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Myntra Designs Raises $50M While Amazon and Flipkart Make Acquisition Offer of $200M

India’s e-commerce market is currently worth $3.1 billion annually and with its fast-growing middle class, many companies are willing to invest in it. One of India’s biggest e-commerce business, Myntra Designs, recently announced closing a $50 million round of funding. At the same time, Amazon and Flipkart approached the online retailer with an acquisition offer …

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