As an outcome of its recent deal to get broader in the Indian E-commerce market, eBay has received 5.44 per cent ownership interest in Flipkart. As per the latest reports of US Securities and Exchange (SEC) Flipkart’s merger with eBay India has yielded a gain of $167 Million which is approximately Rs. 1,083 crores for eBay.
eBay has made a cash investment worth $ 500 million which is approximately Rs. 3,242 crores along with its selling eBay.in to Flipkart. As highlighted by the Company’s Annual Report, both these decisions lead to the cost – method investment of $ 725 million (approximately Rs. 4,703 crore) for eBay.
In the coming future, Flipkart is expected to go global as an outcome of ownership stake of eBay in Flipkart. The company already started its Global Programme of exporting its products on eBay as well as connecting with over 1, 00,000 sellers spreading across 171 million.