>>
Home / Knowledge / News / Apparel/Garments / Flipkart signs exclusive agreement with Ebay
Flipkart signs exclusive agreement with Ebay
10
Apr '17
Flipkart, India's leading e-commerce company, has entered into an agreement with Ebay, a global commerce leader, under which the two will jointly pursue cross-border trade opportunities to make Ebay's global inventory accessible to more Indian consumers, and Ebay's active buyers globally will have access to unique Indian inventory provided by Flipkart.
 
In exchange for an equity stake in Flipkart, Ebay will make a $500 million cash investment in and sell its Ebay.in business to Flipkart.  
 
Flipkart will own and operate the Ebay.in business upon the close of the transaction.  
 
"The combination of Ebay's position as a leading global e-commerce company and Flipkart's market stature will allow us to accelerate and maximise the opportunity for both companies in India," said Devin Wenig, president and CEO of Ebay.  
 
"Ebay is committed to winning in India in partnership with Flipkart. Our exclusive global trade partnership will allow Ebay and Flipkart to reach even more consumers around the world," Wenig said.
 
"This partnership between Flipkart and Ebay is the coming together of two pioneering innovators who have disrupted commerce by applying technology. It bodes well for Indian and global customers, sellers and the wider e-commerce ecosystem. Ebay.in has built a strong presence in India over the years and we hope to take it to greater heights as part of the Flipkart group," said Binny Bansal, Group CEO, Flipkart.
 
Upon the close of the transaction, Flipkart will acquire Ebay's buyers in India.  Ebay does not expect this transaction to have a material impact on its guidance provided on January 25, 2017. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 28th May 2022

US economy, manufacturing expected to expand in 2022: ISM

The US economy will continue to expand for the rest of this year, the ...

Pic: 123rf.com

Apparel/Garments | On 28th May 2022

Sri Lanka’s garment exports up 11.6% at $1.36 bn in Jan-Mar 2022

Garment exports from Sri Lanka stood at $1360.6 million in...

Pic: The Nordic Swan Ecolabel

Textiles | On 28th May 2022

Nordic Swan Ecolabel launches new requirements for clothes, textiles

The Nordic Swan Ecolabel, the official ecolabel of the Nordic...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Aylin Akyildiz,

Aylin Akyildiz

Established in 1997, Realteks has been providing denim fabric for the...

Folker Stachetzki,

Folker Stachetzki

Brother Internationale Industriemaschinen GmbH, the European subsidiary of ...

Sanmugamagesh,

Sanmugamagesh

<font color="#303030" face="Open Sans, sans-serif">India-based The Chennai ...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Syed Ali, MMS Nonwoven

Syed Ali
MMS Nonwoven

Located in JAFZA, Jebel Ali, Dubai, United Arab Emirates, MMS Nonwoven is...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Justicia Ruano, Brand - Mango

