#Asia Indian e-commerce firm Flipkart acquires mobile phone repair startup F1 Info Solutions

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The acquisition will significantly expand Flipkart’s offerings to the entire lifecycle of mobiles, IT products and consumer electronics — from sales to after-sales to repair services

Flipkart

Indian e-commerce honcho Flipkart has acquired Mumbai-based F1 Info Solutions, a mobile phone and electronic products repair and services startup, for an undisclosed sum.

Flipkart said in a statement that the deal will significantly expand its offerings to the entire lifecycle of mobiles, IT products and consumer electronics — from sales to after-sales to repair services.

F1 Info Solutions will be merged with Flipkart’s subsidiary Jeeves, a third-party service provider for home appliances and furniture.

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As per the deal, F1 Info Solutions Co-founder and CEO Shammi Moza will join Flipkart as Senior Director and will continue to hold responsibility for the business.

Flipkart CEO Kalyan Krishnamurthy said the acquisition will help it to give customers a comprehensive service ecosystem that takes care of the repair and service needs. “Flipkart is the top destination for mobile phones in India and having created the market for online smartphones from scratch, we’re now taking our offerings several notches higher.”

Also Read: Will Amazon still emerge in the lead even if Flipkart, Snapdeal, and Paytm team up?

Founded in 2012, F1 Info Solutions has a repair service network of 158 centres in 135 cities. With close to 1,000 employees, the startup handles more than 50,000 service calls every month across the country.

The post Indian e-commerce firm Flipkart acquires mobile phone repair startup F1 Info Solutions appeared first on e27.

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