Flipkart acquire eBay India, secure $1.4 billion in funding $11.6 billion valuation

[rahul1117kumar]

Flipkart just announced that it has acquired eBay’s India business, after a report last week. It acquired Myntra back in 2014 in India’s biggest e-commerce deal and acquired Jabong , PhonePe UPI-based app last year.

Flipkart has also received $1.4 billion funding from China’s Tencent, eBay and Microsoft in the latest funding round and will be valued at of $11.6 billion after transaction, higher than the
rumored funding and valuation amount last month. “This is the biggest investment in Flipkart’s 10-year history,” said the company.

Flipkart to take over eBay India as part of [url=http://www.livemint.com/Companies/RjjyJUShEtiZ2DjgzUBczM/Flipkart-to-buy-eBay-India-as-part-of-14-billion-fundrais.html.4]MŽéthode Portal - Error billion fund-raising deal - Livemint[/url]

 

[Bapun]

Big surprise. Now hope some improvements will be made to eBay marketplace.

 

[PRK]

Maybe this means they won't buy Snapdeal ?

Btw unlike what most people think of ebay, there are a lot of trustworthy sellers on eBay selling items at reasonable prices.

 

[Bapun]

Latest updates:

Flipkart's acquisition of eBay gets approval from CCI - News Nation

 

[PRK]

Already received mails from ebay regarding ownership change yesterday or day before yesterday

 

[Bapun]

Already received mails from ebay regarding ownership change yesterday or day before yesterday

Kindly share a screenshot bro - want to read whole content, i didn't received any.

 

[Vicky]

I too received the email

 

[Ratnesh]

Don't worry brother,
Snapdeal is also going for sell

 

[Jithin91]

https://twitter.com/x/status/892317861024223232

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