India’s largest online retailer Flipkart is in talks to acquire eBay’s domestic business, according to a report from Factor Daily. The deal is said to be structured as part of Flipkart’s ongoing $2 billion fundraising.
The Bangalore-based company is seen to be strengthening its arsenal to wage a war with Amazon that might soon define India’s $15 billion e-commerce sector.
EBay, which debuted in India in 2004, three years before Flipkart and almost a decade before Amazon, could never quite crack the market. Read more…
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