Flipkart acquires eBay India

Indian e-commerce company Flipkart has reportedly raised an investment of $1.4 bln from Tencent, eBay and Microsoft. According to reports, the company has also acquired the India operations of multinational e-commerce corporation eBay. Notably, Flipkart’s co-founder and CEO Binny Bansal has tweeted, “Welcome @ebayindia to the @Flipkart family! More power to e-comm in India! (SIC)”

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