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Flipkart acquires eBay India

Apr 11, 2017 AM EDT - Amrin Shaikh

Indian Online Retailer Flipkart Raised $1.4 Billion; Acquires eBay India

Indian e-commerce giant Flipkart has made two major announcements regarding its massive success. After acquiring Myntra and Jabong, Flipkart has announced to conquer eBay's Indian operations. Secondly, the company has raised whopping $1.4 billion investment from China's Tencent, eBay, and Microsoft.

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