It's been so interesting getting educated on what is happening in China, India and Brazil.. Some of the numbers are extremely meaningful - Last year, Flipkart raised India’s largest ecommerce funding round ever - US$360 million.
This particular merger makes sense as they try to ward off aggressive rivals Amazon, Walmart and the eBay-backed Snapdeal.
After months of rumors, the merger between two of India’s biggest ecommerce companies, Flipkart and Myntra, has been completed, according to NextBigWhat. Neither company has confirmed this officially. The two will keep operating as separate entities. Flipkart is the biggest general online marketplace in India, while Myntra is the biggest apparel-focused estore.