Flipkart Buy Myntra in 2000 Crores - Merger of these eRetailer will complete Amazon in INDIA
Finally leading eRetailer Giant Flipkart Purchased Myntra, which was first competitor of the company for India Market. This Flipkart and Myntra Talk were started a way back. Lots of Industry People had eye on this Merger and Acquisition of TWO Online Retail Players of India.
Flipkart and Myntra are doing online product selling in Indian domestic market and have thousands of products and verities of brands in it’s current portfolio. From different products, Online Garments/Apparels Selling is the major business for both of this leading Online Selling Website. These both website are in tough competition as eCommerse Players in India.
Myntra co-founder and chief executive Mukesh Bansal will head the fashion business of both Myntra and Flipkart that was the information from official sources. Again Myntra will operate as an independent entity and retain its website, while Flipkart will continue selling apparel on its site and hence both website will give tough competition to current leading eRetailer Amazon in Indian Market.
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