Two of India’s biggest ecommerce giants, Flipkart and Myntra, complete merger: report

Cloud News Asia

After months of rumors, the merger between two of India’s biggest ecommerce companies, Flipkart and Myntra, has been completed, according to NextBigWhat. Neither company has confirmed this officially. The two will keep operating as separate entities. Flipkart is the biggest general online marketplace in India, while Myntra is the biggest apparel-focused estore. Myntra raised US$50 million from its latest funding round back in February. Techcrunch reported last month the deal values Myntra at US$330 million, but the acquisition was delayed due to some regulatory bottlenecks.

http://www.techinasia.com/indias-biggest-ecommerce-giants-flipkart-myntra-complete-merger-report/

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