Flipkart acquires Yantra

Flipkart acquires Yantra

Flipkart Group has acquired electronics recommerce company Yaantra for an undisclosed sum.

With this acquisition of Yaantra, Flipkart will expand its existing refurbishment business into the smartphone category.

The Yaantra team will help Flipkart build capabilities in this space and accelerate its re-commerce scale-up plans. The company will report to Prakash Sikaria, Flipkart’s senior vice president and head of growth charter.

Founded in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, Yaantra repairs and sells refurbished consumer tech products such as smartphones and laptops.

Read More Flipkart acquires Yantra from Enttrackr.