India’s giant ecommerce company Flipkart is tumblr milf sex videostepping up its efforts as competition from Amazon heats up in the nation.
Flipkart announced Monday it has signed an agreement to acquire eBay India.
SEE ALSO: Softbank reportedly wants to merge India's top online retailers to take on AmazonAs part of the deal, eBay will make a cash investment in Flipkart and hand over its India business to the Bangalore-based company. Neither of the companies shared how much cash investment eBay is making, but Reuters says it’s $500 million.
The announcement comes as part of latest round of funding for Flipkart, which saw global giants Tencent, Microsoft and eBay invest $1.4 billion in the company at a valuation of $11.6 billion, it said today.
Company founders Sachin Bansal and Binny Bansal touted the move as a "landmark deal" for the company and for India. "This deal reaffirms our resolve to hasten the transformation of commerce in India through technology," they said in a press statement.
Ebay India and Flipkart believe the convergence of their businesses will offer customers "access to the wide array of global inventory on eBay, while eBay’s customers will have access to more unique Indian inventory provided by Flipkart sellers."
"Ebay is committed to winning in India in partnership with Flipkart. Our exclusive global trade partnership will allow eBay and Flipkart to reach even more consumers around the world," Devin Wenig, President and CEO of eBay, said in a press statement.
Analysts praised the move. Sandy Shen, Research Director, Gartner said the latest round of investment will help Flipkart keep "competition especially Amazon at bay." He added Microsoft, Tencent, and Ebay will provide India's ecommerce giant the "technology and market expertise" that it earnestly needs.
"Flipkart has been and will continue to make acquisitions to increase scale, and the next challenge is to strategize the path to a sustainable business model within a set time frame. Hopefully with the funding and expertise it is getting from the investors, it will be able to establish itself as a true market leader from both the technology and operational perspectives," Shen added in a statement.
Ebay forayed into the Indian market in 2004. Interestingly, the company had also made an investment in Flipkart-rival Snapdeal four years ago (and sold it two years ago). Snapdeal itself is reportedly in talks with Flipkart for a potential acquisition.
Founders of Snapdeal, which lost the No. 2 spot to Amazon in India’s ecommerce businesses race last year, assured the employees that their future is in good shape.
The move comes a year after Amazon CEO Jeff Bezos announced an investment of an additional $3 billion in India, calling the country the company's fastest growing market.
5 creative ways to trick people into eating healthyWhy Zach Galifianakis doesn't want Donald Trump as a guest on 'Between Two Ferns'Now you can register to vote at 'Hamilton'Daisy Ridley joins James Corden in 'Peter Rabbit' movie's voice castWaze wants to help people keep up with their 'favorite brands'The music industry is going after YouTubeWhat's the deal with that wild Pen Pineapple Apple Pen video?Cam Newton dons MLK shirt before game in CharlotteBest gift card deal: Get a free $20 REI gift card when you buy a $100 REI gift cardDavid Beckham and Kevin Hart on a road trip together is as hilarious as you'd expect7 can'tSnapchat says it's a camera company with more TVRemembering José Fernández's heartbreaking reunion with his grandmaDad posts video of 5Pence says Trump was kidding, Gennifer Flowers will not be at the debateAd blocking usage is up more than 10 percent from last yearStranger covers man's fuel bill, proves there's still good in this worldAdele on Brangelina: 'I couldn't give a f*cking sh*t'MTV launches new animated, digital docu7 times legendary baseball announcer Vin Scully went delightfully off topic Fiona the Hippo turns 2, gets a birthday song from her hippo crush Ted Cruz gets called out on the Senate floor over shutdown vote 'Wordle' today: Here's the answer, hints for September 8 How do you draw an X? Twitter is divided over it. Amazon's Ring video doorbells now have end Overenthusiastic student shows up for job interview at Microsoft a month early NYT honors record number of women in Congress with stunning special section Apple announces updated second Everyone's taking their anger out on Sasuke in this hilarious new meme This massive fried rice prank turned into a great Photoshop battle Please enjoy these Pope Stephen King's take on the Trump shutdown is as blunt as you'd expect Chris Hemsworth launches his own fitness app Centr Walmart+ members can get Paramount+ Essential for free, which includes CBS live Snap's layoffs are just the latest in Big Tech's belt Stephen King creates a Twitter play to brutally mock Donald Trump 'Wordle' today: Here's the answer, hints for September 5 In defense of sharing music to your Instagram Story How to use all of iOS 16's new features The iPhone notch is no more on iPhone 14 Pro
3.2001s , 8614.625 kb
Copyright © 2025 Powered by 【tumblr milf sex video】,Pursuit Information Network