The spinoff completed on July 18, 2015. eBay's then chief executive, John Donahoe, stepped down from that role.[28][29][30] Flipkart and eBay entered into a strategic partnership in 2017 under which eBay Inc acquired a 5.44% stake in Flipkart in exchange for its eBay India business for $211 Mn and a $514 Mn cash investment.