Wednesday, 27 September 2017

Flipkart acquires F1 Info solutions

India’s leading e-commerce marketplace Flipkart has acquired mobile repair chain F1 Info Solutions as it looks to improve its after sales service offerings to customers on its platform.
Smartphones account for over 50 per cent of the sales (by value) on Flipkart, making it the most important category for the Indian e-tailer. With F1 Info Solutions, the company will gain access to its own chain of service centres across the country. F1 Info Solutions will become a part of Jeeves, a firm that Flipkart invested in 2014. Jeeves specializes in providing after-sales service for large and small home appliances and furniture.

Following the acquisition, Flipkart will be able to monetize its customers across the lifecycle of a product, rather than just at the time of sale. According to the company, F1 Info Solutions has 158 centres and these are located in 135 cities across the country. The firm currently employs around 1,000 people who handle around 50,000 service calls every month. F1 Info is also a certified partner for several global consumer technology majors such as Apple, Samsung, HP, Lenovo, Sony and Asus.

The development comes at a time when the ecommerce giant is gearing up to sell refurbished smartphones ahead of Diwali. According to sources, Flipkart-certified refurbished smartphones will soon be sold on the online marketplace and offline outlets. To that end, the company is looking to team up with distributors for offline sale, as part of a move aimed at lowering high return rates of handsets.

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