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Flipkart Acquires Myntra in India's Biggest E-Commerce Deal

Flipkart Acquires Myntra in India's Biggest E-Commerce Deal
Flipkart, India's largest online retailer, acquired fashion portal Myntra on Thursday and said it would invest $100 million (nearly Rs 600 crore), in the fashion business. "It's a 100 per cent acquisition and going forward we have big plans in this segment," said Sachin Bansal, co-founder of Bangalore-based Flipkart. Financial details of the deal were not disclosed, but Reuters citing a source said the transaction was valued ...
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