Flipkart buying up Myntra for 2000 crores!

Indian online marketing major Flipkart is buying up a major stake in another e-commerce big entity Myntra in a 2000 crore rupees worth deal, announced Myntra. This will consolidate the e-commerce zone in the country in a big way with the number one and two coming together. The Indian online market is worth about 18000 crores. Flipkart captures about 6000 crore revenue in that while Myntra holds about 1000 crore. Other players in the market are International players eBay, Amazon and Snapdeal etc.

Medaram Jathara

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