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BPL is estimated to have sold around Rs 175 crore worth of products on the platform. But Nambiar says he was not happy with the sales on Flipkart and believes it could have been much more, given the brand pull.
Apple will initially start its online store by selling iPhone SE which will be manufactured in India and the product portfolio will be expanded as it grows the local production to other models.
Scott Schenkel, Chief Financial Officer, eBay, said, "We expect this deal to close early in the second half of 2017, and upon deal close we will no longer report active buyer GMV and related financials for eBay India."