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Flipkart authorised to purchase eBay's Indian business

Jun, 15, 2023 Hi-network.com
Indian antitrust regulators announced they would allow Bangalore-based Flipkart to purchase eBay's Indian business. As part of its acquisition of eBay's Indian arm, Flipkart will strike a deal to make more of the American auction company's global inventory accessible to Indian consumers, while eBay's buyers globally will have greater access to Indian inventory provided by Flipkart. Amazon currently controls 44.6 percent of the market, while Flipkart controls 35.7 percent.

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