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Tag Archives: Flipkart

Flipkart Acquires Mytrna, Deepening its Fooprint on India’s Bilion Dollar E-commerce Market

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Flipkart, India’s largest online retailer, has just announced it has acquired fashion shopping site,  Myntra on has agreed to invest $100 million along with the acquisition, according to NDTV Profit. Financial details of the deal were not disclosed, but Reuters citing a source familiar with the acquisition, said the transaction was valued at close to $300 million. “It’s a 100 ... Read More »

International News: Indian E-Tailer, Myntra, Said to Secure $25M from American Investors

  Rumors Are Swirling About This Popular Lifestyle Outlet As e-Commerce gains traction in India, a few frontrunners are assuming their positions at the top of shoppers’ minds. One of which, Myntra, has been in the news recently as having possibly secured another round of funding to equal $25 million with backing from American investors, Accel Partners and Tiger Global ... Read More »

Indian e-Commerce Discounter Snapdeal Acquires Esportsbuy

Indian e-Tailers Seeing Consolidation Daily Deals e-Tailer Snapdeal has announced the acquisition of sporting goods and fitness materials site Esportsbuy.com for an undisclosed sum. Economic Times estimates the deal between $10M and $13M and some are calling the deal more of an “acq-hire” transaction (more of a personnel acquisition while phasing out the acquired business) rather than a traditional acquisition.  ... Read More »

Bringing the Bazaar to the Home, India’s Zansaar Raises $6M

Accel & Tiger Global Decorate Foreign Portfolio Rare is it to see one keen on beautifying themselves but not keen on beautifying their homes. It is for this reason that Zansaar, an Indian home décor online retailer, promises success as colorful as the items they sell. The recent online startup in the business of “adding style to your home” has ... Read More »