Ebay sells its India operations to Flipkart

Posted on:11 Apr 2017 14:56:50
Ebay sells its India operations to Flipkart
11 April 2017 Current Affairs: After Flipkart announced the acquisition of eBay's India operations and raised $500 million from it, eBay's CEO Devin Wenig said, "Flipkart had a very strong close to last year". "There weren't going to be 10 winners, but maybe only one or two. And Flipkart, given all of that, was the natural party to align with", he added

Ebay

Founder - Pierre Omidyar

Year- 1995

Head quarters - San Jose, California. 

Flipkart

Founder - Binny Bansal ,

CEO - Sachin Bansal

Year - 2007

Headquarters - Bengaluru, Karnataka

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