trending Market Intelligence /marketintelligence/en/news-insights/trending/WUREaIHsu6xMdzzkxNSYlg2 content esgSubNav
In This List

EBay completes sale of India biz to Flipkart

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles


EBay completes sale of India biz to Flipkart

EBay Inc. has closed the sale of its India business eBay India Pvt. Ltd. to online marketplace Flipkart India Pvt. Ltd.

As agreed, eBay also made a US$500 million cash investment in eBay.in in exchange for an equity stake in Flipkart.

Flipkart will now own and operate eBay.in effective immediately.

The companies have also agreed to jointly pursue cross-border trade opportunities that would make eBay's inventory accessible to more consumers in India, while eBay's millions of buyers will be able to access more Indian products provided by the Indian e-commerce giant.