Flipkart to acquire eBay's India operations: Reports
Flipkart is acquiring eBay India in a deal that is part of a $2 billion fundraising, according to reports. This comes after recent reports claimed that Flipkart has closed its $1 billion funding from Microsoft, Tencent and eBay, and plans to raise $1 billion more. Interestingly, eBay is a small investor in Flipkart's rival Snapdeal.