Flipkart has appointed Anil Goteti in charge of eBay India, which the marketplace recently acquired. Goteti is the head of retail product and operations team at Flipkart and will now supervise the cross-border trade business of eBbay India. Vidmay Naini, current eBbay India countrymanager, will work under Goteti.
Goteti had joined Flipkart in 2012 and previously worked at 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 it. eBay will stop reporting active buyer GMV and other related financials for India. 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.