eBay India to relaunch after making $1 bn from Flipkart sale
Announcing plans to relaunch eBay India, US e-commerce major eBay has said it will sell its stake in Flipkart for $1.1 billion. Last year, eBay had sold its Indian entity to Flipkart in return for a minority stake in the Indian e-commerce giant. This comes after US retail giant Walmart bought controlling stake in Flipkart in a $16 billion deal. 