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May 22, 2014 12:43 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9QTKk8bzhDk/
Indian Ecommerce Giant Flipkart Buys Fashion E-tailer Myntra To Fight Amazons Growth
India’s biggest e-commerce company,Flipkart, is acquiringfast growing online fashion retailerMyntra,the two companies confirmedtoday. 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… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/9QTKk8bzhDk/
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