March 25, 2017

Flipkart to acquire eBay india

Flipkart is planning to acquire eBay India's operations as part of latest funding round of $2billion according to a report.
Bloomberg reported that flipkart had raised $1billion and further aimed to raise another $1billion in next few months.

According to fillings with the registrar of company , ebay reported loss of rs 262 crore for the year ended in March 2016.

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