India : Flipkart makes Anil Goteti Ebay India in charge

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Flipkart makes Anil Goteti Ebay India in charge

09
Aug '17

Flipkart has announced its head Anil Goteti as the new in charge of Ebay India, which the marketplace recently acquired. Goteti is the head of the retail product and operations team at Flipkart and will now supervise the cross-border trade business of Ebay India. Vidmay Naini, the current Ebay India country manager, will work under Goteti.

Goteti had joined Flipkart in 2012 and has previously worked at companies like McKinsey and Qualcomm.

The deal to acquire Ebay India was made in April this year after Flipkart raised $1.4 billion from companies like Ebay, Microsoft and Tencent. Ebay made a cash investment of $500 million in Flipkart for an equity stake and sold its India business to Flipkart.

Ebay India will continue to be an independent entity under Flipkart and the Indian e-commerce giant has already started operating the former.

Ebay will stop reporting active buyer GMV and other related financials for Ebay India, said media reports quoting Flipkart. However, Naini will manage relationship with Ebay Global.

The companies will also tap cross-border trade opportunities, thus offering a wide range of global products from Ebay to Flipkart customers. On the other hand, Ebay customers will get access to Indian inventory of sellers on Flipkart. The merger will also help Flipkart sellers to expand their business globally. (KD)

Fibre2Fashion News Desk – India

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