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<keyword id="6354742" type="General" weightage="20" keywordseo="flipkart" source="Orion">Flipkart</keyword> Group on Thursday said it has acquired electronics recommerce company <keyword id="4160726" type="General" weightage="20" keywordseo="yaantra" source="Orion">Yaantra</keyword> for an undisclosed sum.<br /><br />The acquisition, said Flipkart, will augment its existing refurbishment business in the smartphone category.<br /><br />"Through the acquisition of Yaantra, we are enhancing our capabilities in a domain that is critical for the growth of the digital economy in India, as well as developing a comprehensive service ecosystem to support its expansion," said Ravi Iyer, Senior Vice President and Head, Corporate Development, Flipkart.<br /><br />Founded in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, Yaantra repairs and sells refurbished consumer tech products such as smartphones and laptops.<br /><br />The recommerce market in India is growing at a rapid pace.<br /><br />However, the Indian smartphone refurbishment market is largely unorganised and fragmented, which has posed trust and convenience issues for end consumers.<br /><br />With the acquisition of Yaantra, Flipkart said it will enable greater access to affordable refurbished smartphones, offering value and convenience for the end consumers.<br /><br />The Yaantra team will help Flipkart build capabilities in this domain and accelerate its recommerce scale-up plans.<br /><br />The business will report to Prakash Sikaria, Senior Vice President and Head of Flipkart's Growth Charter.<br /><br />"We believe this association will prove to be a game-changer in making the Indian refurbished market a success and creating an even better experience for our consumers," said Jha, Co-Founder and CEO, Yaantra.<br /><br /><br /><br />

Flipkart acquires refurbished electronics seller Yaantra

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This year, we look forward to collaborating with you on your brand journey and help you emulate the same success that our longstanding partners have achieved."><span data-til="noop">As the onset of the new year beckons us towards new beginnings, Business Insider India invites you to experience our innovations — a showcase of new editorial initiatives, products and brand partnerships from 2022 which have helped leading global companies engage with our select audience. These activities have established the foundation for our unique editorial mission around sustainability, personal finance, and enterprise tech which delivered sharp, incisive and compelling content to our readers. 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Flipkart acquires refurbished electronics seller Yaantra

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