Microsoft Ebay tencent Flipkart investment –


Microsoft Ebay tencent Flipkart investment –

Flipkart will have a valuation of $11.6 billion after the latest funding round. Flipkart, the ‘Amazon of India’, just raised a mammoth round of funding. And it acquired eBay’s Indian business. In exchange for an equity stake in Flipkart, eBay is making a cash investment in and selling its business to Flipkart. will continue to operate as an independent entity, as a part of Flipkart. The two companies have also signed an exclusive cross-border trade agreement.

Follow us on Google news for more updates and News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed. is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer