Indian Ecommerce Giant Flipkart Buys Fashion E-tailer Myntra To Fight Amazon’s Growth

India’s biggest e-commerce company, Flipkart, is acquiring fast growing online fashion retailer Myntra, the two companies confirmed today. The pair share two investors, Tiger Global Management and Accel Partners. Flipkart will be acquiring 100% of Myntra, and plans to invest $100 million in further developing the fashion business as it seeks to scale up faster to compete with Amazon which has been … Continue reading Indian Ecommerce Giant Flipkart Buys Fashion E-tailer Myntra To Fight Amazon’s Growth