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Ecommerce Website Flipkart Buys Myntra To Lead



Ecommerce Website Flipkart Buys Myntra To Lead

India leading e-commerce website Flipkart acquired largest online fashion retailer Myntra.Both company officials confirmed this news.

Now Flipkart having the 100% shares in Myntra.Flipkart going to invest more $100million in Myntra for further developments.Looks like Flipkart investing overall competing Amazon and lead in Indian e-commerce online fashion.
Ecommerce Website Flipkart Buys Myntra To Lead
Mukesh Bansal will continue as CEO for Myntra and continue to develop the fashion market operations.He joined as a board member of Flipkart.

Flipkart have 18 million of register users and Myntra have 50 million register users become largest register e-commerce retailers.

Flipkart acquire initiated in the month of April starts $300 million later transaction completed at $300 million Flipkart financail officials confirmed the news.
Ecommerce Website Flipkart Buys Myntra To Lead01
Now Flipkart is No.1 in fashion retailer.Flipkart is now No.1 competitor in Indian retailers snapdeal and Amazon.

Another e-commerce website Snapdeal raised $100 millions on 21st May and target to $22 billion market share in coming 5 years as Internet transactions and internet users are viral.

Tags:Myntra,flipkart,Commerce website,flipkart website,online purchase,Retail market,Myntra

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