Flipkart to shut eBay India, open new refurbished goods site
Flipkart, which acquired eBay India last year, is going to shut operations of the latter on August 14. Flipkart will launch its own platform with a different target audience to sell refurbished goods, CEO Kalyan Krishnamurthy said in an e-mail to the employees. US-based e-commerce giant eBay, on the other hand, is expected to re-launch in India independently of Flipkart.