Flipkart buys mobile repair shop chain F1 Info Solutions

Indian e-commerce major Flipkart has acquired mobiles and IT products repair services company, F1 Info Solutions for an undisclosed amount.

The acquisition comes soon after the news of Flipkart's aim to put eBay’s global sales platform to sell used products, received from customers through its product exchange offers and buyback guarantee schemes.

F1 Info Solutions will be a part of Jeeves, a Flipkart firm that provides third-party service for large and small home appliances and furniture.

Flipkart customers can now walk into an F1 Info Solutions store to get their devices repaired.

As a result of the acquisition, Shammi Moza, F1 Info Solutions co-founder, and CEO, will be joining Flipkart as a Senior Director as part of the deal and will continue to hold responsibility for the business, reports ET.

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"We want to give our customers a comprehensive service ecosystem that takes care of the repair and service needs of all their products," said Kalyan Krishnamurthy, CEO, Flipkart.

He also added, "With Jeeves and F1 Info Solutions now, we’re closer to that goal."

Bengaluru-based e-tailer has claimed to have bagged 70 percent of the overall sales during the five-day sale period. The e-commerce marketplace said its sales doubled this year as compared to the last year period.

According to the company, smartphone was the hottest category during the Big Billion Days. It claimed to sell 1.3 million smartphones within the first 20 hours of the category opening for sale.

Established in 2012, F1 Info Solutions has 158 owned and franchised centres and close to 1,000 employees. It handles more than 50,000 service calls every month across the country.

F1 is a service partner of brands like Apple, Samsung, HP, Lenovo, Sony and Asus among other.

F1 Info Solutions: Website