eBay to invest and merge its India ops with Flipkart: Report

[rahul1117kumar]

US-headquartered e-commerce firm eBay is planning to merge its India operations with Bengaluru-based Flipkart and participate in its USD 2 billion fundraising efforts, according to a report in Factor Daily .

The deal will see eBay India get folded into Flipkart, the report quoted two people familiar with the development as saying.

eBay to invest and merge its India ops with Flipkart: Report - Moneycontrol.com

 

[Omi]

If it is believed to be true then its a good move as E-Bay not able to become dominatinh player in e-commerce in India..
It really crucial for Flipkart to keep getting funds required for continuous growth and be able to deliver products in maximum locations as possible.