Flipkart acquires Yantra

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

With this acquisition of Yaantra, Flipkart said it will augment its existing refurbishment business in the smartphone category.

The Yaantra team will help Flipkart build capabilities in this domain and accelerate its recommerce scale-up plans. The business will report to Prakash Sikaria, Senior Vice President and Head of Flipkart's 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.

The startup claims to have repaired over 60,000 smartphones and have a user base of over 1,20,000 satisfied clientele.