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Flipkart acquires eBay India
- yarapavan 10y agoThe investment by eBay is accompanied by a strategic commercial agreement with Flipkart. In exchange for an equity stake in Flipkart, eBay is making a cash investment ($500 million) in and selling its eBay.in business to Flipkart. eBay.in will continue to operate as an independent entity as a part of Flipkart.
- thewhitetulip 10y agoAll this is fine, the real problem which everyone ignores is that "make customer experience better" was the #4 priority of the new CEO who was appointed by Tiger Global. Until this becomes the #1 priority, it won't matter how much investment happens in Flipkart.