Flipkart owned eBay is all set to shut down its operations on August 14 and thus it marks the ends of the strategic partnership that initially had its beginning in August last.
Instead, Flipkart would now launch its new platform to sell the revamped goods in an attempt to tap into the market of pre-owned goods, which as of now, remains unorganized.
So, now the transition page of eBay India states that the platform would now stop accepting new orders from 14th August 2018. Moreover, purchases which are less than ₹250 and more than ₹8,000, however, would not be permitted on eBay.in.
It needs to be mentioned here that customers would not be able to use their pre-existing eBay account to make purchases on Flipkart. So, they would have to register all again as a new user for the same.
It further stated that all purchases made or returns furnished up to August 14, would be protected by eBay Guarantee. Also, the purchase history of every user would be now available on My PaisaPay and My eBay.
It was just the previous month, when, Flipkart CEO Kalyan Krishnamurthy mailed his employees, that stated that the company would launch a new platform for refurbished goods, immediately succeeding the termination of all customer transactions on eBay.in.
The mail read that, “Based on our learning at eBay.in, we have built a brand new value platform launching with refurbished goods – a large market which is predominantly unorganized… As part of this launch, we will be stopping all customer transactions on eBay.in on 14th August 2018 and transitioning to the new platform”.
To look back, the Flipkart-eBay India merger was announced in August last when the Indian e-commerce giant had raised USD 1.4 billion from global technology majors such as eBay, Microsoft, and Tencent.
Also, a part of the deal states that eBay invested USD 500 million for an equity stake in Flipkart and handed over all operations of eBay India to Flipkart.
eBay announced the end of the strategic partnership in May this year, stating of the relaunch of eBay India with a differentiated offering to focus on cross-border trade.