent, and software giant Microsoft Corp in April this year. eBay will remain an independent entity as a part of Flipkart. Customers from both Flipkart and eBay will respectively get access to the inventory from each firm.