EBay In­dia is in Anil Goteti’s Kart Now

The Economic Times - - Disruption: Startups & Tech - Mugdha.Vari­yar@ times­group.com

Ben­galuru: Flip­kart has put its mar­ket­place head Anil Goteti in charge of the newly ac­quired eBay In­dia busi­ness, ac­cord­ing to an in­ter­nal email sent by the com­pany. Flip­kart of­fi­cially con­cluded the merger of eBay.in last week.

Goteti, who heads the mar­ket­place and re­tail prod­uct and op­er­a­tions team at Flip­kart, will head the new plat­form where he will also steer the cross-bor­der trade busi­ness. eBay In­dia’s cur­rent coun­try man­ager Vid­may Naini will re­port to Goteti. Be­fore Flip­kart, Goteti was a man­age­ment con­sul­tant at McKin- sey and a se­nior sys­tems en­gi­neer at Qual­comm, ac­cord­ing to his LinkedIn pro­file. He joined Flip­kart in 2012.

eBay made a $500-mil­lion cash in­vest­ment in Flip­kart for an eq­uity stake and sold its eBay.in busi­ness to Flip­kart as part of a $1.4-bil­lion fund­ing round led by Mi­crosoft and Ten­cent in April this year.

Flip­kart has said eBay.in will re­main an in­de­pen­dent en­tity as part of the com­pany. eBay will no longer re­port ac­tive buyer GMV and re­lated fi­nan­cials for eBay In­dia. Naini, how­ever, will con­tinue to man­age the re­la­tion­ship with eBay Global, Flip­kart said.

Both Flip­kart and eBay.in are set to lever­age cross-bor­der trade, which will en­able Flip­kart’s cus­tomers to ac­cess global in­ven­tory on eBay, while Flip­kart sell­ers can also get ac­cess to eBay cus­tomers, giv­ing them a chance to sell glob­ally.

eBay In­dia had a base of 4 mil­lion buy­ers at the time the merger was an­nounced.


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