Flipkart acquires Myntra

Posted on 23rd May 2014 | 1011 views

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Flipkart acquires Myntra

Flipkart has acquired online fashion retailer Myntra in an estimated Rs 2,000 crore deal and this deal was not disclosed in exact values but it was estimated to be in 2000 crores. Flipkart and Myntra would be the greatest combination with their e commerce business plans and they have strong desire that they are going to rule the online market. This acquisition will going to help them to lead in fashion category and it is going to invest $100 million in fashion business. And it will also help to compete with clothes category with Amazon and snap deal.

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