Justicia Ruano
Brand - Mango

Justicia Ruano is the Womenswear Design Director of globally renowned...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Gloria Jeans
Palexpo SA
TEXVALLEY MARKET LIMITED
Performance Days
Phong Phu international JSC (PPJ)
Desigual - ABASIC, S.A.
Lenzing Aktiengesellschaft
Saurer Textile Solutions Pvt. Ltd.
TESCO INTERNATIONAL SOURCING LIMITED
Centric Software
Applied DNA Sciences Inc
Reiter India Private Limited
N9 World Technologies Private Limited
Helly Hansen Far East Ltd
Alison Hayes Romania
H. Stoll AG & Company KG
Meera Dyestuff Industries
Dow Silicones Corporation
Chori Company Limited
Benetton Group
Taiwan Textile Federation (TTF)
Zydex Industries
Mesdan SPA
Datacolor AG Europe
Maceton Limited
Kornit Digital Asia Pacific Ltd
Nandan Denim Limited
ITMA Services Pte Ltd
DuPont de Nemours, Inc.,
Thermore (Far East) Ltd.
Hirdaramani International Export Private Limited
Seasalt Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
The LYCRA Company Singapore  Pte. Ltd
ZAITEX spa
Midas Clothing Limited
X-Rite Asia Pacific Limited (HK)
Loris Bellini S.r.l.
BRINKMANN GMBH
Mayer & Cie. GmbH & Co. KG
Pt. Peraga Nusantara Jaya Sakti
FESPA (Reigate)
The Top Form Brassiere Manufacturing Company Limited
Grasim Industries Limited
Asos
Inter Expo Center Ltd.
Hela Clothing Pvt Ltd
Esprit Europe Services GmbH
Thai Trade Center
Lenzing Aktiengesellschaft - India
Messe Frankfurt Exhibition GmbH
Gap International Sourcing Limited
Messe Duesseldorf
J ;& P Coats
Itema Weaving (India) Private Limited
Amazon China
USTER
Etam Group Strategy Hong Kong Limited
Bluestem Global Sourcing Limited
K AND D ITMACH EXPOSITIONS LLP
DyStar India Pvt. Ltd
THE BOMBAY DYEING ;& MFG.CO. LTD
Color Service s.r.l.
Arvind Limited
Italian Trade Commission
Lottmann Communications
Rosset ;& Cia Limited
Rayonese Textile Inc., Division de Culp Inc.
Comasia Limited
Equinox Impex India
Karl Mayer Textilmaschinenfabrik GmbH
IFF Media Ag - International Media Services
Restoque S.A.
Kern – Liebers Textile
FULGAR SpA
EMBEE CORPORATION
Savio Macchine Tessili S.P.A.
Newtech Textile Technology Development (Shanghai) Company Limited
Tchibo GmbH
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
KAS Direct Sourcing
John Varvatos
Vardhman Textile Ltd
Splash
Copenhagen Fashion Summit
BIANCA
EPCH
Permoda(Koaj/Armi/Pronto/Bkul)
Sportswear Company Spa
Target Corporation (MN)
Sportmaster Ltd.
GHCL LIMITED
Marzoli Machines Textile s.r.l.
EUROVET ASIA LTD
The LYCRA Company Singapore  Pte. Ltd
Guess Europe Sagl,
Zünd Systemtechnik AG
Shima Seiki Mfg. Ltd.
COTTON COUNCIL INTERNATIONAL
MAS Active / MAS Kreeda / MAS Bodyline
BTC Textiles LLC
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Eurofins BLC Leather Technology Centre Ltd
Stahl Holdings B.V.,
JES MEDIA, INC
Xtema - Thomas Lebherz Textilmaschinen
Datatex Consulting Srl
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Puma
Green Fibre
International Textile Manufacturers Federation
Landmark Group
Indo Tex
VNU Exhibitions Asia
Jiangsu Yingyang Nonwoven Machinery Company Limited
BTSR International S.P.A.
Recron Polyester from Reliance Industries Limited
T.T. Limited
Tradewind International Servicing
IDH – The Sustainable Trade Initiative
Tommy Hilfiger
Lifestyle
KIABI
GERBER TECHNOLOGY LTD.
China World International Exhibition Company Limited
BIMBA ;& LOLA SL
Abit
IIGM Private Limited
Alix Partners
Thai Acrylic Fibre Company Limited
Groz-Beckert KG
Officina Meccanica Dora Enrico Srl
H;&M Hennes ;& Mauritz (Far East) Ltd
Decathlon
Lululemon Athletica Inc
SYNERGIES HONG KONG LIMITED
Flainox S.r.l.
C;&A Sourcing International Ltd
Rieter India Private Limited
G-Star Raw C.V.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
APLF Limited
Gokaldas Exports Limited
Indofil Industries Limited - Specialty & Performance Chemicals Division
Huntsman (Singapore) Pte Ltd
Coats Digital Limited
Brandix Lanka Limited
Lisa S.P.A.
Tuyap Tum Fuarcilik Yapim A.S.
PVH Corporation
Babyshop
Lacoste (Wanchai)
Bluesign Technologies Ag
Under Armour Global Sourcing Ltd
G.A.S. unternehmenskommunikation gmbh
Aleph Srl
Infor (Hong Kong) Limited
Colours India Inc
NITI Aayog
UBM China (Shanghai)
Eastman Chemical Company
Sateri (Jiujiang) Fiber Co.,Ltd
Istanbul Fuarcilik A.S.
Jindal Worldwide Limited
Lectra Technologies India Pvt Ltd.
CSGIA(China Screen Printing & Graphic Imaging Association)
Sainsbury's Argos Asia Limited
NV Michel Van de Wiele
Groz-Beckert East Asia LLP
CGS Inc.
IKEA of Sweden AB
LC Waikiki
OVS Hong Kong Sourcing Ltd.
Woolmark Services India Pvt. Ltd.
Recron Polyester from Reliance Industries Limited
TESTEX AG, Swiss Textile Testing Institute
Shanghai  Aige Exhibition Service Co., Ltd
Haelixa AG
Aramark Uniform ;& Career Apparel, LLC
Page Industries Limited (Bangalore)
Gatsby Africa
Vianney Textil Hogar S.A. De C.V.
Varner AS Retail
GIOVANNI BOZZETTO S.p.A.
Calvin Klein
Brückner Trockentechnik GmbH & Co. KG
SHAHI Exports Pvt Ltd
Boardriders Asia Sourcing Limited
Nihalani Events Management
Truetzschler India Private Limited
TÜYAP IHTISAS FUARLARI A.S.
International Sourcing Expo Australia
Chico’ FAS
Weitmann & Konrad GmbH & Co. KG
Tory Burch Hong Kong Ltd
Cat Tuong Real Estate Group Joint Stock Company
Aquarelle Clothing Limited
Walmart

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search