Microsoft Ebay tencent Flipkart investment – CWEB.com
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 eBay.in business to Flipkart. eBay.in 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.