bizztor

Flipkart to acquire eBay India

Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, reported by Factordaily.

eBay, which is a small investor in Snapdeal, has made unsuccessful attempts to acquire the New Delhi-based online retailer over past few years but failed to do so. It will now finally get to become a part of the battlefront against Amazon in India.

Having raised $4.1 billion in 13 funding rounds since January 2009, Flipkart is locked in an intense battle with Amazon over share in India’s ecommerce market.

Flipkart has been struggling to raise funds for the past few months, and this funding round has been critical for the company after losing considerable ground to the US-headquartered Amazon in 2015-16.

After the October 2016 sale season, Flipkart in a statement said that its sales momentum was back with it winning back market share in the key smartphone category.

Get SEO Insights from Experts

We curate top 10 SEO resources every week and share it with our community. Join our Weekly Newsletter to boost your organic traffic.  

COLLABORATION

Let's Discuss
to create the best
digital
solutions.

We’re a team of creatives people who are excited about unique ideas and help SMEs and Startups with their digital growth.

India Office:

Level 12, Building 8C,
Cybercity, Gurugram.
India – 122002

Email: [email protected]
Call: +91 7027030024
Ireland Office:

The Crescent Building,
Block B, Dublin,
D09 C6X8

Email: [email protected]
Call: +353 89 444 6579
Work inquiries

Interested in working with us?

Email:
[email protected]
Copyright ©2020 Bizztor. All Rights Reserved. Bizztor is a trademarks of Bizztor Media Private Limited.
Sidebar Scroll To Top

HEY YOU, SIGN UP AND CONNECT TO WOODMART!

Be the first to learn about our latest trends and get exclusive offers

Will be used in accordance with our Privacy Policy