Yaantra: Flipkart Group acquires electronics recommerce company Yaantra

The Flipkart Group announced the acquisition of Yaantra, an electronics recommerce company, to strengthen its recommerce business and enhance after-sale offerings for its customers in the smartphones segment. With this acquisition, Flipkart will provide a comprehensive service ecosystem to its customers that takes care of the entire lifecycle of smartphones, a statement said. With the acquisition of Yaantra, Flipkart will enable greater access to affordable refurbished smartphones, offering value and convenience for the end consumers. The business will report to Prakash Sikaria, Senior Vice President and Head of Flipkart†s Growth Charter, the statement said. Their recommerce value chain and refurbishment capability will allow Flipkart to create a very meaningful recommerce offering.